So true: "Rich People Don't Create Jobs"

"... I can say with confidence that rich people don’t create jobs, nor do businesses, large or small.

What does lead to more employment is the feedback loop between customers and businesses.

And only consumers can set in motion a virtuous cycle that allows companies to survive and thrive and business owners to hire. An ordinary middle-class consumer is far more of a job creator than I ever have been or ever will be."

...

"It is unquestionably true that without entrepreneurs and investors, you can’t have a dynamic and growing capitalist economy.

But it’s equally true that without consumers, you can’t have entrepreneurs and investors.

And the more we have happy customers with lots of disposable income, the better our businesses will do." - Nick Hanauer

Via ymfy.