The only real jobs that are being created are public sector jobs. And as we all know, every single one of those jobs is on the backs of taxpayers; who are the only real workers who bring value to the table and create wealth.
Private sector employee = Brings value, which means that what he/she contributes to the bottom line not only pays for his/her own salaray, but provides a profit to the company; which means that his job is self-sustaining and is creating wealth. The profit part = wealth creation.
Public sector employee = Not to say that we don't need public sector employees, but his/her job brings NO economic value; in the sense that his entire pay and benifits are on the taxpayers backs; which means that he/she is a net drain to the economy becomes not only is his/her job not self-sustaining, but economicaly brings no value to the macro-economic picture; Which equals no wealth creation.
The key to value is that any employee's job has to pay for itself by the equivalent value that they bring to the table; if not actually bring more value than their pay = profit = wealth creation.
There's your economics 101 lesson for the day. You will not find the basics of capitalism in the socialist handbook. And lefties just listening to lefties will never learn/get this.
- 67GTO