“The average American will never work for Google or Apple. But the rise of the high tech sector matters to all of us, including those who work outside high tech. One important reason is that attracting an Internet company or a biotech company to a city results in significant job gains for workers in the local service sector – occupations like waiters, carpenters, doctors and teachers. I call this the multiplier effect. This multiplier effect is surprisingly large. My research shows that for each new high tech job in a city, five additional jobs are created outside high tech in that city. In essence, from the point of view of a city, a high-tech job is much more than a job.”—Good Jobs: Why Innovation, Location And Education Matter Most - Forbes (via tballardbrown)
hunger games was so good but i think reading the book/finishing the series days before seeing it was a bad idea because i was still so emotionally invested in EVERTHING my eyes were teary within the first five seconds
a week and a day til i can log onto penn’s campus express website so i can choose my dining plan, apply for my penncard, do banking stuff and a week and a half til housing assignments come out and i find out where im living and who my roomate is!!
It is astounding how significantly one idea can shape a society and its policies. Consider this one.
If taxes on the rich go up, job creation will go down.
This idea is an article of faith for Republicans and seldom challenged by Democrats and has shaped much of today’s economic landscape.
But sometimes the ideas that we know to be true are dead wrong. For thousands of years people were sure that earth was at the center of the universe. It’s not, and an astronomer who still believed that it was, would do some lousy astronomy.
In the same way, a policy maker who believed that the rich and businesses are “job creators” and therefore should not be taxed, would make equally bad policy.
I have started or helped start, dozens of businesses and initially hired lots of people. But if no one could have afforded to buy what we had to sell, my businesses would all have failed and all those jobs would have evaporated.
That’s why 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 a “circle of life” like feedback loop between customers and businesses. And only consumers can set in motion this virtuous cycle of increasing demand and hiring. In this sense, an ordinary middle-class consumer is far more of a job creator than a capitalist like me.