The Rightwing "Job Creators" myths

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It seems there are 2 Rightwing myths about "The Job Creators" in America.

One is that the job creators come from the upper class and very rich.

The other is that high taxes kills innovation and entrepreneurship or job creation.

------95% of job creators come from the middle class. Nike, Apple, Microsoft and thousands of other big employers of today were all founded by usually lone middle class entrepreneurs NOT the rich or big corporations.

-------And most were founded when the top tax rate on the rich was over 70% which is twice as high as today.

America's Top 30 Job Creators> Daily Beast article

Enough with greedy bankers and hedge funders. As 15 million unemployed Americans search for jobs, The Daily Beast salutes the true entrepreneurs whose ideas and vision created great companies and jobs, jobs, jobs.

Organic-obsessed groceries: 43,000 jobs. Flying letters on private planes: 93,000 jobs. Flooding cities with $5 cups of coffee: 142,000 jobs.

The economy is sputtering along and Wall Street is rolling in money again. But with no relief in sight for the nation’s 15 million unemployed, job creation is set to dominate the headlines this fall. President Obama says he’ll offer “new ideas” this week, while many economists demand more government stimulus and tax credits.

Ultimately, it is entrepreneurs, not governments, who create jobs. To honor them, The Daily Beast has combed lists of the country’s largest public and private companies, based on full-time employees. From Fred Smith to Larry Ellison, we ranked the top 30 job creators in America. Our 30 are either living founders of existing companies, or executives directly responsible for the current iteration of a company. For example, Howard Schultz didn’t create the original Starbucks outpost, but he established the international chain as it exists today. (The list is based on total worldwide employees.)

Notably absent from the list are some of the celebrities of today’s business world. Nearly $250 billion in shareholder value has been injected into the U.S. economy thanks to Mark Zuckerberg, Sergey Brin, Larry Page, and Jeff Bezos—the masterminds behind Facebook, Google, and Amazon.com. But the three companies employ fewer than 50,000 workers combined.

http://www.thedailybeast.com/galleries/2038/1/?redirectURL=http://www.thedailybeast.com/galleries/

Erik300's picture
Erik300
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Apr. 2, 2010 9:44 am

Comments

There is a myth in this country that the more you pay people, the more productive work you get out of them. There have many studies on this topic, and they all agree that this is simply not true. In fact, for anything but the most menial jobs, higher pay gets poorer results. The following video clip is a great summery, and entertaining too:

RSA Animate - Drive: The surprising truth about what motivates us

http://www.youtube.com/watch?v=u6XAPnuFjJc

coffeya's picture
coffeya
Joined:
Jul. 31, 2007 3:01 pm
Quote Erik300:

It seems there are 2 Rightwing myths about "The Job Creators" in America.

One is that the job creators come from the upper class and very rich.

The other is that high taxes kills innovation and entrepreneurship or job creation.

------95% of job creators come from the middle class. Nike, Apple, Microsoft and thousands of other big employers of today were all founded by usually lone middle class entrepreneurs NOT the rich or big corporations.

-------And most were founded when the top tax rate on the rich was over 70% which is twice as high as today.

America's Top 30 Job Creators> Daily Beast article

Enough with greedy bankers and hedge funders. As 15 million unemployed Americans search for jobs, The Daily Beast salutes the true entrepreneurs whose ideas and vision created great companies and jobs, jobs, jobs.

Organic-obsessed groceries: 43,000 jobs. Flying letters on private planes: 93,000 jobs. Flooding cities with $5 cups of coffee: 142,000 jobs.

The economy is sputtering along and Wall Street is rolling in money again. But with no relief in sight for the nation’s 15 million unemployed, job creation is set to dominate the headlines this fall. President Obama says he’ll offer “new ideas” this week, while many economists demand more government stimulus and tax credits.

Ultimately, it is entrepreneurs, not governments, who create jobs. To honor them, The Daily Beast has combed lists of the country’s largest public and private companies, based on full-time employees. From Fred Smith to Larry Ellison, we ranked the top 30 job creators in America. Our 30 are either living founders of existing companies, or executives directly responsible for the current iteration of a company. For example, Howard Schultz didn’t create the original Starbucks outpost, but he established the international chain as it exists today. (The list is based on total worldwide employees.)

Notably absent from the list are some of the celebrities of today’s business world. Nearly $250 billion in shareholder value has been injected into the U.S. economy thanks to Mark Zuckerberg, Sergey Brin, Larry Page, and Jeff Bezos—the masterminds behind Facebook, Google, and Amazon.com. But the three companies employ fewer than 50,000 workers combined.

http://www.thedailybeast.com/galleries/2038/1/?redirectURL=http://www.thedailybeast.com/galleries/

The people at the "top" of the current game are not interested in the needs of people. As an entrepreneur, sure, one has the freedom to be good. As a corporate dictator, however, democracy and humanity are not affordable or legal. What we have, as our political economic system, is a man-made monster who is defined on paper. The monster destroys the lives of many people and funnels their wealth upward. If we change the paper, we change the monster's appearance. We could change the monster into an engine of peace and community, if we wanted. The problem is not that our representatives are incapable of making things better. The problem is that they are all pro-monster in one form or another. And we'll never change a system, anyway, that serves the upper crust without numbers and we don't have numbers.

Too many conservative rubes have been convinced that the monster is good and "community" is just the sucking tube of a parasitic human mass. Meanwhile, in the penthouse suites of the gods of Wall Street, they punch the keyboard and cause the vice to tighten on the masses, draining our children's future for their own power and greed. And in the working class abodes of the republican base, they worship the "creators" who are kind enough to use them.

What hope is there for humanity while we are so easily fooled?

D_NATURED's picture
D_NATURED
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Oct. 20, 2010 7:47 pm

But you have to understand, the very rich ARE creating jobs ... in China!

charlottelightrail's picture
charlottelightrail
Joined:
Jul. 31, 2007 3:01 pm
Quote coffeya:

There is a myth in this country that the more you pay people, the more productive work you get out of them. There have many studies on this topic, and they all agree that this is simply not true. In fact, for anything but the most menial jobs, higher pay gets poorer results. The following video clip is a great summery, and entertaining too:

RSA Animate - Drive: The surprising truth about what motivates us

http://www.youtube.com/watch?v=u6XAPnuFjJc

Money isn't everything. And it may be true that more money does not lead to greater productivity. However, there is a minimum that any working person deserves to live with dignity. To pay less than that is wrong, whether it increases productivity or not.

D_NATURED's picture
D_NATURED
Joined:
Oct. 20, 2010 7:47 pm

Right! Or TRANSFERING jobs to China might be a better term. ANd big corporations dont create many jobs anyway, compared to small and medium sized businesses.

Erik300's picture
Erik300
Joined:
Apr. 2, 2010 9:44 am

I do see a problem with the Daily Beast's list. It seems that most of the jobs these folks have created are at "Big Box" stores, which take more money OUT of local economies, by sending the profits to wherever the home office is, than it puts into them via employment. The Lowes that opened in my town caused FIVE other hardware stores to close, and I'm willing to bet that those 5 stores, collectively, employed more people than the Lowes does. But at least Lowes allows unionized workers.

Other problematic entries -

Home Depot is RABIDLY anti-union ... I call them Home DESPOT.

RUPERT MURDOCH??!! Newscorp?! Really? REALLY? Do I need to point out what's wrong with this? How many locally-owned newspapers, radio & TV stations has Newscorp absorbed? I think the kind of work you do, and the effect it has on the rest of the nation's economy matters, don't you?

mstaggerlee's picture
mstaggerlee
Joined:
Jul. 31, 2007 3:01 pm
Quote mstaggerlee:

I do see a problem with the Daily Beast's list. It seems that most of the jobs these folks have created are at "Big Box" stores, which take more money OUT of local economies, by sending the profits to wherever the home office is, than it puts into them via employment. The Lowes that opened in my town caused FIVE other hardware stores to close, and I'm willing to bet that those 5 stores, collectively, employed more people than the Lowes does. But at least Lowes allows unionized workers.

Other problematic entries -

Home Depot is RABIDLY anti-union ... I call them Home DESPOT.

RUPERT MURDOCH??!! Newscorp?! Really? REALLY? Do I need to point out what's wrong with this? How many locally-owned newspapers, radio & TV stations has Newscorp absorbed? I think the kind of work you do, and the effect it has on the rest of the nation's economy matters, don't you?

Yes I have big problems with those too. Monopoly is really bad. AND small and local businesses create more jobs today than big business. So youre right. But I was just trying to show that these businesses were founded by middle class people not the corporations or rich. We need a trust buster like Teddy Roosevelt. The last guy to bust a monopoly was Jimmy Carter. Then Reagan started the merger mania.

Erik300's picture
Erik300
Joined:
Apr. 2, 2010 9:44 am

When the real collapse comes shortly (was delayed by the bailouts of '08) then we'll have probably not much of anything other than small local businesses and the situation will be righted ... or maybe that's lefted. Sometimes to here the Republicans talk you wonder if they flunked out of business school... fact is they probably never went to business school.

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captbebops
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Jul. 31, 2007 3:01 pm

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