Originally posted by projectvxnThe impetus of business isn't to hire people. It's to create profit and expand. Hiring is a necessary by-product of that cycle, but not the purpose of it.
The following is my opinion as a member participating in this discussion.
I believe that another thing you failed to take into account, is that if you look over the list of the richest people and the companies in the US, the majority of them are either in the Tech market or in finance.
These two fields do not normally require a vast overhead in personnel as they don't produce a tangible physically distributable product. Since there is no manufacturing or logistics involved, these groups can accumulate vast amounts of wealth while generating very little in the way of job growth.
So if you compare the number of jobs at a major manufacturer, like an automaker, to a company that produces a product that can be distributed online, or a financial company, you'll find a huge disparity in the number of people employed or jobs produced via profits.
So in effect, your cycle has been broken.
As an ATS Staff Member, I will not moderate in threads such as this where I have participated as a member.
