WallStreetVixen
Well-known member
- Joined
- Oct 7, 2014
- Messages
- 715
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- Location
- New York City/London
- Gender
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- Political Leaning
- Other
We have a huge trade deficit and have had one for decades. The net result of that is a net transfer of wealth away from the U.S. By the way, the chicken came before the egg. Jobs don't create wealth. Jobs are created because wealth was created and a business needs more people to continue the process. In your scenario a company could simply hire people to enjoy more wealth when the opposite is more likely.
I never said jobs created wealth. I said by replacing old jobs with newer ones, you are creating wealth.
Jobs disappear from the economy for several reasons, but mostly good reasons. It's because they aren't providing any value to anyone.