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FarLeftFist

(6,161 posts)
Tue Jul 24, 2012, 01:50 PM Jul 2012

NO, SERIOUSLY, the rich are NOT job creators, the MIDDLE CLASS are. Here's proof:

This also shreds the notion that raising taxes on those who make $250k/yr ($300k/yr before deductions) will kill jobs. It will only affect 2.3% of Small Business owners.

The Average Income of Small Business Owners

Average Income by Experience

According to compensation survey administrator PayScale in 2010, the average income of small business owners varies widely depending upon their level of experience. For example, small business owners with less than one year of experience in running an organization earn an annual salary ranging from $34,392 to $75,076. Those with more than 10 years experience, on the other hand, earn upwards of $105,757 per year.

Average Income by Gender

The average income of small business owners is also affected by gender. Males earn a median annual salary that far surpassed their female counterparts. Payscale’s report indicated that men who own small businesses earn a salary that ranges from $42,575 to $96,111. Women, on the other hand, only earn $31,380 to $71,140 every year.

Average Income by Industry

The industry in which a small business operates also affects the average income of his owner. Some industries pay far more than others. For example, entrepreneurs who owned electrical contracting businesses make salaries that range from $49,910 to $114,000 each year. Child care providers, in contrast, make anywhere between $19,792 and $61,674 annually.

Average Income by Region

The region in which a small business is located also affects the average income of its owners. A report issued by PayScale indicated that entrepreneurs employed on the coasts earn more than their counterparts in the South and Midwest. Entrepreneurs in New York, for example, earned a median yearly salary upwards of $125,185, while those in Georgia top out at $75,500.

Link: http://smallbusiness.chron.com/average-income-small-business-owners-5189.html

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NO, SERIOUSLY, the rich are NOT job creators, the MIDDLE CLASS are. Here's proof: (Original Post) FarLeftFist Jul 2012 OP
Nobody goes into business to create jobs, period TheCowsCameHome Jul 2012 #1
the proletariat are the actual "job creators" BOG PERSON Jul 2012 #2
Is "necessary" always "sufficient"? Igel Jul 2012 #3

BOG PERSON

(2,916 posts)
2. the proletariat are the actual "job creators"
Tue Jul 24, 2012, 02:25 PM
Jul 2012

because they produce the surplus-value necessary for expanded reproduction. they also create the relative surplus population that depresses wages (and thereby "creates" jobs)

Igel

(35,320 posts)
3. Is "necessary" always "sufficient"?
Tue Jul 24, 2012, 04:52 PM
Jul 2012

No. Business owners do look at expanded demand and sometimes say it's not worth expanding. The demand may be temporary or the increased revenues not sufficient for a new employee or new infrastructure.

And that's just for "expanded production." The proletariat does a really crappy job of dictating these things. The other people also have a say.

Consider computers. When I started, the first PC hadn't been shipped. Creator-produced demand created a small buzz, so we got two. We didnt' create those jobs. Those jobs created demand, which allowed the jobs to continue. Increased demand allowed--didn't force--IBM to ramp up production. At the time we used PC-DOS and homegrown software. Can we program in Basic? Yes, we can! (And Pascal. And Fortran IV.) But we didn't call forth PC-DOS by saying, "We have a computer. I know, let's say there's something called PC-DOS, demand it at the store, and force somebody to design, produce, ship, and sell it. Let's create that job!"

Same for the off-the-shelf text editor. First hard drive on an expansion card. Remember expansion cards? Network. PC-XT. WYSIWYG editor. PC-AT. Anti-virus program. Windows. Database. SQL upgrade. Looked at my first USB port and thought, "What the hell's that? I'll never use that." I bought stuff, my boss bought stuff, that existed because somebody bought stuff and then paid somebody to make the product so I could buy it or be convinced to buy it.

Now, if you can't create a buzz the product dies or becomes niche--that's if some investor falls for the investment. The investor loses his money. Remember the Amiga? Blitters rule! No? If a creator comes along with a better product, the proletariat are fickle. Betamax, ooh ... No, wait, VHS! But which came first--the demand for VHS or the first piece of equipment that used VHS?

Same with the local radio station I listen to. Which did they have first, an employee or listener? Did Ford have somebody driving his first car before he had his first employee? Yeah, it was hard for people to listen to Galileo say that the Earth wasn't the center of the universe. We only say the Earth revolves around the Sun because the center of both orbits is located inside the Sun itself.

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