A businessman does not spend his day considering how a job is to be created. On the contrary, if he is a successful businessman, he spends his time thinking about those activities that he can engage in to produce a profit. Once he has determined the profitable activity, he then channels resources to achieve the desired result: making money.Fred Buzzeo on Job Creation.
It is from this profit motive, this potential increase in productive activity, that jobs are created. As a developer, I do not hire an employee before I have conceived of a construction activity that will earn me a decent return. I hire an employee when I have a productive need for his services. As Say so clearly understood, it is the productive activity that creates the employment that puts money in people's pockets that can then be used to purchase other products.
Markets and Wages (3) Poor - The Instructions for Economic Life put two other restrictions on free markets. *The Poor* Everyone with wealth has an obligation to care for the poor withi...
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