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0 pointscompass_copium1y ago0 comments

For low-wage employees who spend almost all of their income on goods and services, yes.

For highly compensated employees who save the majority of their money, no.

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5 comments · 2 top-level

nickpp1y ago· 2 in thread

Saved money are also injected back into the economy. They aren’t stored under the mattress. They are in banks, where they are lent out, spent and invested, creating jobs, buying goods and services.

orwin1y ago

You're only 1/3 right. Saved money isn't lent, nor spent (lending is just creating money). It's invested, 95% in the secondary market (probably more in the US). If the secondary market isn't correlated to actual production (and nowadays, it actually isn't, even in mining, prospecting and future are the main beneficiaries, which to me is crazy. One of the only exceptions is the energy sector), that money won't create real jobs.

nickpp1y ago

What do you think those sellers on the secondary markets do with the money they get?

At the end of the investing chain it’s always jobs, products and services - or bank deposits.

Any money not physically hidden in a cash vault or under a mattress takes part in the economy.

thatguy09001y ago· 1 in thread

The solution is simple, crash the economy so there are more people spending their whole paycheck every month

compass_copiumOP1y ago

Looks to be the plan.

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