Reply to post: Re: Who does he think his customers are, if not employed people

Raising minimum wage will raise something else: An army of robots taking away folks' jobs

GruntyMcPugh Silver badge

Re: Who does he think his customers are, if not employed people

No, wealth is what your money buys you, food in your cupboard, clothes on your back. The money you spend is then spent by somebody else, and they get something, and the revenue from that sale moves on, etc etc. Money moving creates wealth. Money going offshore does not. Maybe you don't remember the closure of the coal mines in the UK. It wasn't just the mines that closed, but a lot of the local service industry, Thriving wealthy communities ground to a halt, because money was no longer moving through them. If you think the financial system creates wealth you are crazy, we profit by what we dig out of the ground, and what shines out of the sky, everything else is derived from that. Gambling of stock prices doesn't actually create anything, that is just data, and you cannot eat it or wear it.

POST COMMENT House rules

Not a member of The Register? Create a new account here.

  • Enter your comment

  • Add an icon

Anonymous cowards cannot choose their icon