"Don't let anybody tell you that, you know, it's corporations and businesses that create jobs.”

Eli,

Mrs. Clinton is taking a lot of unjustified (in my view) flak for her comment, "Don't let anybody tell you that, you know, it's corporations and businesses that create jobs.”

She was making completely silly remarks about the minimum wage, then the "Don't let anybody tell you that, you know, it's corporations and businesses that create jobs,” then some straw man remarks on trickle down economics. If I were to take issue with anything she said it would be the nonsense that somehow price increases for labor has no impact on demand at the low end of the wage scale.

I think there is great validity in the assertion, "Don't let anybody tell you that, you know, it's corporations and businesses that create jobs.” A corporation doesn't create a job then hand it out like a lollipop to deserving beggars. Jobs are created by a transaction. Corporations hire workers because they need the workers and agree upon the price. At a certain price, the corporation NEEDS the worker. The worker agrees to work at that price. Without the agreement, the transaction, there is no job.

My daughter, fresh out of college created a job, in partnership with her current employer. The employer got her time and skills. She got money and benefits. The transaction created the job. If the price she demanded was $1 million dollars per year there would not have been job creation. If the employer offered $5,000 per year there would not have been job creation. They met somewhere between the extremes and a job was created.

(Parenthetically, putting a floor on the transaction price is why mandatory mum wages result in job destruction).

My son, working at a minimum wage job went through the same negotiation, as did I. Corporations don't create jobs on their own. I would prefer the critics focus on Mrs. Clinton's blather about the minimum wage.

Bill