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Sorry, Donald, rich people like you and me actually don't create the jobs

One of the seemingly less-controversial things that Republican nominee Donald Trump says on the campaign trail is that, as a successful businessman, he has "created thousands of jobs." That is a common refrain among entrepreneurs, investors, and executives like Trump: "Rich people create the jobs." It sounds persuasive. It just doesn't happen to be true. The story that "rich people create the jobs" goes like this: By starting and directing America's growth companies — and hiring the people who staff them — entrepreneurs and investors create the jobs that sustain everyone else.
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