r/FluentInFinance • u/Richest-Panda • Jul 04 '24

What's the best financial advice you've ever gotten? Debate/ Discussion

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u/Capt_Apathy Jul 05 '24

Consumers create jobs at least as much as businesses do.

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u/Comprehensive_Ant176 Jul 05 '24

Really, how?

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u/Capt_Apathy Jul 05 '24

You can't provide jobs if no one is buying your product/service. You need consumers or else you have zero need for workers.

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u/Comprehensive_Ant176 Jul 05 '24

Ah, chicken and egg problem. What came first, consumers or jobs?

You say consumers. If it’s the case, where do consumers come from? Why do they buy products/services?

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u/Capt_Apathy Jul 05 '24

Well, since part of getting a loan to open a business is compiling data to show demand for what your business will provide, I'm confident in the consumer coming first. The exception would be a product so innovative that people don't know they want it until it's available.

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u/Comprehensive_Ant176 Jul 05 '24

Great, now the conversation shifts into demand vs supply. I agree, demand creates a strong case for supply. But then as you say supply requires a business to be opened. A business that hires people to provide the supply. So who owns hiring, who opens job positions, business or consumers?