Hacker News new | ask | show | jobs
by vomjom 6082 days ago
That's not completely true.

Spending increases the velocity of money ( http://en.wikipedia.org/wiki/Velocity_of_money ) which can, in the short term, increase employment.

1 comments

Saving/investment also increases employment as the borrowers use it to increase their capital (buy more machinery etc), which needs extra employment.