How many jobs have been created by the richest people in this country?

[ProfJohn]

So I wanted to figure out if the richest people in this country give more to society than they take and I figured the easiest way to do this is to compare their wealth to the number of jobs they have created via the companies they founded.

By dividing their wealth into the number of jobs created we can come up with a figure that will allow us to easily compare them to each other and give us a rough estimate of how much they are giving to society in terms of jobs vs how much they take via personal wealth.

In order to make it easy I only did this for the 5 richest.

Call this a counter thread to all the 'rich are evil' threads we have on this site.

1. Bill Gates worth $57 billion
co-founder of Microsoft which provides about 89,000 jobs world wide.
$640,000 in wealth for every person employed.

2. Warren Buffet $50 billion
Took over Berkshire Hathaway and built it into a huge company with 203,000 jobs
$203,000 in wealth for every person employed.

3. Larry Ellison $27 billion
Founded Oracle which provides 74,000 jobs
$364,000 in wealth for every person employed

4. The four Walton children $93 billion combined.
Father founded Wal-Mart which provides 2,100,000 jobs
$44,000 in wealth for every job provided

5. Michael Bloomberg $20 billion
Founded Bloomberg LP which providees 10,000 jobs
$2 million in wealth for every job provided.

As a group these 8 people provide jobs to 2.5 million people. Think of it this way... nearly 1 out of every 120 Americans works for one of the companies founded by these 8 people. And when you look at the size of the work force vs the number of people employed by these companies it becomes even more interesting. There are about 145 million people with jobs in this country, which means about 1 out of every 60 people with jobs work for a company founded by one of these 8 people.

 

[feralkid]

I predict you'll win the award again this year.

 

[StageLeft]

Another question is how many jobs have been given by poor people? The only jobs they give are to government workers who have to manage their cases.

 

[Patranus]

Um...
...Microsoft has 91,259 employees...
...William Henry Gates III is *only* worth $40 billion...
...$438,312.93 per employee.

You figure is 46% more than the actual figure...

Note: This figure does not account for the additional employment opportunities created by other business partnerships and charitable foundations.

Microsoft Facts: http://www.microsoft.com/presspass/inside_ms.mspx
Net Worth: http://www.forbes.com/2009/03/...billionaires_land.html

 

[brandonbull]

Originally posted by: ProfJohn
So I wanted to figure out if the richest people in this country give more to society than they take and I figured the easiest way to do this is to compare their wealth to the number of jobs they have created via the companies they founded.

By dividing their wealth into the number of jobs created we can come up with a figure that will allow us to easily compare them to each other and give us a rough estimate of how much they are giving to society in terms of jobs vs how much they take via personal wealth.

In order to make it easy I only did this for the 5 richest.

Call this a counter thread to all the 'rich are evil' threads we have on this site.

1. Bill Gates worth $57 billion
co-founder of Microsoft which provides about 89,000 jobs world wide.
$640,000 in wealth for every person employed.

2. Warren Buffet $50 billion
Took over Berkshire Hathaway and built it into a huge company with 203,000 jobs
$203,000 in wealth for every person employed.

3. Larry Ellison $27 billion
Founded Oracle which provides 74,000 jobs
$364,000 in wealth for every person employed

4. The four Walton children $93 billion combined.
Father founded Wal-Mart which provides 2,100,000 jobs
$44,000 in wealth for every job provided

5. Michael Bloomberg $20 billion
Founded Bloomberg LP which providees 10,000 jobs
$2 million in wealth for every job provided.

As a group these 8 people provide jobs to 2.5 million people. Think of it this way... nearly 1 out of every 120 Americans works for one of the companies founded by these 8 people. And when you look at the size of the work force vs the number of people employed by these companies it becomes even more interesting. There are about 145 million people with jobs in this country, which means about 1 out of every 60 people with jobs work for a company founded by one of these 8 people.

That shows you they make more off the people than they give. I doubt Bloomberg is paying each employee > $2 million.

Is that the point you are trying to make?

 

[Patranus]

Originally posted by: brandonbull
That shows you they make more off the people than they give.

Isn't that how you make money?

 

[smashp]

I think the Theme of this thread is "Bitches better enjoy their Cake"

 

[ProfJohn]

Originally posted by: Patranus
Um...
...Microsoft has 91,259 employees...
...William Henry Gates III is *only* worth $40 billion...
...$438,312.93 per employee.

You figure is 46% more than the actual figure...

Note: This figure does not account for the additional employment opportunities created by other business partnerships and charitable foundations.

Microsoft Facts: http://www.microsoft.com/presspass/inside_ms.mspx
Net Worth: http://www.forbes.com/2009/03/...billionaires_land.html

My figures came from Wiki and Forbes 400 from last fall.

If my math is wrong it is because of the data I used is different than the data you used and not some intentional slight on my behalf.

 

[Infohawk]

It's not really useful to focus on this issue. Free market economies are not about just rewards and whether people deserve what they have (either employees or employers). The point of a free market is that it's more efficient and better for society as a whole to have private people manage their money and capital as they see fit.

 

[SunSamurai]

Was there a point to this? You did a bunch of dividing and number gathering with no real point to it.

 

[waggy]

ok..you are just counting the jobs they do. what about the jobs that MS products help with? what the home?

really its a idiotic posting.

 

[theeedude]

What is the point of this post, that Bill Gates made $640,000 in personal wealth off every person MS employed?

 

[Craig234]

It's this cultish worship of the rich, as if Bill Gates is the sole person who has provided any value and just created all those jobs by himeslf.

Rather than being someone who has hugely benefitted under our system from the productivity of those tens of thousands of people and millions of customers.

It's as if he's arguing that without Bill Gates, none of those people would have done anything but go hungry.

Bill Gates did something good, and he did create some wealth, but PJ's cult worship is hugely out of proportion with what Gates and the others did.

Not to mention how often the extremely wealthy actually do things tht are bad for society to profit themselves.

Do we really need a refresher on 'the high cost of low prices' at Wal-Mart? Wal-Mart has a very mixed record on providing value versus a destructive impact, extracting wealth.

 

[techs]

Originally posted by: ProfJohn
So I wanted to figure out if the richest people in this country give more to society than they take and I figured the easiest way to do this is to compare their wealth to the number of jobs they have created via the companies they founded.

By dividing their wealth into the number of jobs created we can come up with a figure that will allow us to easily compare them to each other and give us a rough estimate of how much they are giving to society in terms of jobs vs how much they take via personal wealth.

In order to make it easy I only did this for the 5 richest.

Call this a counter thread to all the 'rich are evil' threads we have on this site.

1. Bill Gates worth $57 billion
co-founder of Microsoft which provides about 89,000 jobs world wide.
$640,000 in wealth for every person employed.

2. Warren Buffet $50 billion
Took over Berkshire Hathaway and built it into a huge company with 203,000 jobs
$203,000 in wealth for every person employed.

3. Larry Ellison $27 billion
Founded Oracle which provides 74,000 jobs
$364,000 in wealth for every person employed

4. The four Walton children $93 billion combined.
Father founded Wal-Mart which provides 2,100,000 jobs
$44,000 in wealth for every job provided

5. Michael Bloomberg $20 billion
Founded Bloomberg LP which providees 10,000 jobs
$2 million in wealth for every job provided.

As a group these 8 people provide jobs to 2.5 million people. Think of it this way... nearly 1 out of every 120 Americans works for one of the companies founded by these 8 people. And when you look at the size of the work force vs the number of people employed by these companies it becomes even more interesting. There are about 145 million people with jobs in this country, which means about 1 out of every 60 people with jobs work for a company founded by one of these 8 people.

HAHA.

Try these numbers on for size:
Each of Bill Gates 89,000 employees earned him 640,000 dollars. So basically Gates gets to keep the money. And the employees get a thank you.

Michael Bloombergs 10,000 employees earned him 2 million dollars each. If only he let them keep half that ALL 10,000 would be millionaires.

HAHA.

Edit: Oh yeah, Bill Gates company has been convicted or admitted to numerous anti-trust, unfair busienss and just plain criminal practices, etc. Causing tens of thousand of people to lose their jobs and their savings!

 

[JSt0rm]

soo let me get this straight...PJ self pwned AGAIN. lol

 

[Patranus]

Originally posted by: techs
HAHA.

Try these numbers on for size:
Each of Bill Gates 89,000 employees earned him 640,000 dollars. So basically Gates gets to keep the money. And the employees get a thank you.

Michael Bloombergs 10,000 employees earned him 2 million dollars each. If only he let them keep half that ALL 10,000 would be millionaires.

HAHA. [/b]

Edit: Oh yeah, Bill Gates company has been convicted or admitted to numerous anti-trust, unfair busienss and just plain criminal practices, etc. Causing tens of thousand of people to lose their jobs and their savings!

If an employee thinks that the services they provide are worth more money than they should demand it from their employer. If their employer doesn't what to pay the employee what the employee thinks is fair than the employee can find another...better paying job. Furthermore, if an employee thinks they can make a better product, nothing is stopping them from starting their own company. Sure there are some non-compete contracts and they can't use Microsofts intellectual property but nothing is stopping them from having an idea, marketing it, and making billions off that idea.

 

[her209]

Is it PJ's contention that the higher net worth per employee someone has, the more they contribute to society?

 

[techs]

Originally posted by: JSt0rm01
soo let me get this straight...PJ self pwned AGAIN. lol

Pretty much.
Of course, he may be saying that no one would write operating systems or software for personal computers if Bill Gates wasn't around, or that there wouldn't be large box store retailers if WalMart wasn't around, but even PJ is not THAT stupid, is he?
Because none of the people he mentioned actually created jobs that wouldn't have existed. They just basically were the one who currently control them, instead of their competitors.

Oops. Sorry, PJ, you're pwned again.

 

[SammyJr]

You assume that these rich guys did it all by themselves and the employment of their individual employees was an act of charity and not necessary.

None of these guys would be anything without their employees providing the product and/or services that they sell. And none of these employees would be useful without the education and experience they received elsewhere, including at Government schools.

You also ignore that many of these guys were in the right place at the right time, often thanks to familial wealth and connections. Bill Gates wasn't a nobody from nowhere - his father was on the Washington State Supreme Court and a very accomplished lawyer.

The self-made man thing is 100% bullshit. We all depend on or have depended on others no matter our current wealth or lack there of.

 

[Red Dawn]

Originally posted by: ProfJohn
So I wanted to figure out if the richest people in this country give more to society than they take and I figured the easiest way to do this is to compare their wealth to the number of jobs they have created via the companies they founded.

By dividing their wealth into the number of jobs created we can come up with a figure that will allow us to easily compare them to each other and give us a rough estimate of how much they are giving to society in terms of jobs vs how much they take via personal wealth.

In order to make it easy I only did this for the 5 richest.

Call this a counter thread to all the 'rich are evil' threads we have on this site.

1. Bill Gates worth $57 billion
co-founder of Microsoft which provides about 89,000 jobs world wide.
$640,000 in wealth for every person employed.

2. Warren Buffet $50 billion
Took over Berkshire Hathaway and built it into a huge company with 203,000 jobs
$203,000 in wealth for every person employed.

3. Larry Ellison $27 billion
Founded Oracle which provides 74,000 jobs
$364,000 in wealth for every person employed

4. The four Walton children $93 billion combined.
Father founded Wal-Mart which provides 2,100,000 jobs
$44,000 in wealth for every job provided

5. Michael Bloomberg $20 billion
Founded Bloomberg LP which providees 10,000 jobs
$2 million in wealth for every job provided.

As a group these 8 people provide jobs to 2.5 million people. Think of it this way... nearly 1 out of every 120 Americans works for one of the companies founded by these 8 people. And when you look at the size of the work force vs the number of people employed by these companies it becomes even more interesting. There are about 145 million people with jobs in this country, which means about 1 out of every 60 people with jobs work for a company founded by one of these 8 people.

Bow before you Wealthy Overlords ProJo. Don't forget your chapstick.

 

[techs]

4. The four Walton children $93 billion combined.
Father founded Wal-Mart which provides 2,100,000 jobs
$44,000 in wealth for every job provided

BULLSHIT
WalMart leeched away business from dozens of smaller chain stores and some national ones like Sear and K-Mart etc.
And Walmart's business model is to have FEWER employees than their competitiors to keep costs down.
So how many jobs were LOST at other companies? Many. Certainly more than Walmart created since Walmart sells goods with a lower labor cost than the others.
Due to population growth, Walmart may have overcome the number of jobs that it reduced in other chain stores, but of that I have no exact figures.

So basically asshats claim Walmart "created" a job when it was just a job that came from a competitor? And when the Walmart job came with a lower salary and lower benefits"
Hooray for freakin WalMart?
Piss on anyone who wants to hold Walmart out as an example of how rich people "create" jobs.

 

[Patranus]

Originally posted by: techs
So basically asshats claim Walmart "created" a job when it was just a job that came from a competitor?

Just like all those jobs "saved" by Obama?

Look if you don't like Walmart, DON'T SHOP THERE, but don't tell me how to spend MY money.

 

[techs]

Originally posted by: Patranus

Originally posted by: techs
So basically asshats claim Walmart "created" a job when it was just a job that came from a competitor?

Just like all those jobs "saved" by Obama?

Look if you don't like Walmart, DON'T SHOP THERE, but don't tell me how to spend MY money.

wtf? Try following along the entire thread.
It will make you look, well, not goofy.

 

[Atomic Playboy]

Originally posted by: ProfJohn
By dividing their wealth into the number of jobs created we can come up with a figure that will allow us to easily compare them to each other and give us a rough estimate of how much they are giving to society in terms of jobs vs how much they take via personal wealth.

The problem with your math lies here. By dividing the wealth they currently have by the number of people employed at those companies, you aren't showing how much they are giving versus how much they take; you are showing how much wealth they personally have accumulated per employee. This doesn't begin to address the question of how much they give to society in terms of jobs because you do not assign a value to the jobs they provide.

Also, you say that they employ a certain number of people worldwide then turn around and use those figures to say they employ x% of Americans. But what if 2,000,000 of those Wal-Mart jobs were in India? That's not exactly employing Americans. Without using the actual numbers of people employed by these companies domestically, you can't make the claim that they employ a certain percentage of Americans.

 

[ProfJohn]

Originally posted by: Atomic Playboy

Originally posted by: ProfJohn
By dividing their wealth into the number of jobs created we can come up with a figure that will allow us to easily compare them to each other and give us a rough estimate of how much they are giving to society in terms of jobs vs how much they take via personal wealth.

The problem with your math lies here. By dividing the wealth they currently have by the number of people employed at those companies, you aren't showing how much they are giving versus how much they take; you are showing how much wealth they personally have accumulated per employee. This doesn't begin to address the question of how much they give to society in terms of jobs because you do not assign a value to the jobs they provide.

Also, you say that they employ a certain number of people worldwide then turn around and use those figures to say they employ x% of Americans. But what if 2,000,000 of those Wal-Mart jobs were in India? That's not exactly employing Americans. Without using the actual numbers of people employed by these companies domestically, you can't make the claim that they employ a certain percentage of Americans.

I used the numbers I got off wiki, was not going to dig for US employees.

It is really hard to assign a dollar figure to all the jobs and wealth they have created. Bill Gates' wealth is only a quarter of the total value of Microsoft. And then how many countless millions or billions of dollars have been created by companies that benefited from Microsoft?