Here's a good video from the Wall Street Journal on the role that firms have in job creation. This is especially relevant to where we are in class, and with the Occupy Wall Street campaign. How does this video relate to the circular flow model from the start of the semester? If a company maximizes its profit this implies that it minimize costs (which includes money spent on hiring people). Do companies do what is best (from society's point of view) by maximizing profits?
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