I read that demand for goods or services creates jobs. NOT demands from people looking for work creates jobs.Trying to say that people LOOKING for work creates jobs is just plain silly.
Of course.
Demand does not equal jobs in an age when most things are made with little ( or less and less ) human intervention every day.
Conversely, without demand all that automation and human intervention, as little as it may be, will be useless.
Productivity is up largely because of the increased automation in almost every sector.
Not neccessarily. Human productivity is up, but wages are stagnant or even down. Downsizing, fewer unions, off shoring, longer hours, fewer people being made to do the same or more work etc etc etc.
This is what years of buying into the supply side economics myth has done for us. Even China is beginning to look at raising wages to create consumers.
Couple of interesting articles.
http://www.psychologytoday.com/blog/cutting-edge-leadership/201103/productivity-is-wages-are-down-what-s-0
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=au7tdjzgHks8