"Sorry, Folks, Rich People Don't Create The Jobs"

[ErikJ]

2. And most startups begin in middle class garages

or kitchens or basement etc. I think they are referring to the very rich who already have successful companies. It seems if you go right down the line of famous co. names they all started by middle upper middle class outsiders often being bought by established big businesses. So it seems the bigger the middle class and the better educated they are the more "seeds" will be created.

Although its the govt. that does the basic research and development of high tech products like the transistor, smart phone and internet.