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Employers aren't and can't be above the basic principles of economics. If supply of labor exceeds demand, of course wages are kept low. That's not what employers can control. It's what labor resources turn out to be. The way to raise wages for the same kind of work is to creat labor shortages. Good luck with that given our current economic realities.
Low wages means no demand for new debt. Now new debt means no more consumption. No more consumption means economic collapse. That is the short version.
Upping the minimum wage by a lot means new unleveraged income. This means more debt. This means more consumption. This means more economic growth.
How about we improve the public schools? Would you love to see every school have AP and IB courses? Ensure that every child has access to the tools needed to ensure they are ready to enter college by the time they graduate high school? It would be even better if it were mandatory for all students to learn a second or third language and spend at least a semester, if not a year, overseas before college. Just some ideas. What are some of your ideas???
How about we improve the public schools? Would you love to see every school have AP and IB courses? Ensure that every child has access to the tools needed to ensure they are ready to enter college by the time they graduate high school? It would be even better if it were mandatory for all students to learn a second or third language and spend at least a semester, if not a year, overseas before college. Just some ideas. What are some of your ideas???
In the short term we simply need to replace the dollar value of the outsourced work. Upping the minimum wage will do that.
In the longer term we need to replace the lost productivity. We need to be making our own stuff.
that was pretty good.
in other words you cant debt your way out of debt.
dont feel lonely france is trying to do the same thing.
keep the good life at any cost.
Costaexpress - you are banging your head against a thick wall named linda_d who is simply a rage-filled poster who rants the same stuff at every opportunity. Anger has fired up many who feel passionately that they are entitled to a much better life than they actually enjoy, for no particular reason other than they "want it".
And if they don't get it then the "system is unfair" so the government ought to even things out.
Maybe it should and maybe it shouldn't...
...but I want to be Queen of England, and that ain't happening either.
Costaexpress - you are banging your head against a thick wall named linda_d who is simply a rage-filled poster who rants the same stuff at every opportunity. Anger has fired up many who feel passionately that they are entitled to a much better life than they actually enjoy, for no particular reason other than they "want it".
And if they don't get it then the "system is unfair" so the government ought to even things out.
Maybe it should and maybe it shouldn't...
...but I want to be Queen of England, and that ain't happening either.
This is the same line of reasoning that the upper classes have used to justify hoarding wealth since money was a thing. Believe it or not, people can be concerned about the welfare of others and believing that egalitarian society is the most universally beneficial isn't always a reflection of one's personal desire for material gain.
People work hard because they are given the opportunity and have cause to believe in their own abilities... saying that everyone has equal opportunity or that the people in power are going out of their way to create as opposed to destroy opportunities is false.
OP: You make some interesting points, but I think you're being optimistic. This country is starting to circle the drain. Massive debt in Fed and many state and local govts., declining personal income, lower labor participation rate, all are negative influences on the US economy in general. I no longer care what happens in states that have promoted more "progressive, high tax policies" My only plan economically, is to keep working and build up assets for when I can't work anymore. I have lost any faith that Social inSecurity will be there and be able to provide a significant portion of my future income in the coming decades. So my plan is to work in states with low state taxes and low unemployment rates, and solid economic growth. I'd advise you to forget fixing the national economy. There is no sense making proposals or suggestions to people who think that higher taxes, more govt. debt and more welfare to lazy people who want to sponge off the govt. is a plan for anything but economic ruin.
Besides, our nations problems go well beyond simple economics. You can't have a strong country where the basics of hard work, thrift, and moral behavior, honesty and personal responsibility are ridiculed as old fashioned and out of date
Socialism is a political "solution" to economic problems that must be solved economically.
That is true. Socialism stopped the grinding poverty layer which was the fall out of Capitalism. Not much else, however a great achievement, but when applied to "full employment" does more. We need an economic system that does not create a grinding poverty layer, where most wealth does not trickle up the pyramid to the few at the top. A fair Capitalist system. There is only one, Geonomics.
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