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Old 07-18-2012, 06:20 AM
Location: Western North Carolina
5,417 posts, read 8,520,510 times
Reputation: 11910


Originally Posted by andywire View Post
The real question is... Where does it go from here? If consumers are not earning enough, the business community is eventually going to face the same problem. If the consumer has no confidence, they are not going to spend much even if they can afford it. If the business community has no confidence, they are not going to hire unless they have to, and they are going to put plenty more effort to get the cheapest labor rates. No sense in hiring more people if your anticipating demand to decrease. This obviously creates a cycle of decline, or at least one of stagnation.

For awhile, everyone was kind of sitting on their hands and waiting to see what's around the corner. Today, people just seem to be anticipating the worst. The psychology of the economic participants is often underplayed, or ignored completely.
Great Post - consumer confidence, or the lack of it (added with that the lack of disposable income) is a huge part of the problem.

Higher wages overall and hiring of qualified people for gainful, secure employment, here in this country, are the only solution for any meaningful "economic stimulation". The rest is just smoke and mirrors.
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