Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
I'm starting this thread to discuss the Economic impact our current income distribution has on our economy.
Does the current income distribution in our country hurt business? Would an economy where the Middle and Lower class have more disposable income be better?
My conclusion is yes. Americans need more disposable income to drive business in turn driving the economy.
I suspect the answer to the question will depend greatly on how far you're willing to kick the can down the road. Ostensibly, you can keep consumer consumption high on the power of extending credit that the consumer could never hope to pay back. Someday, of course, the bill will come due, and that's when the compression in the economy will be felt.
Incomes are not rising as fast as prices so people have less disposable income.
Life these days is full of monthly subscription costs. Didn't used to be that way.
TV was FREE and phone costs were minimal just to name two.
Nowdays you have cable and cellphone bills in the hundreds of dollars.
That's just the fact of life.
I suspect the answer to the question will depend greatly on how far you're willing to kick the can down the road. Ostensibly, you can keep consumer consumption high on the power of extending credit that the consumer could never hope to pay back. Someday, of course, the bill will come due, and that's when the compression in the economy will be felt.
I feel you bring up a good point. It seems that's what we're currently intent on doing.
I believe more incentives should be given to businesses to invest in their employees. I'd be fine with tax incentives being given to corporations as long as its benefiting the American people.
Henry Ford had this figured out 100 years ago. Give workers more money (via wages) to spend, and they'll spend more money.
This is the garbage they teach in school..
Henry Ford figured out that if he pays his employees more, The turn over would drop in 1/2, thereby saving himself more money than the extra labor he was paying..
I feel you bring up a good point. It seems that's what we're currently intent on doing.
I believe more incentives should be given to businesses to invest in their employees. I'd be fine with tax incentives being given to corporations as long as its benefiting the American people.
Small to medium is the back bone of employment.
Giving more incentives to corporations like GE, Monsanto, Verizon will not make an impact.
I'm starting this thread to discuss the Economic impact our current income distribution has on our economy.
Does the current income distribution in our country hurt business? Would an economy where the Middle and Lower class have more disposable income be better?
My conclusion is yes. Americans need more disposable income to drive business in turn driving the economy.
Helicopter financing didn't work in Japan, why would it work here?
Yes, turnover/attrition was a major concern, but the $5/day wage was instrumental in increasing wages across the board, thus enlarging the middle class.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Current income distribution bad for business
