The US economy has progressively become more and more lopsided in favor
of the rich ever since the Reagan administration. Improvements have not
raised everyone's boat. Some solutions are poor like raising the minimum
wage won't help a lot since businesses will just increase their prices
(usually way too much) to compensate.
Minimum wage jobs were intended for students and part time casual and
unskilled workers. Even then back in the day one could still rent a
house (or even buy), afford a car, dine out, go to movies on a minimum
wage income. No more. Greed took over.
As far as I can see the only solution is a total economic collapse
taking out the rich as well. Basically a reboot of the economy.
On 06/29/2016 10:11 PM, rajawilliamsm...@yahoo.com [FairfieldLife] wrote:
The median home income should be way up, more women are making much
more money at least until 2007, more two income families. More people
in the world are much wealthier, China, South American countries. and
there is a lot of neat things we have with tremendous value, smart
phones for example, which we didn't have in 1973. A lot of what
wealthy people own is really at service to society, stocks in
companies, but we do have to look at excessive use of natural
resources, like ozone.