God if it was sunny out you'd see a face palm.Not true. When Productivity and Profits go up 72% and Wages go up 9.2%, there is space in between.
The fallacy in Macro Economics you cite is put out there by people who want you to accept Billionaire CEOs,Stock Buy Backs, and the Stock Market as an indicator of economic health.
If the Highest Stock Market Ever could not protect a majority of people from running out of money within 2 weeks of economic hardship, wages, productivity, and profit are not in balance.
Guess where the terminology of "Trickle Down" starts to come into play as working Americans are conditioned to believe that if you let people get super wealthy, that you somehow benefit when you would not otherwise.
The world does not have to be how it is today. Higher wages do not mean higher cost.
My Dad was able to raise 5 kids in the early 1970s on one income. The cost of goods was not crippling because he made a fair wage for his productivity.
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