Under Obama, we’re off to our best Private-Sector Job Growth since 1999 - Inform the republicans and

[Koios]

59. Hmmm ...

In truth, Walmarts and fast food joints are on the rise, because they serve markets with less disposable income. Walmart obviously is the choice of folks on tighter budgets. Fast food, too, has evolved to a point that it feeds a family more cheaply than healthy foods at the grocery store. Moreover, with dual incomes needed to barely make ends meet, preparing a healthy family dinner is often not an option.

We need to raise wages; it worked once before. Once was a time that common labor in factories was the burger flipper of its day. Then they demanded more pay, for less work even (5 day work week). Now we miss those jobs, which is stupid in fact. What we really miss is their paychecks. Raise service worker pay to a level that small businesses can thrive selling stuff to workers, and problem solved.

In short, our value is not the work we do, per se. It's what we make, and spent back into the economy. Proof of that is in the fact that we haven't least bit of problem getting work done; in fact, there's a glut of people wanting to do the work. The problem is too few customers coming into store, and spending their paychecks.

And the irony is, no fancy Billion Dollar spending programs are needed. Just change the law, from $7.25 to about $12 / hr. And since that would move people from "working poor" to "tax payers," government in fact would get more money, and not spend more money, on Band-Aid nonsense (creates jobs only as long as the spending lasts). Conversely, a higher wage minimum is self sustaining; it raises consumption, and actually grows the market that Capitalist invest in. If enterprises have a market for their stuff, Capitalist flock to invest in them faster than cops respond to a hold up at Dunkin Donuts.

Grow the middle class, and all else prospers right along with it. But we're doing stuff exactly backward. Focus on Capital, as if somehow investors will willy-nilly invest it, without regard for whether they're a customer out there who can buy whatever it is they're selling.

It's just plain stupid, and pure supply-side hogwash, which Obama has fallen victim of.