General Discussion
In reply to the discussion: Explain this wingnuts; VT rated as one of the worst states to do business in: Unemployment 4% [View all]Trust Buster
(7,299 posts)In the 50's, 60's and 70's, wages rose steadily and the America people had the money to drive a robust consumer economy. Since then, we've seen our jobs outsourced to third world economies and the glut of labor created here by those greedy short term policies has been used against us to suppress wages. As a result, consumer demand can't get out of it's own way and businesses, despite carrying $2 trillion in cash on their balance sheets, won't expand without adequate consumer demand to justify said expansion. One would think, this is quite the pickle they put us in ? But not the oligarchy crowd. They think more supply is the answer. More tax cuts and even weaker regulations coupled with more corporate friendly trade deals.
Vermont stands as a shining example of what disposable income in the pockets of the worker can achieve. Like compound interest in a savings account, increased disposable income in the consumer's pocket creates a necessary multiplier effect necessary in a healthy economy despite what the oligarchy is currently shoveling.