General Discussion
In reply to the discussion: Mayor abruptly slashes wages to minimum for Scranton City Workers [View all]PETRUS
(3,678 posts)That's not the only reason why your suggestion "to think about this first at the smallest possible level" is flawed, but it might be the most important one to point out.
Scranton's problem is that $1.5 trillion dollars worth of annual demand was pulled out of the US economy following the collapse of the housing bubble. This has much more to do with Wall Street, the Federal Reserve and various DC policy makers than it does with Scranton's residents.
You seem to be among the people who have been tricked into believing the problem is that we're poor, and therefore we must tighten our belts. This is not the problem. We are rich. National income is close to $50,000 dollars per person, and I mean every person - man, woman, child, newborn baby. Businesses sit on trillions and unemployment is high because we are able to meet demand and still have idle capacity. This is a situation of abundance. The problem has to do with distribution.