Well DUH!!!! But empirical proof is always a good thing to have when trying to prove a point. The point here? The Rich Suck! Well, not all of them, but too many are selfish and so greedy that they are hurting the nation to pad their bank accounts. Thats not just Un-American. That is just plain wrong!!! From the article- Five years after the recovery began, unemployment remains high. And the Americans who are lucky enough to be working are getting paid less as a percent of the economy than they ever have in history. Meanwhile, Americas corporations and their owners have never had it better. Corporate profits just hit another all-time high, both in absolute dollars and as a percent of the economy. And U.S. stocks just hit yet another record. Many people seem confused by this juxtaposition. If corporations and shareholders are making such gargantuan piles of money, why is the economy so crappy? The answer is that one companys employees are other companys customers. Americans save almost nothing, so every dollar your employees earn in wages gets spent on other companies products and services (including, in some cases, yours). The less American companies pay their workers, the less American consumers have to spend. And the less American consumers have to spend, the worse the economy is.
Posted on: Thu, 24 Jul 2014 23:32:34 +0000
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