Le Jacquelope
Loves Spam
- Joined
- Apr 9, 2003
- Posts
- 76,445
Meaning, shouldn't society be catering to the whims and economic desires of the working class, so they can buy and save and invest and enrich the fat cats?
Instead of thinking about what trade policies will benefit corporations, how about basing trade policies on what will land lots of higher paying jobs for the workers?
I was the one who said houses were overpriced, I predicted the housing crisis when everyone said it wasn't gonna happen, and when the subprime crisis started, I came back and said it would grow into a panic. And it all came to pass.
Now I'm warning y'all ... the solution to this is trickle-up economics.
We need to restore the employee's market, or you will never see a recovery.
India and China continue to force wages down, worldwide, to compete against them, and even if there was no credit crunch, standards of living were already doomed to drop, dramatically.
At the heart of the financial crisis we're dealing with now, is shrinking standards of living. Consumer spending is down when credit debt and consumer loans are factored out.
Under trickle-down economics, the only way we're going to hold on to most jobs in America, is to lower our wages to China and India's level. Otherwise, inevitably, every job that is mobile, will leave America, and we'll be left with domestically tied-down jobs that, for the most part, pay only a fraction of what the jobs that moved overseas paid before.
Don't believe me - look at the consumer spending.
We need to bring back those millions of good paying jobs that left - those majority of jobs that did not get phased out due to automation or obsolescence, and which are still being done but which Americans are being denied access to due to discrimination.
As I said before, we need to establish a Western trading block and totally blockade the sweatshop states of Asia. No trade with countries that have lackluster workplace safety laws, no trade with undemocratic nations, no trade with countries that have lackluster environmental protection laws, etc.
When employers are scrambling for employees, employers have more customers beating down their doors. When employees are fighting amongst themselves over jobs, employers go under because fewer people can afford their stuff. It's happening right now because of Trickle-Down economics.
Time for a change... time for trickle-up.
Instead of thinking about what trade policies will benefit corporations, how about basing trade policies on what will land lots of higher paying jobs for the workers?
I was the one who said houses were overpriced, I predicted the housing crisis when everyone said it wasn't gonna happen, and when the subprime crisis started, I came back and said it would grow into a panic. And it all came to pass.
Now I'm warning y'all ... the solution to this is trickle-up economics.
We need to restore the employee's market, or you will never see a recovery.
India and China continue to force wages down, worldwide, to compete against them, and even if there was no credit crunch, standards of living were already doomed to drop, dramatically.
At the heart of the financial crisis we're dealing with now, is shrinking standards of living. Consumer spending is down when credit debt and consumer loans are factored out.
Under trickle-down economics, the only way we're going to hold on to most jobs in America, is to lower our wages to China and India's level. Otherwise, inevitably, every job that is mobile, will leave America, and we'll be left with domestically tied-down jobs that, for the most part, pay only a fraction of what the jobs that moved overseas paid before.
Don't believe me - look at the consumer spending.
We need to bring back those millions of good paying jobs that left - those majority of jobs that did not get phased out due to automation or obsolescence, and which are still being done but which Americans are being denied access to due to discrimination.
As I said before, we need to establish a Western trading block and totally blockade the sweatshop states of Asia. No trade with countries that have lackluster workplace safety laws, no trade with undemocratic nations, no trade with countries that have lackluster environmental protection laws, etc.
When employers are scrambling for employees, employers have more customers beating down their doors. When employees are fighting amongst themselves over jobs, employers go under because fewer people can afford their stuff. It's happening right now because of Trickle-Down economics.
Time for a change... time for trickle-up.
