>I was reading something bout this earlier in the year. It made sense then and even more now. The article I read earlier discussed how we have become a nation whose economy is increasingly based on shifting money around, i.e. investing in the stock market, real estate investment, etc. And that there really isn't anyway we can continue down that road.
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>Eventually the corporations whose income is based on selling goods to the US citizen will fall as those on the lower rungs of the economy can no longer afford to buy too many goods.
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>What was that statistic I saw last week. Something about the average CEO pay being 260 times that of the average worker bee.
All true. And the shortsightedness, or as we'd say, "sawing the branch on which they sit", exercised by owners of capital, seems to be endless. The "if I didn't do it, someone else would" logic leads to a disaster when everybody does it. If you keep underpaying and/or firing your workforce, they can't buy your own products (which was the great wisdom of Henry Ford: "if my workers can't buy my cars, who will?"). No matter, everybody else's workers will buy them. But if everybody else does the same, who are your customers then?