Loading ...The USA had none of these problems in the ’50s ’60s and into the ’70s. Highschool graduates were SWIMMING in money at $1.50 to $2.50/hr. Everything we bought was made in USA. We paid our nearby neighbors for our needs. And they paid us. Our massive middle class pay checks were so big at $1.50 to $3.50/hr, that the US gov’t and the country as a whole, had budget surpluses.
The people running things are not qualified. 21% interest rates in 1980, and 0% interest rates these days, were simply both a “rain dance” of hope re Paul Volker and helicopter Ben’s followers. Qualified leaders, don’t work for the gov’t. They are worth too much more and usually have there own businesses.
A reversal of that is Trump today. But probably too late, and even he is not focused on the masses amounts of “take home pay” versus adequate pay and tax receipts. I heard him say, he would not want higher minimum wage. So, he’s either not up to speed, or he’s not in charge. And almost four years later, everything we buy is still coming from China.
Free things from China? Camel crickets, Asian long horn beetle, fish that jump out of the water and hit you in the head, and now the icing on the cup cake, Corvid 19 and a further destroyed economy, rioting idiots on the streets, and burned out buildings.
Blacks paychecks matter. All the lowest paychecks matter. Money itself matters. Everything else comes after money.
We don’t have a real capitalist system. Its fake. Not organic, not natural or unfettered. Its a man made manually adjusted system, so fake artificial things have to be done, but the managers are not qualified or up to speed. Replacing the invisible hand of capitalism (gold silver copper money) only worked short term. (100 years)
Eventually they’ll figure it all out.