Quote:
Originally posted by Hwed
Wake up and smell the international markets, bub. The USA isn't the whole world. On one hand, liberals screech at Bush and blame him for menial jobs being outsourced to other countries... on the other, they want to make our domestic workers so expensive that any company that wants to compete has to look overseas!
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Ok, so are you ready to accept 50 cents an hour so that you can remain "competitive?" Supply-side theory is a relatively recent idea in economics, but it has done tremendous harm to the public conciousness. It has popularized the idea that economic growth is only beneficial when it occurs at the top of the financial food chain, a bewildering thought in any other American historical context. What is the bottom 99% supposed to do? Should the economics of our society function solely for the few that have done little to reward the many during the recent economic boom times? Why have wages fallen during periods of great prosperity? Where is the promised trickle down? It's not as if the last few decades have been lean for business. Huge amounts of wealth have been created....shouldn't some of it go to those on the bottom end who are instrumental in creating it?