Here's a thought from a different angle. What if we have simply become too productive through the use of technology to provide enough gainful employment for 7 billion humans? Kurt Vonnegut imagined a future like this in "Player Piano."
"A witty saying proves nothing." Voltaire
now you are bringing the accrued federal deficit into the discussion as if that has any impact on the kind of negotiations that are needed between labor and management. next will you introduce the amount of rice in china as if that has any bearing on the topic?
Working-age poor people....
Anyone here make minimum wage?
Do you think minimum wage motivates people to try harder and move up in the food chain?
“If we must have an enemy at the head of Government, let it be one whom we can oppose, and for whom we are not responsible, who will not involve our party in the disgrace of his foolish and bad measures.”
- Alexander Hamilton. Spiritual father of #NeverTrump
AUSTAN GOOLSBEE: I think the world vests too much power, certainly in the president, probably in Washington in general for its influence on the economy, because most all of the economy has nothing to do with the government.