Last edited by Fiddytree; 07-09-15 at 02:12 AM.
"We all of us know down here that politics is a tough game. And I don't think there's any point in being Irish if you don't know that the world is going to break your heart eventually."-Daniel Patrick Moynihan, December 5, 1963
I can't see what the problem is. I don't claim to have any great economic insights, and there may be a another way to achieve a 4% growth rate, other than working more hours. But a sustained 4% growth rate over 5-6 years would dramatically increase government revenues and improve the finances of at least those putting in the longer hours. Clearly those people with larger paychecks will increase their demand and create additional employment opportunities for those currently without work. Yes I would prefer that the 4% growth rate could be achieved primarily by employing those currently seeking work, but I don't know how that would happen and I haven't heard of anything. Although DOA in either party, a good hard look at "free trade" might do wonders to increase employment and market driven wage increases. Before the long partisan knives get drawn, I fully recognize that a large portion of our society is working at jobs with wages so low that even after 40 hours, they may not have made it to poverty level, and don't have any benefits. But that's something else entirely.
Our country is dramatically more productive than it was years ago. The problem is that the people who work to produce have not had their compensation increased to match the increase in production. This is because the people who own the means of production are siphoning away the wealth to their own coffers, because there's nothing stopping them, and there's a huge amount of unemployment which they abuse to keep wages down.