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Our Coming Age Of Austerity

Ganesh said:
Correct. Which is why public regulation of business is so important. Otherwise we would be back to the days of the robber barons before you could shout, thief!
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That is an opinion I don't share. But I agree that some regulation is good. It is all a matter of scale. Currently we are over regulating.
 
Riveroaks said:
You are only looking at the demand side of the economic equation however.

On the supply side, there needs to be reasonably priced goods and services produced locally at marketable prices so that everyone can have a job and participate in the economy with each other.

There is also the education side. American schools are failing badly in teaching the American youth anything. Thus foreign English speaking workers from India, Pakistan, and China are being imported in boat loads to do the sophisticated high tech work here in the USA. American kids cannot compete here at home for these high paying jobs because they spend their lives ill taught, while they escape into dope, alcohol, and teenaged sex -- compounding their problems even worse.
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It is not quite as bad as that, (on the imports) I have worked with quite a few people from India and Pakistan, while some are quite good many are not, they are just cheaper.
There are still quite a few exceptional US children out there, but yes our education system is failing them.
 
fmw said:
No it isn't. The CEO is one person. The employee roster could be tens of thousands.
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I actually did the math for my company. If the entire compensation package for our CEO was stolen from him and divided equally among all our employees, everyone would a raise of approximately $6/year, or $0.003/hour. Yea, CEO salary is really dragging me down.
 
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