Tag Archives: Middle class
Inequality for All
The other day I viewed the documentary “Inequality for All” by Robert Reich for the first time on NetFlix. I was struck by its similarities to articles I have written in past posts such as The Economic Power of the Middle Class March 19, 2013 and Prosperity is with the Masses September 16, 2013 in terms of the disparity in income between the very rich and the typical middle class as well as the parallel conclusion we both drew that the well being of our economy depends largely upon the ability of a large middle class to spend on goods and services. As a matter of fact our mutual conclusion seems quite self evident so I fail to see why so many people don’t realize this. Continue reading
Posted in Economy, Government, Inequality, Social Issues
Tagged American workers, conomic growth, goods and services, higher upper class taxes, inequaties between the rich and middle class, lower middle class taxes, Middle class, middle class spends, more money for the middle class, rich invest, upper class
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The Job Terminator
We are already experiencing the subtle impact of job terminating technology today. Our tech savvy technologist are turning out new technological innovations at an ever-increasing rate. New generations of cell phone come out ever six months to a year that are each smarter and cheaper than the previous. Other gadgets are being created constantly to satisfy our insatiable appetite for gadgetry and convenience. Ask yourself what can people do that computers are unlikely to do other than screw thing up. Through artificial intelligence computer can learn to get increasingly smart and they never forget anything and some can constantly think billions of times faster than us without rest. So unemployment is no longer as a result of the 2008 crash. It is as a result of outsourcing and automation. Continue reading
Prosperity is with the Masses
Henry Ford really had the right idea when he came up with the brilliant idea of paying his employees enough of a living wage that they could afford to buy one of his cars. He clearly understood the concept that you needed the masses of people to become affluent enough to buy more than just the essentials in life in order to have a thriving mass production industry. Customers have always been the lifeblood of businesses. The more customers the better. What better customer base can you have than the vast majority of the population. Continue reading
Posted in Economy, Government
Tagged affluent, customer, economic engine, economy, goods and services, living wage, masses, Middle class, prosperity, ritch, spend, taxes, Wealth
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The Economic Power of the Middle Class
The top 1-2% would like the public to think that they are responsible for stimulating the economy and thus deserve tax relief so that they will have more to stimulate economic growth. It truth it is those who spend not those who are wealthy that stimulate the economy. The very rich spend only a small percentage of their wealth on goods and services. The middle class spends the majority of their income on goods and services thus creating the demand that contribute the greatest share towards economic growth. Continue reading
Posted in Economy
Tagged benefit, Business, capitalism, Economic growth, economy, goods, Henry Ford, invest, investment, job, Middle class, Obama, profit, recovery, Republican, rich, salary, services, spend, tax, wealthy, worder
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ouR Social Conscience 