According to the Morgan Stanley economists, income inequality is stifling U.S. economic growth because low-income Americans arent able to spend enough to boost the greater economy. Wages will need to rise so that households can buy more things. Stronger growth in wages and salaries is essential, wrote Zentner and Campbell. It would help households spend more broadly across the income spectrum.. Youd think our industry leaders would understand this. We have lost millions of jobs to free trade tax-free profits for corps, and have also some managed to blame poor folks for their poverty, not poor policy.
Posted on: Wed, 24 Sep 2014 14:14:16 +0000
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