OK, Im convinced that under-consumption is one of the causes of - TopicsExpress



          

OK, Im convinced that under-consumption is one of the causes of economic downturns. Wages are squeezed lower for the sake of competition, leading to increasing levels of inequality. Middle class can no longer afford to buy what they want. Rich people only buy so much of what they want/need. Consumption drops. You guys should be able to figure out what happens from there. With income inequality being at the level of the late 20s (prior to the great depression), I dont like where we are heading. The middle class is constantly being squeezed. Consumer confidence dropped and never recovered from the GFC in 2007. Discuss.
Posted on: Mon, 06 Oct 2014 07:39:15 +0000

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