Quote:
Originally Posted by tony286
A consumer based economy only works if people make enough to consume.
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And that's the problem. Economies need producers not consumers. America is not producing enough because the cost of labor, regulations and taxes is getting higher and higher and so are the ranks of the unemployed and underemployed.
Look what the unions have done to Detroit, once a bustling city of manufacturing now on its knees because the unions have made the cost of labor so expensive through their rackets and extortion.