When wages go up, so does everything else. We are basically spinning wheels. We think we are better off today than we were 50 yrs ago. Well as far as I see it, it costs over 50,000 dollars to get me what 5,000 did in the 1950s.
The problem stems from a faulty understanding of economics as a “zero-sum” game. When viewed from this perspective, the economy is seen as a “pie” from which everyone must cut a slice.
The left betrays this ignorant conception by using such terms and emotionally goading the mass of workers to seek out an unmerited bigger share, rather than increasing the total output through their industry.
In the 1998 movie “Pi” the film correctly portrays the pattern of economic growth as one which mirrors nature and the exponential development of life itself. The “Golden Mean” and its resultant arc, the “Golden Spiral” evince the ever increasing, outward expansion of the results from invention, industry and market expansion.
Leftists deem these concepts to be beyond the grasp of the masses, holding on, as they do, to their low estimation of human potential, and, perhaps, their own failure to grasp the concept themselves.
Thus they stifle human potential with a “dumbed down” educational system that is at odds with the fact, as John Taylor Gatto observed “...that genius is an exceedingly common human quality, probably natural to most of us...”
Faith in God, the worth and potential of His creation, and man’s natural tendency to make the most of it, founded this country, sparked the industrial revolution and built the greatest nation the world has ever known.
Settling for government mandated parceling of its wealth will be its destruction.
Some sound reasoning here. Just this caveat: “developing better ways to manufacture and distribute goods” cannot include manufacturing the items using slave labor overseas. That practice kind of skews the analysis.