Ping
That is how Obama will beat out Carter. Wages went up with the Carter inflation. With Obama it will be more”Diverse”. Wages down inflation up.
I understand the problem, but how will they eat? Gold is not the solution and a global currency is only a prescription for a bigger disaster.
My expectations are a run of Fed induced inflation, followed by a deflationary collapse. The blind "Globalist" in both parties have done this to us. Arrogant Bastards.
Liquidity Trap...the Fed is out of bullets.
Actually, most in the private sector are dead on the floor...if they still have jobs....
Stagnant wages, slashed or eliminated benefits, no health care, reduced hours, millions unemployed, the constant threat of being fired if ya don't work harder for less.
Meanwhile, government employees retire at 50 years old, with tax paid lottery style medical benefits and pensions.
The American private sector has been gang raped.
I think lower productivity numbers are the result of busineeses and work shops being cut to an absolute minimum, but not having enough work to fully employ the remaining people. I.e. If a process takes a minimum of three workers to run, but they only have enough work to keep them busy 80% of the time, then they cannot improve productivity until the workload increases.
Management hasn’t squeezed, it’s the government: taxes and fees have gone up at all levels, plus you get a ticket every time you go out on the road ( even my dog, a golden retreiver, got a $100 ticket) while incomes are shrinking.
See Argentina. Prepare. Have fun.