Memorex wrote:I'm not an expert, but I think there are so many things wrong with the way our economy runs and capitalism is not it.
You see the big gap between productivity and wages. A big portion of that gap is filled in by technology investments. I may be more productive, but my employer has to make larger tech investments for that to be true. In the old days, there was no spend on websites and computers. Health care was a lot cheaper, etc. So about the time that technology starts making a major impact, you see productivity skyrocket. It's not that the American worker was working any harder.
I don't think it's a crisis of capitalism. It's a crisis of there no longer being a need for such a huge workforce. We don't have the proper focus on 21st century employment. Everyone can't be a programmer or network guy.
The lower/middle classes have to find ways to share more of the wealth, but it can't be in a fashion that discourages people from trying to build wealth. We need reinvestment incentives, new manufacturing incentives, etc. And stop selling houses to people that cannot afford it. The American dream does not need to include a house if you can't afford a house. And if we want to make houses affordable, do it in a way that is not temporary.
I don't think there are any easy answers out there and we have no leaders willing to tackle these issues right now. It's pretty disgusting.
I'm not even sure how what I've bolded is even possible. Maybe you meant that the upper class needs to do that. I don't know, but as it is written is completely absurd.