Sunday, October 17, 2010

Killing the goose

The Progressive Economics Forum explains the recession:
The real cause of the Great Recession is the fact that workers, consumers and the middle class are simply too broke to buy the goods necessary to stimulate the global economy and get people back to work. They no longer earn enough disposable income and are swimming in too much debt to accomplish this.
This articulates a feeling I have had that people in our society who complain about their unionized friends and neighbours and relatives getting paid "too much" just haven't realized where their own best interests really lie -- nobody buys a house or a car or sends their kids to university or builds their community on minimum wage.

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