Bottoms up economics
Can a bottom’s up economy work in America? What exactly is a bottom’s up economy?
Our economy is broken now because the government messed with the free market. First the liberals insisted on a quasi government housing authority and then insisted it be operated in a politically correct manner where otherwise non qualified persons would qualify for a home loan. Because of the government backing for this agency and its continued profit maneuvers making riskier and riskier loans Wall street bankers joined in on the party much as many Americans joined in on the NASDAC bubble.
Things were already bad for the middle class before the housing bubble popped for the middle class. Gas prices were high and health care insurance was eating up any wage income raises for several years running and several sectors of rising costs were competing for the lower/middle class dollar. To compound the environment jobs were being outsourced away from America and Americans were being forced into increasingly service industry jobs at lower wages while competing with illegal immigrants that also drove down the wage.
Will setting minimum wage standards higher correct this problem and if so what are the positive and negative effects of using this method?
Will increasing the minimum wage without first correcting illegal immigrant employment be counterproductive?
Will establishment of unions within the service industry correct this problem and if so what are the positive and negative effects of using this method?
Will an improving economy once again be dragged down by higher energy prices and if so how could we avoid this hidden tax on the working class?
"The man who reads nothing at all is better educated than the man who reads nothing but newspapers."
---Thomas Jefferson (or as Al Sharpton calls him: Grandpappy)