Friday, May 27, 2011

Business is making the adjustment to the new economy, but Americans are not, as many are now stuck in low paying, tight pay-check to pay-check budgets.

Liberals and Democrats have been sounding the warning for a while about middle class pay, but Republicans have been claiming that employees assumed incorrectly that they were entitled to a living wage. Another words, middle class families were making too much.

Guess what? Republicans are winning the war on labor.   
WallStreetJournal: Less income, more layoffs. That isn’t a combination to bring joy to U.S. consumers. The soft patch seen in the first quarter is carrying into the spring. And consumers are the ones slipping toward trouble
The Bureau of Economic Analysis revised its calculation of first-quarter real gross domestic product … The new mix of growth was very troubling … the growth came from inventory accumulation and less from consumer spending … Even more alarming for the outlook: The BEA now says real disposable income barely grew over the past three quarters.

Meanwhile, U.S. businesses are raking in a boatload of cash.
So cutting wages and forcing consumers to cut back on spending is a good thing, while companies are still able to rake in huge profits?

What’s not to like about capitalism?

1 comment:

  1. ஆருடா நீ அபிஷ்டு !

    நான் ஏதோ ஆனைய தடவிப்பார்த்த குருடன் மாதிரி எங்காளை பத்தி எதையோ அடிச்சு தொலைச்சேன்.

    இப்போ அந்த மனுஷனை பார்த்து வெட்கப்பட்டு ஒளிஞ்சுட்டு சுத்திட்டு இருக்கேன்.

    நான் எழுதினதை எடுத்து போட்டு வில்லங்கம் பண்ணியிருக்கே..

    உடனே உன் கமெண்டையெல்லாம் நீக்கிரு. இல்லை கூடிய சீக்கிரம் அந்த நல்ல மனுஷனோட சாபத்துக்கு ஆளாயிருவே ..