Originally Posted by
Scerab
This is a gross version of unrestrained capitalism. In which a small group of majority share holders appoint a small group of board directors who could very well move a factory to china and destroy a community along the way. A good example of this is Detroit.
We hear about the 100 or 200 thousand jobs created every months, but what we don't see is the number of jobs lost, and the percentage of those created jobs that are minimum wage or part time.
The new post Recession American has developed a gig part time economy. More and more workers need to work multiple jobs just to cover thier basic needs. While industries either relocate abroad or to states with lower minimum wages and no labor unions despite great profit margins. That's why two red states decreased the minimum wage going against the currency world wide trend.
What America needs is a another new deal and a maximum income tax, same as what FDR implemented. But the capitalists are too powerful for that to ever happen. During the Great Recession, the greedy hedge fund billionaires got the tax payer bail out while the working poor got nothing.
Try to contemplate all of this when you sing the national anthem or say "god bless America".