I am sitting in my house while it is snowing outside. I have about 12″ plus of snow on the roof of my house. If there is too much weight on a roof, it will break or come crashing down. All homes need little weight at the top and a strong foundation for the house to last a very long time. That is also the same for our economy.
Right now corporations and top executives are making record profits while the rest of us are suffering and living paycheck to paycheck. This is not because of lazy workers or lack of education, it’s due to the top being addicted to greed and power. So few have way too much power and money for the economy to survive at the current condition. At some point this economy will come crashing down fast and hard. The working poor is growing at an alarming rate while becoming more and more financially unstable.
Here is an article I found on the web talking about minimum wages from 1968 compared to todays standard of living. Minimum wages in 1968 was $1.60 and if it kept up with inflation and cost of living , minimum wage today would be $16.50 at the minimum. Instead it’s at $7.35 an hour. http://blog.ourfuture.org/20130219/40-of-americans-now-under-former-minimum-wage .
How was it possible for the country to survive off of the wages back then and the corporations say they can’t pay better today? Yes the cost of living was lower back then, but in comparison to todays standards, wages were at a much higher percentage rate back in 1968 then today. Too many people are brainwashed into thinking that we have to bow down to the few who are very powerful and very rich. That is not the case, we can stand together and demand a better life. We are the hardest workers and the richest nation in this world. There is no reason we can’t build a better and stronger foundation. Or this roof will come crashing down.
There is a reason the wealthy live in gated communities. They do not want to see the weak foundation they have built while the roof has been built beyond weight-bearing capacity.