^ You’re confusing the economy with wages. These are different. If companies buy a bunch of robots to more efficiently complete tasks previously done by humans, and automation prevents wage growth, that’s good news for the economy. Wage growth means inflation, which is a risk to the economy.
I don’t think we’ll see labor force participation or wages creep up again until the Baby Boomer generation is fully out of their working years.
Quote:
Originally Posted by pilsenarch
So, I know you claim to be a democrat, but do you remember the top tax rates the last time 'America Was Great'?
|
The world has changed now and you can’t tax people like that. They’ll just leave the country. People can now choose where in the world to live.
And schools don’t need more money. They need accountable parents who aren’t idiots, and less violent neighborhoods.
Lastly, people are correct when they say that NOT spending money on downtown, the lakefront parks, beautifying Michigan Ave etc would turn Chicago into another Detroit or Cleveland. Sorry, but most people (especially most people with money) don’t give a shit about South and West Side neighborhoods. Tourists, conventions, shoppers, big business... they care about downtown. And they’re the ones paying taxes.