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View Diary: The economy is improving - just not for you (27 comments)

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  •  What is your suggestion for fixing the problem? (1+ / 0-)
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    I'm just curious ... I think we have all heard about all these problems before, especially during the 2012 campaign. We have heard about all these jobs moving overseas, changes in the types of jobs that are now in vogue and disappearing job categories, ..etc.
    Democrats are printing money and Republicans are proposing all types of legislation to give even more money to the .001%. (999, tax cuts, .. etc).
    But, what are the progressive solutions to this massive problems?
    Does increasing the minimum wage help? I doubt it does. People don't build wealth by adding $1 or $2 to their salaries. Wealth Building is a long term strategy.
    Home ownership for everyone? We saw that it just doesn't work.
    Since the Stock market is making so many millionaires, why aren't most "poor people" in the stock market too? What prevents them? What other ways are there for poor people to build wealth? Yes, they need to get better jobs ... but which jobs?
    I'm just asking questions ... Just curious what people's thoughts are.

    •  Most of my dairies are on economics and energy. (0+ / 0-)

      I've had 3 dairies in one day on the rec list. So I'm not too much of a jerk

      Looking at just jobs and breakin the gridlock in DC

      .................expect us......................... FDR 9-23-33, "If we cannot do this one way, we will do it another way. But do it we will.

      by Roger Fox on Thu May 09, 2013 at 09:18:53 PM PDT

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    •  Solutions (0+ / 0-)

      Short term:
      1. debt relief:The banks are the ones getting the 0% money. I suggest allowing anyone with a credit card balance as of a certain date to be able to refinance at 3% - with 1/2 of any interest savings going to paying down principal each month. The rest would be a cash injection into the economy from the bottom. Something similar could be done for student loans.
      2. Infrastructure: Tons of infrastructure work is needed, and that is work that can not be outsourced (except maybe for some of the equipment), plus it helps employ some of the construction and maybe manufacturing workers.
      3. Single payer health care (ok maybe not short term). Single payer would give workers more flexibility on hiring and would treat all employers the same on worker health care. It would also cut the nation's health care costs (which are hurting overall competitiveness).
      Long term: I think we need new ways to recycle the benefits of technology to all members of the society. That could be in some form of guaranteed annual income.

      There's room at the top they're telling you still But first you must learn how to smile as you kill If you want to be like the folks on the hill

      by taonow on Fri May 10, 2013 at 04:02:44 AM PDT

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