The point is that if we agree profits would allow it and it would in fact be good for the economy and country it can done. Shouldn't the real only question be how? You seem so sold on there is nothing that can fix the problems. I think there are many answers, but the goal must first be defined. Shall we move forward on the how?
It sure isn't Walmart overpaying their employees.
The "How" is easy. Work more hours or get a job that pays more. That's how. I've been doing it my entire life as have some of my friends and family.
You really are just defeated. No real interest in improvement. I guess slow economic growth and growing government independence is just your thing.
No, it's called living in reality.
I know what our past was. I know how it was formed, and I know why it died. I also know there is nothing you can do to bring it back. Automation and robots are not going to melt and never return. Overseas wages are not going to increase to such a point there will be no place to manufacture but the USA. American consumers are not going to change their priorities. Investors are not going to settle for lower profits.
When you can come to terms with those realities, only then will you be able to understand you can't turn the clock back. All you can do is put the cards on the table, look them over, and then make plans for the future.
Yes completely defeated. Not very American.
When do you expect the end? We continue on this course and the debt will kill us.
So creating more debt will help?
I don't know what's going to happen in the future. I'm glad I'll be off this planet (or at the very least, retired) before that happens. Manual labor jobs are being replaced by robots and automation. Even fast food restaurants are purchasing self-serve kiosks to have customers place orders and pay for their food. Down the road, those robots will be pouring your drinks, making your french fries, and even creating the hamburger you're going to eat. The entire restaurant will be run by one or two humans.
Automation is becoming cheaper and labor is becoming more expensive. I don't see the advantage of making labor so expensive that automation is the best investment for the future. JC Pennies closed down hundreds of stores. So did Game Stop recently. They are joining the many stores closing in the country because of internet sales. What are we supposed to do with the thousands of Americans that used to work in these stores?
Thinking of being a cab driver? How about working for Uber? Well, those are short-term incomes, because in the near future, cabs and Uber vehicles will be manless vehicles. You summons a car, swipe your credit card or debit card, and the vehicle will magically drive you to the destination you entered in the computer system of the vehicle.
It's very frightening. I don't know what the answer is. But I do know that forcing industry to overpay manual labor will only speed up this disaster.