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  • The Reverse Wealth Effect [View article]
    who deleted my post?
    Jun 09 19:57 pm |Rating: 0 0 |Link to Comment
  • The Reverse Wealth Effect [View article]
    Why is their no wage-price spiral now???

    I have 2 theories

    1. Today's consumers easy access to credit cards. With that access consumers put the higher balances on their cards instead of asking for higher pay at their jobs. What happens when their balances get too high? Bankrupcy.

    2. Too much competition for jobs. In the world economy. If Americans ask for more $$ their jobs will be shipped over seas.

    Anyone else have any theories as to why wages won't keep pace with inflation like what happended in the 70's
    Jun 09 19:47 pm |Rating: 0 0 |Link to Comment
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