Disposable Income within the U.S. is decreasing. If the economy were in a healthy state, all would be reaping the benefits. This is not the case. Because the amount of wealth that each individual is collecting is dwindling, the amount they can spend will also dwindle. However, big business is collecting larger profits. The Marxist political economist will explain this as labor wages decreasing because of rising tensions and conflicting relationships between the capitalists and the ruling class.
The Falling U.S. Economy
It scares us to see what is going on behind the scenes. The economy is strong: the unemployment rate is near an all time low, and corporations are making huge profits. "This must mean that the economy is expanding" - or so most people think. But from the perspective of an economist, these are the signs which indicate a slowing, recession-bound economy.
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Tuesday, October 9, 2007
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