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Showing posts with the label trade deficit

Our 1 percent vs. China’s

One thing that might help the 99ers and our countries workers get back to work is to not cut wages to keep work here. The corporations and the right say cutting wages stimulates job creation. This is a lie. Soon the 99ers will have no money to buy anything. What we can do to make our corporations more competitive in the world is have single payer-national healthcare or at least right now expand Medicare coverage (lower the eligibility age). This would take the burden off the corporations that provide healthcare which would drop the employee cost. Germany has high labor costs, but it is doing very well in the global economy. It is the most successful social democracy in the world right now. It has a large trade surplus and one reason for this is it has a whole different type of corporations with workers making up one half of the board of directions, and the workers have privileged positions in the company and real power and responsibilities. The Germans also have government sponsor...