Re:Our Broken Economy, in One Simple Chart
by damon_c on Tuesday August 08, 2017 @12:58PM
(#14959810)
Yes.
90% of money being held by a few people whose material needs are already satisfied does not create demand for products and services but mostly inflates stock prices and real estate and other "wealth storage" types of assets.
Money in the hands of the bottom 90% gets spent on things like new cars and shoes and going out to restaurants or getting haircuts. Providing these goods and services is what jobs are made out of.
90% of money being held by a few people whose material needs are already satisfied does not create demand for products and services but mostly inflates stock prices and real estate and other "wealth storage" types of assets.
Money in the hands of the bottom 90% gets spent on things like new cars and shoes and going out to restaurants or getting haircuts. Providing these goods and services is what jobs are made out of.