I watch too much cable, I admit. Day after day it gets frustrating. Yesterday I watched as someone called legislation to prevent teacher layoffs a bailout - but I know that's not a view held by many, nor were the views I was frustrated about.
Nationality: American Type: Public Servant Born: March 29, 1971 |
Demand is best measured in terms of spending. You know, I think in traditional economics, it's a mistake to measure it in terms of the quantity of goods.
A market where chief executive officers make 262 times that of the average worker and 821 times that of the minimum-wage worker is not a market that is working well. And it is surely not working well enough to build a solid middle class.