The economy's pillars supporting workforce spending are showing signs of cracking

From Investing.com: 2024-12-17 01:43:00

The three pillars supporting workforce spending are showing signs of cracking. Karl Marx and Henry Ford understood the importance of workers earning enough to buy goods and services, a key aspect of an industrial economy. However, the purchasing power of wages has been declining for almost 50 years, leading to a widening gap between what workers earn and what the economy produces. Government money distribution, cheap credit, and asset bubbles have been used to fill this gap, but all three solutions have intrinsic limits and are self-liquidating systems. Federal debt, total debt, and reliance on asset bubbles are reaching breaking points, indicating an impending economic downturn.



Read more at Investing.com: All 3 Pillars Holding Up the Economy Have Cracked