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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: Dan3 who wrote (108442)2/18/2010 12:45:07 PM
From: mishedlo6 Recommendations  Read Replies (3) of 116555
 
why don't we fix the problem?
The concept of "living wage" is ridiculous as typically presented.

1) The first problem is that it's not how much one makes, but how far the dollar goes. The dollar does not go far far because of inflation, rampant government spending, bad policies, etc etc.

2) The second problem is people think "living wage" means an SUV every 4 years, a huge home, eating out, eating poorly, guaranteed this, and guaranteed that.

Mish
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