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Maddog @ 12:17 re They would love the ability to raise rates

Posted by Mr.Copper @ 12:41 on July 29, 2015  

re part:
“unfortunately they will not be able to until the bust has burnt out and the economy does come back”

Comment:
I disagree with that. It’s NOT the “economy” (it’s the game really) that needs to come back first. I’ve been observing the economy since 1964, and have a pretty good handle on the “SITUATION” I call it.

Wages are too low. Today on Bloomberg news, they said the average pay in the entire USA was $20 per hour. $20 per hour adjusted for purchasing power, was the real or actual minimum wage during the 1950s and 1960s. More advanced employees made much more.

Big business over the decades after 1970 got its way. They have the entire USA workforce on “minimum wage” today. And THAT’S the primary problem they are having, with their own fake “man made” game they call an “economy”. It ran its course and is now negatively affecting THEM, big business and gov’ts.

This is why all the stagnant wages and $15 hoopla we are hearing about lately. Big business and gov’t don’t care about anyone but themselves, that’s why they are pushing for higher wages. For their own benefit. Not the burger flippers.

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Post by the Golden Rule. Oasis not responsible for content/accuracy of posts. DYODD.