Drivel.
The sum total of which makes the profit margin smaller, thus inhibiting growth.
IMO
Yes.
Anytime one is reading anything in which a particular "ecosystem" or "community" or "lifestyle" or type of "activism" is pitted against another--then one can immediately move on to reading something else.
A healthy economic ecosystem — one in which most participants (especially the middle class) have plenty of money to spend.
The guy makes a salient point and then proceeds to ignore it.
What makes for a healthy economy that has the capability to create jobs for the middle class that he asserts are the engine of growth?
Most important for a growing economy is a stable and rational government in my opinion; Something sorely lacking in US today.
Instead we have a government that in the middle of a recession decides that in an opportune time to radically change the regulations on an industry that represents on third of the economic activity of the nation.
Instead we have a government that has unleashed the zealots of regulatory branch of the executive branch to produce onerous new regulations that close power plants and increase the cost of doing business for every industry in the country.
At a time when government should be making it easier for business to grow and cheaper for businesses to create jobs our government is making it more expensive to create jobs and more difficult to start a new business.
What kind of environment makes job creation possible? An environment where job creators feel safe to invest in new projects with out the fear that the government will not jump out of the shadows with some new regulation or tax that will make their investment unprofitable.
Second, as Hanauer observes, America's richest entrepreneurs, investors, and companies now have so much money that they can't possibly spend it all. So instead of getting pumped back into the economy, thus creating revenue and wages, this cash just remains in investment accounts.
Hey ditzy what is done with the money in those investment accounts?