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US recession fueled by low wages and consumer debt

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More at http://therealnews.com/c.php?c... Leo Panitch: Weakening of unions and global pressures on US wages a major factor (1 of 2) Thursday January 24th, 2008 Leo Panitch is the Canada Research Chair in Comparative Political Economy and a Distinguished Research Professor of Political Science at York University in Toronto. Panitch is also the author of Global Capitalism and American Empire.

Channel: News & Politics
Uploaded: November 30, 1999 at 12:00 am
Author: TheRealNews

Length: 06:17
Rating: 4.768116
Views: 29957

Tags: commentary  analysis  leo  panitch  US  recession  economy  politics  consumer  debt  wages  equity  

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eyhaotaywt (November 30, 1999 at 12:00 am)
America is crap. Crap wages. Crap opportunities. It's all crap!
luminatedgame (November 30, 1999 at 12:00 am)
@leebog31 there will be blood on the streets well before then.......I BET MY BALLS ON THAT!
luminatedgame (November 30, 1999 at 12:00 am)
@patsaxon and how will employees live and eat, or better-yet support and grow the economy if they make3$ an hour, you are fuqn mental pigmee.
patsaxon (November 30, 1999 at 12:00 am)
Unions are the blams for companies out sourcing to other countries. Lower the minimum wage to $3 an hour or less and then employers will be able to hire again.
leebog31 (November 30, 1999 at 12:00 am)
All your food you buy now is the same price but In smaller containers. They are hiding the inflation from us by giving us less. We haven't hit hyperinflation yet then it will cost a days pay for a loaf of bread. Raise your wages all you want but when the dollar falls it's just toilet paper. 47 million on food stamps will cause mass chaos when people go hungry.
leebog31 (November 30, 1999 at 12:00 am)
Wages are not the problem. It's the stimulus packages, bailouts and the quantitative easing by the FEDS. They are destroying the dollar and causing inflation which is the agenda. They're doing a huge government power grab and killing the middle class. When there done we will all be slaves and totally reliant on big government.
1965guitarboy (November 30, 1999 at 12:00 am)
@abanikka Thats a fact. Certain culture who have strong family ties and community do well.
1965guitarboy (November 30, 1999 at 12:00 am)
@abanikka Thats a fact.
RayAir1 (November 30, 1999 at 12:00 am)
When you factor in the the cost of living in America , real wages in this country are back to the level of the late 1950's. Essentially you're earning $2.50/hr.
abanikka (November 30, 1999 at 12:00 am)
Family working together to accumulate hard assets, one leaves home with a foundation they would never otherwise see!! We do it all the hard way all for selfish reasons. Mine, Mine Mine. This is mine, that is yours and we have to live separate lives and there is no "WE" in Family. Imagine the strength if "WE" can come together? No matter how unrealistic this may sound, especially after we have evolved to where we are. IT IS an answer and there is no doubt it will work. Imagine the Family security


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