Quote:
Originally Posted by Fulcrum525
So in other words....the numbers in the work force have increased, but wages haven't really gone up. Too many cheap goods flooded the market and there simply wasn't enough buying power to keep up with all the junk that was being sold.
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What he's saying is that more Americans are working more but not earning more. There are no cheap goods flooding the market. There is less buying power, which leads to consumers needing to buy cheaper goods rather than higher cost higher quality goods.
I don't agree completely, at least until the recent economic crisis. Two income families started buying a larger variety of things. They did not focus their buying to fewer, more expensive goods, but rather more various, cheaper quality goods.
Quote:
Originally Posted by Hatterasguy
Thats not always true, more so in countries like China.
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China is not capitalist.