It's not clear to me at all that the economy is incapable of supplying productive (as opposed to make work) employment to all. It seems to me much of the obstacle to job creation in the last 5 years come from a risk-reward calculation by major equity holders that discourage investments. It would be interesting to analyze whether the risk-reward assessment of major equity holders are consistent with, or antagonistic to, the risk reward assessment of the economy overall.
If they are inconsistent, then the government policy should be to interfere in the structure of rewards to large equity holder in such a way as to bring them closer to the reward structure for the rest of the economy.
Ie. you won't benefit at all unless overall economy as well as median income grows.
If they are inconsistent, then the government policy should be to interfere in the structure of rewards to large equity holder in such a way as to bring them closer to the reward structure for the rest of the economy.
Ie. you won't benefit at all unless overall economy as well as median income grows.
