Here is my well, uh, young opinion,
The stock market is not what is going to kill our economy, unless massive amounts of money are being withdrawn from the market for no other reason than full out fear. As of now, the market has been doing exceedingly well over the past few years considering trends. But if you ask me, it simply is not our stock market ATM that is causing stagflation.
It is the presidents and CEOs-Boards of companies that will not raise our living wages. This to me is what is causing mass economic turmoil among Americans as a whole. Any business owner who pays their employees in today's age less than $25,000 a year to people over 25 for full time positions should be arrested for slavery.
People in america cannot live anymore because businesses just aren't paying enough. $30,000 a year for a college graduate is horse Crap. People should not be forced to have to live with a roommate because they can't even pay full rent price on a small apartment.
Check this out, $30,000 a year getting paid 2 times a month yields around $990 every 2 weeks after a 24% tax. You will be paying $500 a month in taxes. Now, for a recent graduate they expect you to pay ~300 a month in student loans on a 6% interest. That is $800 you are giving to the government a month for a person in their early 20s. Let's see, Thats 1980 a month -300 That leaves you with 1680 for the rest of the month. A normal still crappy place to live cost around 1200 a month plus $170 for bills. That leaves $310 left for the month. I haven't even factored in food nor gas, insurance, car payment, and fun expenses.
You have kids making that little, good luck.
Now, when you realize that Half of Americans in this country make under $30,000 a year. While many have student loans AND kids, It is kind of easy to see why our country is turning into a crap hole one year after the next. People can't afford to do anything in this country which means they aren't spending money in the economy. People can't afford to do crap because employers won't raise the average living salery to 60,000 a year. Our employers are taking advantage of working class citizens, making us slaves for $30,000 a year working 8-10 hours a day and can't get out of the mentality that we don't live in the 90s anymore.
The worst part is that the corporations don't even trickle extra earnings down to the employees so while big corps are raking in money for their "business" it has done nothing to ecomically benefit our middle and working class folk.
This is why our country is messed up right now. I'm all for capitalism, but when you place responsibility of living standards in the hands of our employers, they are the ones who control the economy as a whole for the rest of the hard working 8-10 5 days a week slavery they make us partake in.
It's no wonder people are losing their minds. We simply can't have fun anymore, and we are scared to death of losing a job because we aren't working hard enough yet we sit here day in and out working for these people and they cant even value their citizens in the work place.
This needs to change or else.
