Until the USA can produce more than it consumes, wealth will steadily erode, and attempting to unconstitutionally legislate prosperity will have no effect on quality of life.
Quality of life doesn't come from the number of federal reserve notes in a system, it comes from the skills, productivity, and entrepreneurial ventures of free consumers and producers. If you pay people $15 per hour to flip cheeseburgers, they never gain the skills to create more valuable goods and services. Once your society can't create things for itself and the world, and your money becomes worthless via inflation, QE money printing, panic-level low interest rates, unimaginable levels of debt(govt, municipal, personal, corporate, etc)and unconstitutional counter-productive minimum wage increases you end up with severe erosion of quality of life. Americans are not brave enough to be actually free and will continue to attempt to legislate prosperity which will never work.
Submitted July 22, 2017 at 03:21PM by joemammadadda
via reddit https://www.reddit.com/r/economy/comments/6owupn/until_the_usa_can_produce_more_than_it_consumes/?utm_source=ifttt