A meme about the stock market recently got my attention. It brought not only rage and tears, but also confirmation about what we must be fighting for now.
The meme was simple enough, but poignant.
The next time you feel poor, and can’t fill your gas tank, and you hold back tears trying to put together a grocery trip that can get you and your family through the week on just $40, remember that the stock market is at a record high and America is great again.
Only a few are partaking of this great economy. Ask yourself a question: Why aren’t wages going way up with so little unemployment? Does supply and demand no longer work?
It is not about Economics 101 anymore. One should remember that when a resource is scarce, that resource increases in price. As such, if we are at full employment, it is clear that wages should be increasing at a high clip. But that is not occurring.
One reason wages are not increasing isn’t at all hard to infer. Many are made to believe that their jobs are not secure. If you ask for too much, you’re threatened with the relocation of your factory somewhere where workers can be paid less.
It is clear we have a rigged economy. The population is manipulated to believe that this is all they can strive for, and that anything different is on the fringe.
Allowing pharmaceutical companies to profit from drugs developed with the support of taxpayer dollars isn’t corporations getting free stuff, but Medicare for All, paid for by all of us, is? Private insurance companies that created a false product to skim money off the top of every payment is not getting free cash, while forgiving student loans to juice an economy that will create more wealth is considered a giveaway?