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.