Forum Post: American Economics 101
Posted 13 years ago on Oct. 22, 2011, 8:43 p.m. EST by kogonon
(3)
from San Antonio, TX
This content is user submitted and not an official statement
-After World War II, the US economy was very strong. -Factory towns (we cal suburbs) sprung up all across the nation providing housing and amenities for the employees of super factories. -As the rest of the world copied the US model, building up infrastructure and investing in technology -Companies began to outsource, hiring labor for much cheaper than in the USA -We start hearing the term "service economy", the US imports more resources than we export -As the world is overpopulated, dwindling resources become even more valuable -The job crisis is not an all the sudden event, it has been in the making for decades.
Limiting trade iwith China would help. Reducing the cost of manufacturing in America by not taxing corporations at the absurdly high rate we are taxing them now would also help.
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