More food for thought on economics

treehumper

Carpal tunnel level member
Location
Ridgefield, NJ
"Labor is prior to and independent of capital. Capital is only the fruit of labor, and could never have existed if labor had not first existed. Labor is the superior of capital, and deserves much the higher consideration."

Abraham Lincoln
First Annual Message
December 3, 1861

What I have witnessed over the course of my adult life is this move toward generating wealth through stock/investments (money working for you)l than through actual labor. Successive recessions have been followed by "jobless recoveries" where companies saw increasing profits without any subsequent job creation.

This article, to me, explains much of what transpired. http://www.dailykos.com/story/2014/...-trillion-in-personal-income?detail=facebook#
 

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