MrFedEx
Engorged Member
Economic illiterates like you can never grasp the fact that as those in the lower paying jobs acquire skills and experience, they move up into better paying jobs. As for the enlightenment I've got an undergrad degree in economics and half of my graduate work in the same field. I don't think I'll need your help.
OK, so when everyone moves up, who does the low-paid grunt work that provides the bulk of profit? Plus, there are many people who will never move up, either due to lack of opportunity or the basic structure of most businesses. The top of the pyramid is very small compared to the base.
I have a minor in Economics and my graduate degree is in a business field. Capitalism requires an underclass, plain and simple. Look at FedEx Ground, the perfect example of how the underclass is exploited for cheap labor and also an example of subsidized labor, because taxpayers pay for it when the Ground employee without benefits fails to insure their vehicle, or goes to the ER for medical care.
Your arguments are typical GOP excuses for the true manner in which capitalism operates.