Why’s The Economy Tanking?

A SUNY Potsdam professor thinks he has the answer: Dr. George Gonos, during a forum on [the SUNY Potsdam]campus about the economy last night, said the trend that began in the 1950’s of decreasing union-based checks on management to deliver living wages for its employees has led to a national decline in purchasing power. This means people cannot buy the goods that industry produces. He says predatory lending practices are a direct result of the downturn in wages. Source: LIVING WAGE DECLINE CA

Read this article...