Why do we have an economy that principally built on consumer spending?
Don't you think it would be better if we had a diverse portfolio of jobs? A little bit of production wouldn't hurt. Why does everybody have to work at wal-mart. This is Idiocracy coming true. It's no wonder Americans are fat and stupid. Wal-Mart doesn't pay them well so they just sit around eating twinkies. That is when there not working 50-60 hours a week making 8 dollars an hour. This country is going to hell and nobody ever talks about it. What a disgrace our political parties are.
Asked By: bob - 9/4/2009
Best Answer - Chosen by Asker
The reason for the US economy become more and more service based, as opposed to manufacturing is because of the cost associated with production. It is much cheaper to have items built in countries like China, Korea and Ukraine then have it shipped here, then to just build it here in the first place. This is one of the... More
Answered By: DukeofEarl - 9/4/2009
Additional Answers (4)
The American economy is built on consumerism which wouldn´t be a bad thing if you were consuming your own products instead of those of Asia nor is it bad that Wal-Mart sells low cost products except that again, those products are made in China instead of the US.It will eventually get to the point that you are unable to... More
Answered By: AL R - 9/4/2009
Yes, that's why it's in such terrible condition... More
Answered By: Cheer Up - 9/4/2009
Your observations are spot on. And some places force employees to work fewer than 40 hours a week so that they won't get any benefits. (I don't know whether Wal-Mart does this.) This situation will go on unchanged until citizens quit buying the mass-produced consumer commodities that are sold in bulk at Wal-Mart and... More
Answered By: Slacky B - 9/4/2009
You are confusing two separate issues. All production of an economy is either consumed or invested , and consuming 70% is a reasonable amount and about the same as we have always consumed... More
Answered By: meg - 9/4/2009
Over 483 Local Jobs Now Hiring In Your Area. $18-$87/Hr - Apply Today!
Click. Search. Apply. Free!
Jobs hiring near your local area. Part-time, Full-time, Work at home.
Get Your Degree Online Sooner than You Think. Financial Aid Options
Other Career Questions
What is your current job? Why did you choose this job? What do you enjoy about your job? What do you dislike about your job? What would be your perfect job? Would you rather have this j...
Where are the jobs? Is productivity and globalization creating a permanent “recession” of jobs? My main issue is I am doing a paper for school and have no idea where to begin. I was hoping suggestions...
Hi ok im 19 and about to start college to do an acess course into a university. Ive been browsing through all the courses and im tottaly stuck! I thought politics but im scared ill end up with some r...
Content is not owned or controlled by Monster. Any content concerns should be addressed with Yahoo!
Yahoo! Does not evaluate or guarantee the accuracy of any Yahoo! Answers content. Yahoo! Disclaimer.
Best-Paying Work-from-Home Jobs
It’s easier than ever to work from home. Of course, not every job is a mobile job, and some companies aren’t interested in having their employees work from home.
2013 Marketing Jobs Outlook
The US may be facing another year of anemic hiring overall, but that won't be the case in the high-orbit world of multichannel, digital media marketing.
2013 Engineering Jobs Outlook
Engineers will find job opportunities in select disciplines in 2013, with candidates who are all-around, client-oriented businesspeople in demand.
Best-Paying Jobs by Major
What could you earn with a particular four-year degree? Find out by checking out this list of the top-paying jobs for 20 of the most common majors.
Eight High-Paying, Secure Jobs
Want to earn a good salary and enjoy a measure of job security as well? Check out these well-paying jobs on tap for fast growth in the coming years.