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
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