We have LOW unemployment, BOOMING stock market. Classic theory states this should boost wages as employers would need to pay a premium for workers, put signing bonuses in effect, and make their workplace more desirable. But layoffs are constant, many 'degreed' people are working menial jobs or now 2 jobs, and the avg corporate workplace is a stress zone. Any intelligent ideas on what is wrong with classic economic theory, or does the TRICKLE DOWN theory no longer work?
2007-01-13
03:06:25
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5 answers
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asked by
Anonymous
in
Economics