Who benefits most?
2006-08-22 07:06:39 · 12 answers · asked by Anonymous in Politics & Government ➔ Other - Politics & Government
I'm not saying whether I believe the economy is strong, nor am I attempting to display bias toward one political system or party. I simply want to know exactly how the economy affects a person.
2006-08-22 16:30:12 · update #1
I understand you believe the economy is strong "partly cause people like Bush tell you so" But Mr Bush's creditability doesn't fly with us who are not included and stuck with no means of substantial income in a progressive style! If things are so great how do i find financial security! Jobs available here where i am are few and far between yet the local media and government claims its great yet ask anyone you bump into and they say to opposite! Employer verses employee relationship is in the septic tank hence wages received do not compensate costs for consumer retail price index etc! What strong economy "oh the one for the wealthy only one"!
2006-08-22 07:31:09 · answer #1 · answered by bulabate 5 · 0⤊ 1⤋
There is not enough room to explain economics and theories but the simple truth is a rising tide raises all ships. That is if you are afloat, or participating in the production of capital. If you are a bum who does not work your ship is out of the water and capitalism will not benefit you. Pretty simple.
The economy is not a zero sum equation. Because one person gains more does not mean that someone loses. When the economy grows all gain.
There are hundreds of articles available on the web. There are also hundreds of socialist articles that are against a strong private economy. So maybe you should start with why socialism fails and then move from there up to why a larger economy benefits all.
Do you know why there is/was a housing boom during the past six years? A much greater pool of wealth in America in which the average working person benefitted from and was able to purchase a house. And it goes on and on.
2006-08-25 08:42:42 · answer #2 · answered by rmagedon 6 · 0⤊ 0⤋
A strong economy can mean different things, but usually they'll help average working people the following way:
More is invested into technology and research, which means future advances that will help the common person.
More jobs are available, so a working person can find a higher paying or more rewarding career.
More output leads to lower prices on regular consumer goods.
Higher wages means the common person can save more for their retirement or even invest in new ventures, increasing their odds of becoming wealthy.
2006-08-22 08:13:09 · answer #3 · answered by timm1776 5 · 0⤊ 0⤋
The unemployed benefit the most, because a strong economy means more people are working.
2006-08-22 07:12:34 · answer #4 · answered by Anonymous · 0⤊ 0⤋
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2016-10-02 10:05:04 · answer #5 · answered by carolan 4 · 0⤊ 0⤋
It should cause more employment. When there is competition for workers the average wage rises. Competition also lowers the prices of goods so that the average working person should benefit all round.
2006-08-22 07:13:42 · answer #6 · answered by Anonymous · 0⤊ 0⤋
Are you doing your homwowrk on this site? Let's simplify this as much as possible:
Strong economy=more jobs=less available workers=better(higher) pay=more spending=more tax revenue=less deficit=lower taxes
OK, the last one is only in theory.
2006-08-22 09:04:25 · answer #7 · answered by budntequilla 3 · 0⤊ 0⤋
Everybody. There's more money in all the economy lifecycle. There's more money to create more open positions, if you have a job, you're likely to buy more goods, and that extra demand will create more companies, who hire more, and bla bla bla
2006-08-22 07:14:21 · answer #8 · answered by Roberto 7 · 0⤊ 0⤋
more competition keeps prices down...it's easier to get credit when the economy is booming...more competition for workers makes for good worker benefits by business to keep employees.
2006-08-22 07:14:19 · answer #9 · answered by R J 7 · 0⤊ 0⤋
the rich people always benefit more but it can help the average working person by creating jobs and employers have more money to give
2006-08-22 07:12:17 · answer #10 · answered by deadly_donkey 3 · 0⤊ 1⤋