AP survey: US income gap is holding back economy
Source: Associated Press
AP survey: US income gap is holding back economy
By CHRISTOPHER S. RUGABER, AP Economics Writer | December 17, 2013 | Updated: December 17, 2013 3:38pm
WASHINGTON (AP) — The growing gap between the richest Americans and everyone else isn't bad just for individuals.
It's hurting the U.S. economy.
So says a majority of more than three dozen economists surveyed last week by The Associated Press. Their concerns tap into a debate that's intensified as middle-class pay has stagnated while wealthier households have thrived.
A key source of the economists' concern: Higher pay and outsize stock market gains are flowing mainly to affluent Americans. Yet these households spend less of their money than do low- and middle-income consumers who make up most of the population but whose pay is barely rising.
"What you want is a broader spending base," says Scott Brown, chief economist at Raymond James, a financial advisory firm. "You want more people spending money."
Read more: http://www.chron.com/news/us/article/AP-survey-US-income-gap-is-holding-back-economy-5071849.php
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To me it was pretty obvious that when Americans lose from out sourcing, there tend to be nothing for them to do but get into a different field. Yes you've heard it before, you have to pull yourself up by the boot straps and make things happen. Good luck with that and hopefully the new field you just trained for doesn't get outsourced too. But that's O.K., plenty of boot straps to go around. 
When one company starts outsourcing, say 3D artist jobs, the they tend to all do it at some point leaving a big hole of unemployment. Those jobs in the US become scarce and there becomes a glut of people all vying for that one open position. Then that company has all the power, for how long your workdays are, the amount you get paid, and the things one can and can't say during work. Not like slavery but headed in that direction.
Now lets do this for several fields and positions in the US.
The glut of unemployed who have no disposable income increases and retail start's to feel the affects, then prices and the cost of living go up to compensate, then taxes start to feel the effect, a constriction in taxable income, Which means we start paying more in taxes to compensate. It turns the country into circling the bowl and income disparity increases causing angst and unrest in the population.
I'll stop there because we all know how this ends.
I know it's a generalization but I've been watching this for years, one can finally slow down and pay attention when one is unemployed for years.
But hey, lets put another Turdwayer or, god forbid, another Republican in the Presidents chair cause that'll change things!
-p
This is what LIBERALS have been telling them for YEARS!!!
It is so frustrating that Liberals seem to always be the voices crying in the dark, while everyone else keeps riding downstream on the happy boat, heading straight for the HUGE waterfall with the rocky bottom. 
