Biggest problem in america is the economy Essay Example for Free

Biggest business in america is the economy EssayUnfortunately, this topic has now been politicized, which means that you cant talk close it without be instantly cheered or jeered by fans of each respective political team. But the economy is much(prenominal) more than important than this years election or either political team.There are several(prenominal) factors that have come together to produce a frustratingly weak economy that has persisted in the unify States for more than a decade. One of those things are Globalization. It opened up a vast pool of billions of workers who for way little than Americans because theyre desperate. This messes up everything, it has resulted in companies shifting formerly middle wage paying jobs overseas. Another is Technology it has continue to increase productivity, allowing companies to do more with fewer employees.These and other factors have contributed to the most radical redistribution of wealth that the United States has ever seen . Since the late 1970s, the countrys assets and income have moved steadily from average Americans to the richest Americans. This has created a society with more intense wealth inequality than we have seen at any time since the 1920s.Fairness aside, the problem with this state of personal business is that it leaves hundreds of millions of American consumers the real engines of the economy with little silver to spend. With consumers having little money to spend, businesses suffer. As businesses suffer, they look for ship canal to cut costs. And this, in turn, hurts employees (consumers) even more.One thing to keep in mind as we forecast about how to fix this state of affairs is that this is not an era in which everyone is suffering. Everyone is not suffering. Big companies and their owners and higher-ranking managers are not suffering. They are doing great. Big companies and their owners and sr. managers, in fact, are doing better that the have through with(p) at any time inhis tory, at least judging by the amount of value they are producing. Its everyone else who is getting hosed.Now, in the current political environment, you cant make an observation like that without being pegged as an anti-business socialist or communist. So, its important to emphasize that there is nothing anti-business about this observation. I secure dont believe that great businesses exist solely to capture profits and steer cash into the pockets of their owners. When a free-market economy is functioning well, as the American economy did for most of the 1950s, 1960s, 1980s, and 1990s, the benefits of the system accrue to all participants, namely Owners and senior managersCustomersEmployeesSociety at largeWhen the system gets out of balance, however, the benefits begin to accrue disproportionately to one or two of of the constituencies at the expense of the others and thats the situation were in now. The benefits of our free-market capitalist system which, by the way, is the best economical system on the planet, by a mile are accruing disproportionately to owners, managers, and customers, at the expense of everyone else.If we rattling want to put some effort into fixing our economy, we have to fix that. Specifically, we have to persuade companies and their owners to apply more employees and share more of their immense wealth and profits with them. Most importantly, companies dont need to do this well(p) for altruistic reasons (though no one would object if they did). If enough companies do this, they will not just dish out their employees. They will help their future sales growth. Because their employees and customers, the American consumers, will then have more money to spend.Bibliography sourcesInternetOnline adsEncyclopedia