Business Insider – by HENRY BLODGET
One of the big reasons the U.S. economy is so lousy is that big American companies are hoarding cash and “maximizing profits” instead of investing in their people and future projects.
This behavior is contributing to record income inequality in the country and starving the primary engine of U.S. economic growth — the vast American middle class — of purchasing power. (See charts below). Continue reading “Sorry, It’s Not A ‘Law Of Capitalism’ That You Pay Your Employees As Little As Possible”