After hearing the president [Tuesday] night, it seems his focus on the biggest problem in our country is correct. However, the solution that he seems to offer is by no way going to help those who now cannot pay their bills without heavy government subsidies.
Both the federal and state government will continue to have to implement these so that people will be able to pay the bills of their households.
When you speak to people about the presidents plan to raise the minimum wage, you will either get negative responses critical of this or something like Its a start or Well, its something.
But considering that he labels the gap as the primary problem, will the measure he submits solve this? Of course, the answer is no. The spread of income and assets will continue to grow unaffected by the slight increase in what the president offers.
What is needed to solve this problem? Quite obviously, we need to employ many more people creating a lack in the supply of labor. This will increase the demand and affect the wages that must be offered by business.
The solution is simple to see. But Congress and the president will not rework their system of subsidizing those who cannot pay the bills without needing government assistance.
And this is why I say the National Employee Owned Co Op Plan created and funded by government in place of subsidies must be formed by government. The pool of cheap labor that is allowed to exist in our country made up of the illegal immigrants must also be removed to enable the lower and middle classes to increase their economic, political and social status.