Sandy said- (I wish I could italicize...)
"Our business leaders don't yet see what their grandfathers understood at least dimly; decently well-paid workers are the economic engine that fuels business. The major thing fueled by woefully underpaid workers is tax bills for social services people should be paying for - and able to pay for - themselves.
Corporate America doesn't currently understand that what it is doing now amounts to a long, slow shooting in the foot. There are easy "profits" to be made by closing Stateside factories and outsourcing jobs now, but those phantom profits are not sustainable, because once you've closed your manufacturing operation and laid everyone off, that's the only time you can make money from that particular action. After that, you're actually in thrall to your suppliers, who may - or may not - continue to supply artificially cheap goods. China could put Wal-Mart out of business within six months if it said, "No more Mr. Price Guy." "
At one time I would have agreed with you, but I'm beginning to feel that this is planed. I've never been a conspiracy nut but I think there is a conscious decision by many in the corporate world to reduce the standard of living of most of this country. The divide between the super rich and the poor today is so great, that you have to go back almost 100 years to see anything similar.
It's a tricky situation, corporations need to be profitable and are responsible to their shareholders, but they also need to be good citizens of this country. Way back in the late 1800's they were granted "person-ship" for lack of a better word but they are not acting as good citizens. They can now spend freely to influence elections and their power will grow. They hold no allegiance to anyone but their own greed.
I agree consumers are to blame also, but it's hard to justify spending more when your wages are frozen or falling as they are today. I refuse to shop Wal-mart and rag on family members who do. Luckily we have Meijer's which is family owned and competes and grows in competition to Walmart. Their prices meet and beat Walmart and they pay a decent wage. They are not perfect, I've had a number of family members who worked there for 15 -20 years and are glad to be gone but it's not the hell hole walmart is.