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The point is, regardless of economic conditions now, or in the past 20 years, there is NO INCENTIVE for people to save rather than invest. Employed, unemployed. Higher wages, lower wages. Without an incentive to save, people will continue to use their money in other ways. And when you add in the increase in personal debt, which is higher than the decrease in wages, there is less available disposable income to use period.
To try to tie a lower savings rate to lower median wages only makes sense if you exclude every other factor, all of which have a larger negative impact. You can't simply mandate higher wages, except in government and quasi-government institutions, which are also the only ones not currently being negatively impacted by rising unemployment. What those entities all have in common though, is that they don't directly enhance available revenue, to positively fund those increases.
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John
Ontario 32 - Aria
Free, is the heart, that lives not, in fear.
Full, is the spirit, that thinks not, of falling.
True, is the soul, that hesitates not, to give.
Alive, is the one, that believes, in love. JCP
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