She left out a lot of key information. You can tell she has a little bit of money and trying to make it seem like the rich didn't get richer because of lower wages and higher bonuses. She needs to talk about the NAFTA treaty which allowed business to outsource labor and products cheaply . I can go on and on for days. I think I might make a you tube clip of my own about this topic.
Thanks for making this so clear and informative. I think a lot of people would benefit from actually knowing how economics worked before they go off making their cases about social stratification that capitalism causes. They forget social mobility happens both ways
There is no self-made millionaires, because he needs help from other people (i.e. connections). There is some interaction with other people., so it is not self made.
I think the danger with basic economics is that it tends to generalise too much (to keep things simple), and then we end up believing it to be true of everyone.
I liked how you focused on individuals. Knowing that bad times are just temporary (not necessarily easy of course) makes it easier to cope. Great economic tips.
I do not buy into the Rich Getting Richer, Poor getting Poorer paradigm. I like your conclusions but they don't support getting free stuff. People like being victims and getting free stuff.
She left out a lot of key information. You can tell she has a little bit of money and trying to make it seem like the rich didn't get richer because of lower wages and higher bonuses. She needs to talk about the NAFTA treaty which allowed business to outsource labor and products cheaply . I can go on and on for days. I think I might make a you tube clip of my own about this topic.
Nosam09 1 year ago
Thanks for making this so clear and informative. I think a lot of people would benefit from actually knowing how economics worked before they go off making their cases about social stratification that capitalism causes. They forget social mobility happens both ways
GetHealthyHQ 2 years ago
Basic economics for the average person. Love it.
FutureClassicMedia 2 years ago
I didn't know that half the people below the poverty line where out within 2 years.
Escalantej1 2 years ago
Great video on basic economics.
Good that you point out that 80% of the top wealthy were self made millionaires.
JamesMasonBlog 2 years ago
There is no self-made millionaires, because he needs help from other people (i.e. connections). There is some interaction with other people., so it is not self made.
pr0gm3r 2 years ago
Very interesting and timely economics information.
datpace 2 years ago
Great info on economics. Great info to get down the basics.
jsbatts 2 years ago
I share your views. great vid
misterp4misterp 2 years ago
This is great information on basic economics. Thanks for the tips.
babysittinglady 2 years ago
I think the danger with basic economics is that it tends to generalise too much (to keep things simple), and then we end up believing it to be true of everyone.
strategiesforsuccess 2 years ago
I liked how you focused on individuals. Knowing that bad times are just temporary (not necessarily easy of course) makes it easier to cope. Great economic tips.
healingalternative 2 years ago
Your simple introduction to basic economics is so timely
AprilJBraswell 2 years ago
I do not buy into the Rich Getting Richer, Poor getting Poorer paradigm. I like your conclusions but they don't support getting free stuff. People like being victims and getting free stuff.
BodyLanguagePro 2 years ago
Kate, your economics info is perfect for today
robrsnotes4u 2 years ago