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All Three Pillars Holding Up the Economy Have Cracked

All three pillars propping up workforce spending are cracking. Plan accordingly.

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Charles Hugh Smith
Dec 16, 2024
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Karl Marx and Henry Ford both understood the key pillar of an industrial economy: the workforce has to earn enough to buy the output of the economy. If the workforce doesn't earn enough to have surplus earnings to spend on the enormous output of an industrial economy, then the producers cannot sell their goods / services at a profit, except to the few a…

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