Aielyn is right, the problem is most business men either don't know what they're doing, or are under too much pressure from investors. The short sightedness of cutting wages/jobs just to make more money (despite the fact that hundreds of millions of dollars of profits are being made) have led to economic collapse. Businesses make money by people buying things, people can't buy things unless they have money, simple cause and effect. Businesses outsource jobs and cutting wages, people work low wages like Ryan here, they spend less, now retailers are getting hit hard (e.g. Best Buy). Malls are in poor shape, when I was working my last job coding mobile marketing apps, my bosses came back from a mall convention in the U.S. and they told us it was really bad, malls don't have marketing budgets anymore. That was about 2 years ago, I can only imagine it got worse. Though one conclusion I came to is that raising minimum wage won't work, all that does is shift the middle class people into the poor class. What needs to happen is minimum tiered wages. Full-time work needs to have a minimum wage so people can make a decent living even if it's stocking fruit a supermarket or working the night shift at Walmart. Assistant management and Management need their own tiers, etc. Leave poor minimum wage for part-timers who are in school and can use some extra cash for stuff. But give good wages to basic full-time positions. You'll see how fast the economy picks up and how employment rate goes up. Plus they have to stop brainwashing people to go into college/university. One of my mistakes was going to school, I could have found some full-time work, make the same wage I was making coding, saved the money I spent in school, worked the time I was in school, and have a down payment for a house by now.
