by From Ken Zimmerman Today and for the last 50 years economists have played a large part in increasing both the rate and impacts of poverty. Of the many factors involved in poverty, economists have increased the severity of three of these–unemployment, low wages, and poor health. Dominant economic theory today doesn’t even recognize the event unemployment, so its virtually impossible that these same economists can develop public policies to address the factors that lead to the rise of unemployment and the impacts of unemployment. America is infamous for low wages and low wage jobs. The minimum wage has not increased significantly in over 30 years. Economists helped force many people into poverty and now with their opposition to a livable minimum wage they work to keep them there.
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from Ken Zimmerman
Today and for the last 50 years economists have played a large part in increasing both the rate and impacts of poverty. Of the many factors involved in poverty, economists have increased the severity of three of these–unemployment, low wages, and poor health. Dominant economic theory today doesn’t even recognize the event unemployment, so its virtually impossible that these same economists can develop public policies to address the factors that lead to the rise of unemployment and the impacts of unemployment. America is infamous for low wages and low wage jobs. The minimum wage has not increased significantly in over 30 years. Economists helped force many people into poverty and now with their opposition to a livable minimum wage they work to keep them there. Finally, with their willingness and enthusiasm to deny health care to almost 50 million (maybe more) Americans, mostly poor, economists help ensure that poor health will be a part of the lives of many of these people. God, if survival is the goal, the poor of America have every reason to rid the nation of all economists.
https://rwer.wordpress.com/2019/05/10/share-of-income-earned-by-top-1-percent-1975-2015-7-countries/