- Dear Abby
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Surveys indicate the public considers the most pressing problem today, economically, is lack of jobs and high unemployment. While there are signs of recovery since the "Great Recession" started in 2008, jobs are scarce.
Why? Lack of demand for goods and services. The middle class has no money to spend! There are ways to increase demand:
Authorize extended unemployment wages, currently stopped.
Increase the minimum wage, currently $7.25; it should be $15.50, taking into account inflation and increased productivity.
Decrease taxes on the middle class.
Authorize spending on infrastructure repair, sorely needed.
The above programs could be financed by increasing taxes on the top 10 percent who have fared magnificently since the recession started.