In an ailing economy, what should be done to increase spending among the people?
One sign that the economy is improving is that there is a corresponding increase in spending among the people. What can be done to increase spending in an economy with slow growth?
The only way to increase spending among the people is to increase employment. The Government is being forced unemploye and the Private Sector is waiting to see who will control Capitol Hill.
Jobs, Jobs, and Jobs. Good paying Jobs at that. People cannot make it on minimum wage. It's simply impossible.
Make sure people have money, circulation being essential for economic recovery. In Australia they actually gave any employed Australian $900 to encourage spending, it apparently worked and was praised by several economists reports and Australia avoided recession...
The point being what is essential is for people to have money which generally is, as the other two hubbers have noted correctly, about jobs, any job that can create money circulation will in turn stimulate the economy, even government jobs.
People can only increase their spending if they are making money. For most, this means having jobs.
Corporate America is holding on to trillions of dollars. If they would loosen up some of that money to create jobs, it would really help the economy.
Also, tax incentives might help smaller business owners to start hiring again.
It's a chicken/egg situation. People need jobs to spend money, but companies won't hire because nobody is buying.
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