7 Economic Fundamentals

In this video, Robert Reich lays out the 7 economic fundamentals that demonstrate the problematic nature of the nation's current wealth distribution. 

1. Workers are Consumers

2. Consumer Spending = 70% of Economic Activity

3. Wealthy Spend Smaller Percentage of Income

4. Concentrated Wealth = Not Enough Purchasing Power

5. Sufficient Demand Requires the Middle Class and Poor

6. Policies to Help Working Families

7. Wealthy do Better in a Growing Economy 

Tags:
Economic Fundamentals
Inequality
Wealth Distribution