Labour Expense Multiplier
There are four primary issues in our economy which contribute to a continual rise in inequality:
- The global supply of cheap foreign labour, resulting in the outsourcing of jobs from developed nations to developing nations.
- How our current tax structure rewards investment and discourages the hiring of and desire to perform labour.
- The global race to the bottom in corporate tax rates.
- The rise in automation and replacement of labour.
It is my belief, that the following new expense multiplier can alleviate all four of the primary issues above.