Yahoo Answers is shutting down on May 4th, 2021 (Eastern Time) and beginning April 20th, 2021 (Eastern Time) the Yahoo Answers website will be in read-only mode. There will be no changes to other Yahoo properties or services, or your Yahoo account. You can find more information about the Yahoo Answers shutdown and how to download your data on this help page.

8 Answers

Relevance
  • 7 years ago
    Favorite Answer

    Deregulation and a convoluted tax code. Instead of raising our wages, we were told to borrow, which worked for awhile but then you get bubbles and credit crunches (a la 2008 financial disaster).

  • 7 years ago

    American economic recoveries are supposed to start, sharply, soon after a recession is over. The recession was over a full 5 years ago now. Any recovery has been anything BUT sharp. The sad part is that the economy was ready to recover. Corporation started returning to profitability again in late 2009, right on schedule with recovery (the recession was over July 2009). However, due to the oppressive regulatory environment heaped upon business, big and small, business owners didn't want to expand (creating jobs) in this business-hostile environment. When big business doesn't expand, it has nothing to spend it's money on so it builds up. THAT'S why corporate profits are at an all time high. Being that the effects of the recession are still with us, business is still hunkering down, not wanting to spend a lot. This also explains worker wages.

  • 7 years ago

    Because your beloved (D), along with my despicable (R)s, care only about their votes, their money and their power. You know all that income inequality/min wage crap they're spouting? It's a fan dance for you. To make you believe they are really looking out for your best interest. Then, with the other hand, they open the borders to let, unintelligent, low-skill works pour in. Workers that will take your job for 1/2 the pay and not complain. Open your eyes Tom Joad. Stop looking at (R) voters as your enemy. We already saw this crap coming down the pipe years ago. It's going to hurt you. It's going to hurt me. It's going to hurt the illegals that are only jumping at brass rings. The only people benefitting are the power players and their corporate sponsors. We're all getting played and robbed while they all go out to dinner and drinks together. The rest of us are fodder, just there to fill their troughs.

  • 7 years ago

    There is no one answer but profits figure big in the equation.

  • How do you think about the answers? You can sign in to vote the answer.
  • 7 years ago

    One word. Greed.

  • 7 years ago

    It has something to do with the government giving billions to wall street to preserve the fantasy of a "recovery".

  • Anonymous
    7 years ago

    Dang, you listed enough BS links ... did you really think someone would click on all of them ... LOL ! GREED is the answer to your question ... there's no shortage of it !

  • Sum
    Lv 7
    7 years ago

    We have given 40% of our national wealth to the Very Very Rich...... that might have something to do with it. Welcome to the republican Trickle-Down swindle.

Still have questions? Get your answers by asking now.