The system -- any system -- does not allow wages and benefits to grow faster unless they are justified by increasing productivity.
In other words, we cannot become wealthier unless we increase the total wealth of the country through higher productivity. The issue is not capitalism or socialism. The issue is that this is how things work!
To find out more about my in depth view of the markets and my strategy just visit our website https://www.peterdag.com/ where you can review The Peter Dag Portfolio. You can also call me at 1-800-833-2782 to discuss your specific money management needs.
I will be happy to speak to your investment group on how the business cycle impacts investment strategies and the choice of asset classes.
George Dagnino, PhD
Editor, since 1977
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