Transferring from the low paid employee with govenment subsidies to a slightly higher paid low cost worker without govenemnt subsidies constitues a renormalization of the norm.
Economically we have automatic processes such as inflation, additionally we have to examine the three methods of human intervention of the normalization process: government, political influence - whether for the wealthy or unions, and people being unhappy . Normalization changes consumption patterns resulting in a long process
While I will discuss inflation in another article.
Oh yes, only two outcomes are possible: increasing consumer consumption or the wealthy control everything.
The forcing of the minimum wage toward $15/hour with cause a renormalization. The problem here is the minimum income for a poor person and how that is regulated in the rnormalization. Things will be made crystal clear shortly.
- Poor people going to the streets - for instance, the French Revolution
- Government planning without the influence of lobbiests
- The wealthy and their ability to trickle up wealth as a very natural way
This project is about the renormalization of modern America.