Adam Smith’s Rubbish Bin(TM)
Hosts Bill Keep and Nancy Lasher discuss how business and democracy don’t always work the way they are taught in schools and universities.
Adam Smith’s Rubbish Bin(TM)
Everyday Consumers and the Lost American Dream
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BKNL Productions LLC
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Season 1
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Episode 3
In this episode we look at the impact of increasing income and wealth disparities and prices on consumer spending. For example, the top 10% of all US households now accounts for 50% of consumer spending and the average house price ($500K) is now six times median household income ($80,020). In 1955 the average house price was 2.5 times the median income.