The Occupy Wall Street Movement—Helpful or Harmful?


By: Dr. Lynn Reaser

While the Occupy Wall Street Movement’s criticism of the fraud, financial abuses, and government “bailouts” of Wall Street are warranted, it is important not to extend the attack to business in general.

Entrepreneurs, such as Steve Jobs, who started out on a shoestring before climbing to the top one percent, have certainly benefited millions of Americans in terms of jobs, consumer products, or even increases in their 401(k) plans.  The last decade has been trying for all of us, but the median family income of Americans last year was still 8% in real terms above its level of 1985 and 14% above its level of 1975.

To regain our trend of rising living standards, the individuals and firms who create jobs and income for their employees need to be supported not chastised.

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