Micro 1-17

Micro 1-17 - Micro 1-17 Holy hell heart attack patients...

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Micro 1-17 Holy hell heart attack patients wait 20 minutes for emergency room attention while their insurance is checked. Over TWICE the wait from 1997. What’s the problem? Jobs & real wages o Jobs created tend to be in low wage service centers Living costs are outpacing wages (housing, healthcare, transportation) Sources? o Global Factors Trade Outsourcing Immigration o Technology o Housing Crisis Housing bubble high prices mostly affected non-homeowners Property taxes rose with values, forced some to sell their home People who really couldn’t afford a home bought into the “real estate is a permanently rising market” bullshit, now burdened with major mortgage debts Downward Spiral o One person gets laid off, spouse can’t support whole family, charges things to credit cards, debt accumulates, credit company demands more money, other companies allowed to demand more money once you’re behind on one card Implications Burden on Public Resources
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Micro 1-17 - Micro 1-17 Holy hell heart attack patients...

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