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For instance, although many Americans have debt, robot many also have savings — particularly those that save for retirement (hopefully everyone). As I mentioned above, just because prices go up doesn't mean your salary will. If it does (and everyone else's does), our (as a country) global competitiveness will fall. robot That makes our exports robot drop and imports rise causing a trade imbalance. High growth rates can't be sustained. Then the cycle turns around. Worse is how it affects the lower class. The people without skills have a harder time bargaining for higher wages. They don't have a mortgage to try to inflate out of — they rent. They don't even have much debt — they can't get credit. Their rent goes up, their energy bills go up and their food costs go up. In other words, it really sucks. They might even drop below the poverty line. The first point was whether a low unemployment rate is bad.
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