The Dow Jones is Up, But What About Main Street
Michael Moore is a polarizing figure and says things that most of America does not agree with. One thing he did say I agree with was that we need to stop looking at the Dow Jones Index and focus on the â€œDoug Jones Indexâ€, a measure of how ordinary hard working folks are doing. With small business supplying a majority of the GDP and supporting most of the employment figures, why canâ€™t the powers in control of our economy come up with a better barometer to judge Main Street? Everything is judged on Fortune 500 companies, mergers, acquisitions, big banking and all their out of reason bonus payments.
The new Index should take figures from before the recession and run them through current. Those figures would include number of small businesses, number of employees, availability of credit, unemployment figures and productivity to name a few. Everyone has a different definition of small business, but it should be below 50 employees and each employee should be accountable for â€œXâ€ amount of dollars in revenue. Maybe then, we can get an accurate view of how the average American is really doing.