No, my claim was the the U.S. became an economic world-power because of free market forces. It has been withering into debt ever since it started to abandoned them.
Look up the Laffer Curve and a concept called The Revolving Door of Regulation.
More profits is a byproduct of dereg. Businesses sprout up when the barrier is lowered and as a result more competition enters the market. This would result in employers having to hold their most productive employees tighter and therefore pay them more with said profits. If I really require a reference for basic economics, here you go. http://www.amazon.com/Economics-Dummies-Business-Personal-Finance/dp/B003156AKK
It was a hypothetical, I wouldn't, because it is not the case and I hope it never is. Read your Memoirs of Karl Marx, they had a solution for it.
Are you expecting a Thesis? You actually want me to pair up all of history against each other? I'm not, it's like me asking you to find a communistic state that isn't miserable, there is however a good study under way for an overview of the consequence of the capital controls going on in Brazil. Verdict, bad. http://www.hbs.edu/faculty/Publication%20Files/15-016_c6e7c9cc-70a3-4119-bd7b-8e4b25a26312.pdf
Many end up 'permanently' unemployed from the field that they set out to do. Is more accurate. A law student that ends up working at McDonalds to survive never commenced their career. http://www.forbes.com/sites/susanadams/2013/05/28/half-of-college-grads-are-working-jobs-that-dont-require-a-degree/
It is a byproduct of Government backed loans and Minimum wage. http://www.valuewalk.com/2014/06/student-loan-debt-issues/ As for me proving it would happen anyway without minimum wage, the burden of proof is on you, and no, I do not want you to discharge that burden. I don't care.
Is that English?
No, I don't want your sources.