Random Thoughts, Wage Slave

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Is the growing distance between the “haves” and “have-nots” a problem? I think it is. Now I’m not talking about the chronically unemployed, substance abuser who is constantly trying to get onto the latest and greatest government program. I’m talking about the normal, everyday working person who’s wages have been stagnant (at best) or have actually lost ground over the past twenty years. Is the solution to have some government “officials” take from the “rich” and redistribute to the poor? Should some government minion be determining a “minimum” wage? I would say not. For many, many years the traditional “gap” in earnings averaged in at approximately 20 times more. In other words, the highest paid people in an organization earned 20 times more than the lowest-paid echelon in the workforce. Today that difference is much higher, sometimes 100, 200, or even more times difference in compensation. Such disparity can only end one way, in resentment and desperation for the “have-nots.” Employers almost universally reject the latest “minimum wage” proposals and they do have a point…to a point. The last thing anyone should desire is to have the government get more involved but if this “wealth gap” continues to widen, and it certainly seems that it will keep trending in that direction, there will be ever louder demands for someone to do something and the “controllists” in power will gladly oblige. Business owners and top level management would do themselves well to steer back toward that tried and true 20 times earnings differentiation. The well-off are not helping themselves by continuing this self-destructive race for an ever greater slice of the pie. One can’t help but observe that these same people certainly appear to have all the money they “need” to pursue their own wants; boats, second homes, vacations, new cars (at the high end of the price scale, by the way), and many other accouterments that blatantly broadcast their “success.” All the while these very same people seem to incessantly complain about how hard they have it and how difficult it is to make ends meet. That they really don’t make very much money…except the empirical evidence contradicts that narrative. Business owners and top level management constantly attempt to cut “costs” like employee’s wages and so-called “benefits” (you know those things you pay more for every year and get less use out of like health insurance for example) while at the very same time padding their own pockets with bonuses the size of most of their employees annual wages, separate (and far superior) benefit packages, and other perks normal, “regular” employees will NEVER have access to. What used to be the land of opportunity is fast becoming the land of opportunists who will trample anyone who stands in the way of personal enrichment. The destructive gospel of profit above all else is corrosive and dangerous to a free and prosperous world. The way that had been open for so many to improve their lot in life is rapidly closing with only a select few holding the bulk of the wealth of the whole world. A recipe for unimaginable catastrophe is being prepared and unless we all work together to renew the promise of an actual land of opportunity, humanity will be set back a thousand years. We must act to get the government out of our lives to the greatest extent possible (both personally and in business life), retool the “profit first” thought process of the business owner(s) and top management; while making a profit is an important thing, it is simply not the only thing. Continuing down our current path is folly and will bring about our own demise. Until next time…

 

 

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