Wednesday, December 19, 2007
Daily Soap Box - Salaries Vs. Increasing Prices
I keep hearing about how much the cost of normal every day goods are going up. Things like, food, fuel and shelter. Basic needs.
Then I hear about how salaries are not increasing at the same rate that these basic needs are.
This is simply ridiculous. As much money as there is flowing around Wall Street and other markets and we don't have enough to pay reasonable rates? When some CEOs are raking home millions in salary, options and other benefits?
This situation only increases the divide between the rich and poor and significantly hurts the middle-class.
Why do you think so many people are in credit pinches? Why did so many people buy homes as investments? Because they don't make enough money under traditional methods. Sure a lot of people spend money on stuff they don't NEED, we all do that, but the economy as a whole, as it's been built, hurts when people aren't buying those needs. So now what? Recession as everyone keeps saying...perhaps.
The cause? I believe it's the stock market. It focuses primarily on business growth and profitability at the expense of everything else. Customer service? Naw, too expensive! Pay reasonable rates? Why? These people need jobs and they'll work hard for what we pay them, because what other choice do they have?
We middle-class workers are nothing but serfs to the dukes and earls of big business. The only thing to change it would be for the stock market to completely fall apart and for people to be paid what they are worth. A recession won't do that though. The rich won't be hurt by that, only the lower and middle classes. The rich will allow us to suckle on a bit of their money until we get enough ahead to start making and spending our own money again. It'll start all over.
We need a fundamental change, but only something big and scary will make that happen. Who knows what and when that'll be.