Thread: This Scares Me
View Single Post
Superman Superman is offline
Senior Member
 
Superman's Avatar
 
Join Date: Mar 2000
Location: Lacey, WA. USA
Posts: 25,312
This Scares Me

Ron mentioned Wal-Mart's fear of the Employee Free Choice Act, which got me thinking. We've discussed a number of challenges facing America these days. Mounting federal debt is a serious concern. Lots of other things are too. But there is one that I find more frightening than the others.

You see, real wages have been falling while corporate profits skyrocket. That was the plan, nicely executed. The current "administration" launched an all-out war against workers and unions beginning immediately after taking oath, and those efforts have been ongoing ever since. Again, this was the plan. The net effect has been higher profits and reductions in real wages. With inflation certain to get substantially worse in the coming months, this strategy will continue to bear fruit. In the form of reduced real wages, reduced buying power, reduced standard of living, reduced security, reduced commerce and reduced tax revenues. Worker productivity, BTW, has continued to rise throughout this period.

Increased federal debt is a problem. Solving it with rising wages would be painful. Solving it with falling wages will not be painful because it will not be feasible. Economic recovery with falling wages and rising inflation will be impossible.

Many of you guys bemoan the forced redistribution of wealth. Okay. Currently, there is a deliberate redistribution of wealth going on which I guess is okay with you guys (increasing profits and decreasing real wages). I think it is our biggest problem. Respectfully.

I look forward to a liberal administration, not because of higher taxes or increase welfare programs. I look forward to it for the reversal in labor policy. I look forward to the end of a long and effective war on workers and their wages. Because I think we are doomed otherwise. Not necessarily in four years, but certainly, inexorably, doomed unless workers' wages stop falling. Hard to imagine that this would be the deliberate policy of a patriot.....this business of reducing the earnings of Joe Lunchpail.
__________________
Man of Carbon Fiber (stronger than steel)

Mocha 1978 911SC. "Coco"
Old 08-01-2008, 12:20 PM
  Pelican Parts Catalog | Tech Articles | Promos & Specials    Reply With Quote #1 (permalink)