@shopperbob wrote:
Of all the words in the English language I dislike, and as it relates to life in general, none is more so than "fair." At any time one feels as though the peaches are not to their liking, they have merely to not shake the tree. I learned that adage as a young sailor and it has definitely been a positive in both my personal and business experiences.
That's a good reminder too, shopperbob.
I agree in a sort of broad and idealized sort of way.
I just think that when it comes to wages, things are more complicated in practice, due to what I think of as "inequality of power."
The Dave Ramsey part of my thinking (I can hear him loudly admonishing people on his show) always has the voice in the back of my head saying: "If you don't like it, then quit. Nobody is forcing you to work somewhere you don't like or for wages you dislike. This is America and we're free to do as we please in a capitalist society!"
I agree in principle (and think this was more the case in previous decades of history). I think where I feel it's an oversimplication is in how power dynamics make it tough for:
a.) people to collectively bargain for wages
b.) get ahead economically without equal ladders of support
The capture of our government by big money interests after the 1978 Bellotti case on U.S. campaign finance reform (that allowed big corporations to donate to political campaigns, because it defined money as "free speech" ) saw a DIRECT inversion of worker power and wages in their relationship to management. And it's also seen a destruction of social and economic ladders of support and opportunity once available to past generations.
Bought off politicians worked for the wealthy and big corporations and have crushed unions and crushed many of the ladders of opportunity once available in America. I've posted this before, but just take a look at these two charts:
[
www.theguardian.com]
It says it all. CEO's salaries were once 30-to-1 50 years ago. They are today 300-to-1 with no correlation to how well those companies perform (studies have proven this). In fact, some of the worst CEOs even got hundreds of millions in bonuses from tax-payer bailout money after tanking the world economy and bankrupting their own banks back in 2008.
[They stack their corporate boards (which vote on CEO pay) with people they themselves elected - a practice which should be illegal.]
Worker wages have been stagnant for 50 years, as the median household income is still around $49,000/year - even after adjusted for inflation - which was the exact same back in the 1970's. On the other hand, the major costs of living have skyrocketed: healthcare; housing, transportation; and child care.
Almost all of the income and wealth gains have gone to the top 1%.
Once good paying manufacturing jobs have been shipped overseas (some automated) without a structural replacement in the U.S. It's one thing to pass something like NAFTA and another to do it without a replacement plan.
But, that's been the goal of big corporations (again, who've been able to buy out Congress since 1978). The ladders of social mobility once available to previous generations and to those of big corporate heads have been burned down in many cases.
Without opportunity and without political power, many people are "forced" into working low-paying jobs and the gig economy. All across America, the gig economy is booming:
[
www.theguardian.com]
-low wages, no benefits, temporary/contract work
It's the fastest growing category of work in America right now.
I think I usually hear a kind of false dichotomy of views when it comes to wages on the forum:
"We're free to work for whatever wages we want." vs. "The big bad MSC is oppressing us with offensive work fees."
In principle, I agree that in a free market, people are free to work for whatever wages they want. But, you have to have fair laws that regulate the free market. But since the late-1970's, America has increasing become more and more of an oligarchy through corruption of our political system and the once free market has become more and more unfree (is that a word?).
Edited 4 time(s). Last edit at 07/08/2019 11:46PM by shoptastic.