Here it comes, the second step in the three step plan. The minimum wage will increase to $6.55 in less than thirty days. (For those who are unaware of this plan, here’s a link.) Which, of course, means that even more prices will go up and even more people will be laid off or just plain fired soon after.
Now, I’m not an economist (nor do I play one on television), but it seems to me that our countries financial well being is being administered by strategically shaved monkeys stuffed into really expensive suits. I mean, it’s like their sole response to any financial problem is throw their shit at it and make as much noise as possible.
I once saw a very stupid headline that read: County to pay $250,000 to advertise lack of funds. The gist was that this particular county was going to spend a quarter of a million dollars to publicize its tight financial state with the goal in mind of getting voters to approve higher taxes. Okay, so if it worked, then they would get more money to run the county … but they’d still be out the quarter million. And how many taxpayers are going to say, “Damn, would you look at that? They must really need more funds if they’re willing to spend so much to get us to vote for higher taxes, huh?”
Okay, so our government has spent over 65 billion dollars on “Economic Stimulus Payments.” Businesses are folding right and left, lots and lots of major employers are moving to less expensive countries, gas is slowly becoming more expensive than booze (which will really make MADD happy, I suppose), and unemployment is slowly heading to hitherto unknown heights, and our governments response is to spend more money.
Did we find more gold somewhere? Are these billions coming out of a special secret fund that started back during WWII just in case of such an emergency? Or is this made up money, pulled out of a bunch of well dressed monkey’s butts and handed out to people too damn stupid to realize that the answer to an economic problem isn’t spending money that doesn’t really exist!
Workers are upset that they’re paychecks are too small to buy what they need and want (mostly because prices keep going up for damn near everything, while they’re pay - in that they are minimum wage workers - stayed the same), so our government, instead of curtailing inflation and dealing with the reasons behind corporate greed, decided to increase the minimum wage over a three year period.
Well, that ought to do the trick, huh? Because, as we all know, the answer to workers not having enough money to buy what they need is to pass a law making their employers pay them more money. How elegantly simple … or simple minded, perhaps. How is a corporation that has raised prices when their employees got the old rate going to respond to having to pay out more money? Will they smile and explain to all their stockholders, “sorry, folks, but it’s the law … you’ll just have to get by with smaller dividends and profits … we know you’ll understand and be compassionate to the plight of the working poor, right?
Oh, hell, no! They’ll raise their prices or lay off workers or, and more likely, do both! The cost of the stuff the workers want and need will go up and chances are that their higher pay will actually buy less stuff, not more. The rising prices will make all the unions try to renegotiate for their members, to raise salarys commiserately, and more companies, not wanting to deal with any of this new round of bullshit, will head overseas where minimum wage is around three cents an hour … and raise prices, still, just because they can.
The basic flaw with the capitalism philosophy is that it’s hinged on the good will and responsibility of the wealthy. They have to be aware of their worker’s needs, loyal to the men and women who toil for them, and act accoringly to ensure that their workforce is - if not happy - at least able to continue working. That is, they have to pay them enough to keep them going, in good health, and to inspire loyalty from the workers. Men like Sam Walton understood that.
Men like George W. Bush, don’t. To them, the goal is to make as much as possible, as quickly as possible, and if the faceless masses doing the actual work bitch about it, fuck them and move it all to Ecuador. Look how much of the running of Texas he handed over to private industry back when he was Governor … this state used to be one of the best for air, water, and soil cleanliness. Then he all but let the polluting industries write the state laws and now this once proud state is a friggin’ dump. Men like him are doing the same thing with the countries government responsibilities and these “fixes” to the economy are proof.
I know that no nation on the planet will last forever and no ideology is perfect. Most nations weaken and fall before the swords of invaders … I sometimes think ours will be the first that commits suicide.
Ah, ignore me … it’s been a bad day and my back is giving me hell, which always makes me gloomy.