Quote:
Originally Posted by Neal Stevens
You know who is allowing--indeed, promoting-- Wal-mart's job splitting and powerful business model? The people who "vote with their wallets". You may try arguing with them.
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We can do that. At that opportunity we could ask them if they earn enough money so that they could afford to buy in a more expensive supermarket instead of a discounter.
There is a reason why cheap discounters are booming.
At the same time these discounters can only be cheaper, because they offer less service and pay their employees worse. Which leaves you with employed but exploited consumers having less money - and thus many cannot afford to buy in more expensive supermarkets - where the workers get payed fairer wages.
The minimum criterion for a fair wage is that if somebody works fulltime a week in a given job, he needs to be able to make a living by his income that funds his family, pays for raising and educating his children, and secure his life's evening when he has become old and does not work anymore. Else there would be no point in working fulltime.
Steve,
your math is all nice and well, but I say there is no business job in the world that justifies somebody earns 2000 times as much as his workers in the storehouse that also work full time. I also doubt that these overpayed supermen deliver a stressload and workload and workload that is 2000 times above that of a single worker.
Also, highranking CEOs usually are not held responsible if they exploit their position to maximise their profits, if they mess up and bring havoc over their company, if they fail. They do not have to compensate the losses they have caused, and they are not held responsible with their private money. This is hilarious! Every toilet cleaner gets ounsihed wose for incredibly minor failings! We have had many court cases thgat made it to the headlines over the past 12 months. Those at the top can keep all the money, and eventually even get payed more money if they agree to let their contract rest and do NOT work. What a lovely way to get punished for failure! What must I do to get punished like that? Many economy insiders and analysts will confirm that this is a huge problem, it leads to many managers working without having any link and personal interest in the company and it's business branch they work for, they just want to rip it off, and then move on to the next.
early this week I read a report that says that even within almost all of the banks that have messed up completely and took taxpayer's bailout money, the mean income of top bankers whose greed already made us all bleed - in the past 5 years raised by 400% in mean. At the same time their banks were struggling, where firing staff, costed the taxpayer hundreds of billions, caused millions of people being pushed into an existential abyss - becasue of decisions and policies made by those irresponsible gangster at the top.
what you also completely seem to ignore is that within a business, men tend to form what in german is called "Seilschaften", cliques of people knowing each other, supoorting and protecting each other, not hurting each other (dog don't eat dog), and conpirate to maximise their incomes mutually. This is possible becasue there is so much lack of transparency and independant monitoring, and becasue of a very interwoven network of mutual relations and interests. You make decisions that allows the additonal million for this guy, and he makes that decision that allows you your own additional million. It is not only banks. You see it in every major economy branch. Sometimes the profit interest of the whole company - for the benfit of those at it's top - gets mutually pushed like this, then you are dealing with cartels that prevent market regulation of prices. Oil, and energy suppliers as well as coffee importers and pharmaceutical companies are known to practice like this in very extreme ways.
I said it before and I say it again, true capitalism is not interested in free open markets, but in establishing monopolies and cartels. It is not interested in leaving consumers the choice, but in preventing them to have a choice. It wants no competition, but seeks to prevent competition. It wants to dictate the prices, and where it is given the chance and freedom to do so, it does. Gasoline is the most obvious - but by far not the only - example.