This article from business week says that wages in the USA are in a death spiral down.
It's true. This is going to be a very hard time.
The only place this isn't true is in government jobs, pensions and where parasitic unions have sucked the life out of everything until we are at the point of collapse. The CTA (Local Train System in Chicago) is broke. 90% of the money it spends goes to union workers. Not on cars, tracks upgrades, electricity. Something is wrong here. The system is collapsing.
The problem is, in the private sector it's MY MONEY I'm giving for jobs. I will gladly pay anyone any amount if they can produce incomes excess of their input. A dollar in and two out. If they can give me back three dollars for a dollar in then I'm in the mood to keep and reward that good work.
The idea of Creating Jobs is wrong. Creating an environment where jobs multiply is what matters. If a person has never met a payroll in his life he doesn't get this. That's why most in government, and in particular this administration are so inept at economics and the jobs situation.
In the public sector it's someone else's money. It doesn't matter. It's all being a big shot on someone else's credit card.
The government has stolen my identity and is using it to live large.
No comments:
Post a Comment