monteefyster
10-06-2008, 11:12 PM
OK first let me qualify this post by saying I ALMOST NEVER entertain a political discussion, too many attitudes and some disagree just for the sake of disagreeing. So, I try to refrain from political discussions. this statement does not man that I am not vigilant of whats going on in our great country called America.
Over the past few years, the economy of this great country has been a shambles. Everything from gas prices sky rocketing,retail prices continuing to rise, interest rates having very little effect on the economy.yada yada yada. I could create tombs of issues that are effecting the economy.
Every blue collar worker, politician & every John Q. Public will offer their take on his issue. I am about to share my opinion with everyone. The BIGGEST issue effecting our economy &Job Market today is corporate America. That's what I said, Corporate America.
Many of the corporations in this Great United states, have CEOs, Board members, Division Heads, department heads who receive not only immense
compensation beyond the wildest dreams of John Q. Public, but they also receive bonuses that are worth more than many of us blue collar workers salary for 5 yrs. meanwhile, blue collar workers continue to fight to make ends meet, struggle with soaring insurance payments for health,home & life. They,in general, have no threat of losing their jobs due to drops in product sales or a changing market. They are very secure in their positions and continue to take fabulous trips & vacations( many under the guise of business work) many of which are at company expense.
The biggest effect on this sour economy could be made by these same Company administrators( for the lack of better words). If they would cut back on these executive BONUSES, Exorbitant trips and even adjust their
monumental salaries(if even just a little) and funnel these monies into better wages for their hourly employees, creating new positions within the organizations production would increase exponentially.
If this was done by many of the HUGE corporations company wide, this in it's self would have an effect on the economy. All too often companies pay employees as little as possible which brings low moral along with it. This not only effects job performance, but attendance and quality output. Oil companies such as EXXON and shell make 10s of millions of dollars while their
employees at local outlets continue to make,if not minimum wage, just barely above it. many manufacturers continue to pay employees poor wages while making super profits. Meanwhile these blue collar workers continue to fight to
make ends meet weekly without even being able to consider life insurance or health insurance for their families.
why does this continue to happen? Quite simply, these Corporate Executives have nothing to lose and everything to gain in the current structure. They have no worries of having to walk the unemployment line, visit food banks or even being denied Public assistance benefits because they earn too much. Not to mention, many blue collar workers are virtually unable to even consider 401K or any other kind of retirement plans. Execs
invest their cash crops to set themselves for a retirement as comfy as their job.
Besides things like Gas prices & mortgage rates, I believe this is a huge economy factor. Increasing employee wages to a more competitive rate would pour millions of dollars into our economy. It would give Mr. & Mrs John Q. Public money to not only invest in their retirement,but to Keep their current home or even purchase a new first home. It may even allow them to purchase much needed insurance, invest in their Children's educational futures, make purchases they before could not afford. This, in turn, would alo have an effect on the housing market, auto industry and banks. With blue collar workers in a better position to spend they would also be in a better position to pay off mortgages & loans, even perhaps acquire loans with
the comfort of knowing they will actually be able to pay it off.
This all seeming all cake & candies, there is one problem. Corporate America cares NOTHING about the keeping the average employee for the long term. They could care less if they can afford insurance or saving for retirement. Their mentality is that they will simply replace you with another who is looking for work. Due to the fact that in most parts of the country jobs are becoming increasingly hard to find, companies can offer lower wages
knowing that people will take whatever you put on their plate. Until the corporate mentality changes, this will never stop. Guess what..Corporate America is in no rush rescue their blue collar workers.
Tax breaks at income tax time for for those who purchase health insurance during the year, does nothing for people during the year when they are struggling to make ends meet. IMO, newly created tax breaks are merely a pat on the back to make politicians look good.
"Put money back in the pockets of those you earn you money, and everyone will prosper. Cause an employee to feel rewarded in the right way(wages), and you will not only get better performance but you will retain that employee for years to come"
Well, that's all I got to say about that..I...AM....OUTTA here..
|\/|[]|\|TEE
Over the past few years, the economy of this great country has been a shambles. Everything from gas prices sky rocketing,retail prices continuing to rise, interest rates having very little effect on the economy.yada yada yada. I could create tombs of issues that are effecting the economy.
Every blue collar worker, politician & every John Q. Public will offer their take on his issue. I am about to share my opinion with everyone. The BIGGEST issue effecting our economy &Job Market today is corporate America. That's what I said, Corporate America.
Many of the corporations in this Great United states, have CEOs, Board members, Division Heads, department heads who receive not only immense
compensation beyond the wildest dreams of John Q. Public, but they also receive bonuses that are worth more than many of us blue collar workers salary for 5 yrs. meanwhile, blue collar workers continue to fight to make ends meet, struggle with soaring insurance payments for health,home & life. They,in general, have no threat of losing their jobs due to drops in product sales or a changing market. They are very secure in their positions and continue to take fabulous trips & vacations( many under the guise of business work) many of which are at company expense.
The biggest effect on this sour economy could be made by these same Company administrators( for the lack of better words). If they would cut back on these executive BONUSES, Exorbitant trips and even adjust their
monumental salaries(if even just a little) and funnel these monies into better wages for their hourly employees, creating new positions within the organizations production would increase exponentially.
If this was done by many of the HUGE corporations company wide, this in it's self would have an effect on the economy. All too often companies pay employees as little as possible which brings low moral along with it. This not only effects job performance, but attendance and quality output. Oil companies such as EXXON and shell make 10s of millions of dollars while their
employees at local outlets continue to make,if not minimum wage, just barely above it. many manufacturers continue to pay employees poor wages while making super profits. Meanwhile these blue collar workers continue to fight to
make ends meet weekly without even being able to consider life insurance or health insurance for their families.
why does this continue to happen? Quite simply, these Corporate Executives have nothing to lose and everything to gain in the current structure. They have no worries of having to walk the unemployment line, visit food banks or even being denied Public assistance benefits because they earn too much. Not to mention, many blue collar workers are virtually unable to even consider 401K or any other kind of retirement plans. Execs
invest their cash crops to set themselves for a retirement as comfy as their job.
Besides things like Gas prices & mortgage rates, I believe this is a huge economy factor. Increasing employee wages to a more competitive rate would pour millions of dollars into our economy. It would give Mr. & Mrs John Q. Public money to not only invest in their retirement,but to Keep their current home or even purchase a new first home. It may even allow them to purchase much needed insurance, invest in their Children's educational futures, make purchases they before could not afford. This, in turn, would alo have an effect on the housing market, auto industry and banks. With blue collar workers in a better position to spend they would also be in a better position to pay off mortgages & loans, even perhaps acquire loans with
the comfort of knowing they will actually be able to pay it off.
This all seeming all cake & candies, there is one problem. Corporate America cares NOTHING about the keeping the average employee for the long term. They could care less if they can afford insurance or saving for retirement. Their mentality is that they will simply replace you with another who is looking for work. Due to the fact that in most parts of the country jobs are becoming increasingly hard to find, companies can offer lower wages
knowing that people will take whatever you put on their plate. Until the corporate mentality changes, this will never stop. Guess what..Corporate America is in no rush rescue their blue collar workers.
Tax breaks at income tax time for for those who purchase health insurance during the year, does nothing for people during the year when they are struggling to make ends meet. IMO, newly created tax breaks are merely a pat on the back to make politicians look good.
"Put money back in the pockets of those you earn you money, and everyone will prosper. Cause an employee to feel rewarded in the right way(wages), and you will not only get better performance but you will retain that employee for years to come"
Well, that's all I got to say about that..I...AM....OUTTA here..
|\/|[]|\|TEE