What Ought To Happen
Dear Senator Obama and Democratic candidate Dr. Melancon,
We have a declining economy, one in which wages are stagnant and only the service sector is growing. Manufacturing jobs and wages are going abroad, which means that things that are sold here are becoming less expensive. While that is beneficial to those who have high salaries, it is not at all helpful to those who have lost their well-paid jobs and are getting by on several low salaries or on one that is altogether less than they need for living.
While a higher minimum wage, occasionally referred to as a living wage, is desirable, many businesses threaten to relocate offshore where wages are less, and expenses are less.
The business that pays low wages is expecting to sell into an economy where wages are high, an anomaly. It seems that some intervention is necessary for the sake of our economy here in the U.S.
Simple mathematics ought to be the measure here. A business that sells in the U.S. ought to produce a wage base proportionate to the amount it needs in profits, for the sake of our economy. It would be advisable for the government, instead of mandating a single aspect of business, living wages, could litigate for sanity in economy. Profits should not exceed by obscene amounts the amount invested in facilities and in non-executive wages. Instead of Free Trade that lets other countries have direct access to the prosperity enjoyed by American workers, we need to instigate Pay As You Go business balance. The deep pockets American workers once had are increasingly shallow, and expenses are growing at a greater rate than their capacity to afford living costs.
Under a balanced system, business can't constantly diminish the economy, but has to maintain it.
Our shared economy cannot be at the mercy of those business interests that wish to take the prosperity as their right, and do not recognize their duty to contribute to it.
The shared responsibility for our world is one that should be all of our initiative. When instead there are elements that would take all and leave nothing for the rest of us, there is regulatory power given to the government. That power can be used wisely, and well, for all of us.
Sincerely,
Ruth
*************************************************
I thank you for your attention to this matter. My legislative background includes the first bill to give federal protection to endangered species and the Plant Closing legislation which required workers to be given a period of wage payments in the event of suddenly closing their place of business.
We have a declining economy, one in which wages are stagnant and only the service sector is growing. Manufacturing jobs and wages are going abroad, which means that things that are sold here are becoming less expensive. While that is beneficial to those who have high salaries, it is not at all helpful to those who have lost their well-paid jobs and are getting by on several low salaries or on one that is altogether less than they need for living.
While a higher minimum wage, occasionally referred to as a living wage, is desirable, many businesses threaten to relocate offshore where wages are less, and expenses are less.
The business that pays low wages is expecting to sell into an economy where wages are high, an anomaly. It seems that some intervention is necessary for the sake of our economy here in the U.S.
Simple mathematics ought to be the measure here. A business that sells in the U.S. ought to produce a wage base proportionate to the amount it needs in profits, for the sake of our economy. It would be advisable for the government, instead of mandating a single aspect of business, living wages, could litigate for sanity in economy. Profits should not exceed by obscene amounts the amount invested in facilities and in non-executive wages. Instead of Free Trade that lets other countries have direct access to the prosperity enjoyed by American workers, we need to instigate Pay As You Go business balance. The deep pockets American workers once had are increasingly shallow, and expenses are growing at a greater rate than their capacity to afford living costs.
Under a balanced system, business can't constantly diminish the economy, but has to maintain it.
Our shared economy cannot be at the mercy of those business interests that wish to take the prosperity as their right, and do not recognize their duty to contribute to it.
The shared responsibility for our world is one that should be all of our initiative. When instead there are elements that would take all and leave nothing for the rest of us, there is regulatory power given to the government. That power can be used wisely, and well, for all of us.
Sincerely,
Ruth
*************************************************
I thank you for your attention to this matter. My legislative background includes the first bill to give federal protection to endangered species and the Plant Closing legislation which required workers to be given a period of wage payments in the event of suddenly closing their place of business.
Labels: Credit Crunch, Democracy, Election 2008
posted by Ruth at 1:00 PM
3 Comments:
OT sorry, but I seem to have stumbled onto a gem and yours was the sole blog window I still had open - It's McCain on Elian Gonzales circa 1/5/2000. You're good, eat maverik's lunch!
http://transcripts.cnn.com/TRANSCRIPTS/0001/05/lkl.00.html
Very interesting, and thanks,anon.
This article addresses the same issues regarding agriculture, and how the big economic theorist assholes have fucked everything up. The real plan: no leg-up for the modest of means. Everything for the benefit of the wealthy and powerful.
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