Wall Street and Pure Capitalists, like Larry Kudlow, keep up the canard of "attracting and keeping" executives. This is a scam theory not backed by facts.
Under the law of supply and demand, the very theorems Capitalists aspire, the market is flooded with talented people competing against one another, and Investment Houses, thanks to CEO's fine (greedy) efforts are disappearing or already gone.
Reggie Jackson was replaced. If all the CEO's on Wall Street perished on 9/11, the economy wouldn't have come to a grinding halt. The threat that they will be attracted by “lured away” by other entities is a fallacy. These are not the best of times, thanks to their failed strategies of high risk investments with no regard and reckless abandon.
If the Working Class negotiates with one's boss, the salary ceiling would be the amount that a boss would no longer pay because he can get cheaper workers elsewhere.
This is the way all companies should act regardless of federal funds, but fairness smacks in the face of capitalism.
And still, we have grown men and women putting in a hard week’s work, some back breaking, for minimum wage. What a National Disgrace that has now come back to harm our economy since "disposable income" makes the economic wheel go round.
David DiBello
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment