Saturday, September 04, 2004

this must be what trickle down economics is all about. they think that if the owners save money, that the money saved will be pumped back into the business creating more for all.

nice theory. only, it's not reality. considering the average CEO pay raise this year alone was over 50%, many in the 70's... and with the common worker pay raise about 2.5%, one can not with a straight face say that the more a company profits, the more the company will distribute back into the business.

sure, there are companies that are doing this... of course. but there are many, MANY more that aren't. considering outsourcing. qwest outsources their services, eliminates say 1000 jobs. the profits saved by that is instead being dumped into more luxuriious accommodations for the elite. how else would you explain why businesses are nabbin up humvee's instead of ford rangers? they get more of a write off on the humvee. so what happens to that write off? it goes into the pocket of the CEO. or it's spent on new offices for them. if it was going back into the business, say like with new equipment, safer conditions, or even raises (god forbid), businesses would be doing so much better than they are.

like the union guy said tonite: how can you expect a worker to lose his job to india, and go work at mcdonalds or wal-mart, and pay for that caddy? this will bite the greedy echelon on the butt if they don't change course.

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