It’s reported we are experiencing a slight upturn in the economy as of recent. However, can you say you are seeing it at your level? More often than not, people are saying they rather not even seek employment with the economy in its current state. Our dismal employment rate seems to reflect this same sentiment nationwide. This seems to point to an overall Disillusionment of the American Labor force.
The real time cycle that defeats raising of the minimum wage is that the cost of living simply increases to make the effort redundant. Even the mere mention of a raise in minimum wage results in increased prices. Some in Congress have proposed a price cap, but this serves no purpose if prices have already risen in expectation of a wage increase.
Rampant Corporate Greed
Some would argue corporate greed is perhaps the most serious issue affecting our economy today. Rather than simply going under like so many families do every day, corporations afford a bailout when their poor business decisions result in the collapse of their company. This was an eye opening revelation to the American laborer. Many expressed their outrage by simply walking out of their jobs and never looking back. Many of these former members of our labor force now survive on government assistance to get by rather than work 80 hours a week with no more to show for their labor than what they can get from unemployment compensation.
The National Debt
17 trillion dollars is a sum so large it is typically reserved to measure the distance between planets. If every man, woman and child were to pay $100,000 in taxes every year for the rest of their lives they would never see this debt paid off. Our children are born in debt and this debt will be owed by our children and our children’s children. One could say that as long as this debt looms over us all then no one in this country has the right to be wealthy. Those disillusioned among our labor force wonder why this astronomical debt should be upon their backs while others continue to enjoy wealthy lifestyles.
In the larger picture of our overall economy a small blip of positive growth does not promise a brighter future as long as our workforce continues to feel alienated. How would our leaders expect to realistically repair our broken economy when one half continues to enjoy prosperity and the other half refuses to bear the weight alone?