Thursday, April 12, 2007

Capitalism works, but not for you

Washington Post op-ed columnist Harold Meyerson has written a thoughtful, disgusting little article about the Circuit City plan to fire 3,400 sales clerks simply because they make too much money, and to replace them with entry-level employees.

Meyerson uses this to illustrate how American businesses consider loyalty, job performance, and longevity to be detrimental to their bottom lines, and increasingly view their employees as totally expendable. He also points out that total income rose 9% in 2005 over 2004, but ALL of the increase went to the wealthiest 10% of Americans. The bottom 90% actually LOST 0.6% in the same period.

There was a time when a rising tide of prosperity lifted all boats, but now it just lifts yachts. If the trend continues unchecked, there will no longer be "wage slaves", because there won't be any wages.

Any of my faithful readers who may be affected negatively by the Republicans whorish adoration of the wealthy might want to think twice about voting for them because they're against gay marriage or some other phony issue.

Here is Meyerson's article:

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