"Good" Jobs vs. BAD; "Good" Money vs. BAD
In my Drucker Notes, I wrote: "When Management Treats Workers Poorly, they're begging for Unions". On this Labor Day, we can look back and see the landscape littered with joblessness and the decimation of Unions and the Middle Class. The trend began with the Economic Crisis called the "Oil Crisis", and increased with every crisis since; culminating with the 2008 Meltdown and the loss of jobs in our economy at a rate above 8000 a month, (96,000 per year)!
Just for the record, this all happened BEFORE President Obama's term began. Each of the previous economic recoveries were jobless recoveries. The MONEY BOYS who do all the hiring and firing, and laying off (not the politicians) drove the crises and the joblessness.
There is good Management (Costco); and embattled management (Wal-Mart). BOTH ARE NON-UNION! One treats their workers well and the other encounters strife; with their workers, and with the communities in which they operate. Yesterday's Fareed Zacharia GPS aired a debate between a former Bain "private" capital investor and a Venture Capital investor. The Venture capital debater showed the difference with the "angel" investor, fostering growth with start-ups, versus the non-angel "private" guys,who feed on the wreckage of companies and the destruction of jobs, with an occasional "turn-around" to provide cover for their decimation.
In both cases; the bad management employer who mistreats employees by various means and destroys small businesses, brings blight and unemployment to communities; and the bad Money "investors" who bring joblessness, loss of pensions, and similar decimation of communities; there is ample funding to mis-characterize what they do and to grow these kinds of "businesses". Both end up weakening or destroying Demand in our economy, while over-emphasizing Supply.
That leads to continuing weakness and ultimate collapse. Mean-while, the individual "private investors" become insanely rich as the communities dry up.
That leads to continuing weakness and ultimate collapse. Mean-while, the individual "private investors" become insanely rich as the communities dry up.
In both the good management employer and the good Money investor cases, the community grows, jobs grow, Demand grows, employees are happy and have a beter future; with pensions! Retired union workers also have pensions
Stay Vigilant! These are our real choices in the 2012 election. Happy Labor Day.
Copyright © 2012: Williams LLC
All Rights Reserved: Williams LLC
Copyright © 2012: Williams LLC
All Rights Reserved: Williams LLC
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