Monday, November 05, 2012

Job Creators and Risk

When I hear that rich people are taking a big risk every time they invest in a company I have to ask, "What's the risk? That you'll lose all your money and end up living in the same squalor you want the rest of us to accept? You SHOULD be scared. Welcome to our world, schmuck."

The so-called job creators don't create jobs because they want to. They create them because they have to. If these business leaders could clone themselves or get robots to do the work they would, without hesitation. I worked for someone like that. He really had done every job in the place, though not as well as he thought he did. He could certainly fill in for everyone from floor rat to sewing machine operator to bookkeeper. Therefore, every employee who filled such a position was a necessary evil, taken on only because the owner couldn't split himself into enough parts to get things done simultaneously.

The whole thing about employees was summed up perfectly the other night on Shark Tank when a budding business woman wanted investors to help her advance with her multipurpose baby product. She said outright that she wanted to use her shark money to move her production to Asia because it cost her too much in the United States. It's a mark of business savvy to embrace the fact that your product will have to be made in another country. Not even a neophyte pretends that they will operate a factory here.

Could Americans possibly become so well educated and well informed that all the millions of us in the work force could find excellent large incomes owning and managing companies all over the world? Imagine: no one would have to toil at grubby, exhausting jobs except for the losers who had to be groundskeepers, restaurant help, garbage collectors, bedpan jockeys, and all the other menial tasks that can't really be automated or outsourced. The vast majority of us, with college degrees and great instincts would take over the upper income brackets in the global economy because we're just that darn good. Who needs a middle class based on the need to actually make anything in this country? There will be managers and there will be the thieving, lazy scum who work for them. Prepare to be chiseled: your pay, your benefits, your social safety net are all not only negotiable, they're contemptible, unworthy of a free people joyously competing for everything in their free market.

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