If there's one thing society really controls...it's money.
I never cared to study economics much, personally cannot think of a more boring topic. One thing I know, and this isn't taught in any class, is the intentional hoarding of money by large corporations, strictly as a "buffer". Money that isn't in circulation besides in a theoretical sense. It just sits there in a corporate bank account, gets printed in a list, and the crowd goes wild.
It would simply be impossible to juxtapose the starting entry-level wage to profits made by every big company, so we'll use this article as a baseline.
http://thecontributor.com/economy/where-...%E2%80%99s
All of these companies profit in the BILLIONS. Apple, McDonalds, WalMart.
If each of these companies only made one billion less in profit and used that to pay their entry level employees more - they'd still profit billions.
The reality is, they can afford to pay a livable wage to their entry-level workers (and so can any big company which pays its worker bees a peasant's pay). Someone who works at McDonalds is seen as a joke, although they're part of a multi-billion dollar enterprise.
I'm not exactly sure how to do the math, but I know for sure if these companies weren't so about hoarding money as a "buffer", they could pay their entry-level workers at least $20 per hour (if not more) and still profit billions.
Even big oil companies which usually require some kind of engineering degree usually only pay like $18 an hour to start.
The hoarding of money is impressive in it's own right. Not everyone is meant to be CEO, Vice President, Corporate executive, or even middle-management making 40K a year.
The truth is, it's all been intentionally set up to keep a "buffer stock" there at all times, while ensuring it's never touched by anyone besides those who control it. Subway has a cheese buffer that probably goes stale after a few days, but it just sits there as a buffer.
Same with money and record profits. Except, it doesn't go stale, it just sits there, so it might as well, it's already invisible.
I never cared to study economics much, personally cannot think of a more boring topic. One thing I know, and this isn't taught in any class, is the intentional hoarding of money by large corporations, strictly as a "buffer". Money that isn't in circulation besides in a theoretical sense. It just sits there in a corporate bank account, gets printed in a list, and the crowd goes wild.
It would simply be impossible to juxtapose the starting entry-level wage to profits made by every big company, so we'll use this article as a baseline.
http://thecontributor.com/economy/where-...%E2%80%99s
All of these companies profit in the BILLIONS. Apple, McDonalds, WalMart.
If each of these companies only made one billion less in profit and used that to pay their entry level employees more - they'd still profit billions.
The reality is, they can afford to pay a livable wage to their entry-level workers (and so can any big company which pays its worker bees a peasant's pay). Someone who works at McDonalds is seen as a joke, although they're part of a multi-billion dollar enterprise.
I'm not exactly sure how to do the math, but I know for sure if these companies weren't so about hoarding money as a "buffer", they could pay their entry-level workers at least $20 per hour (if not more) and still profit billions.
Even big oil companies which usually require some kind of engineering degree usually only pay like $18 an hour to start.
The hoarding of money is impressive in it's own right. Not everyone is meant to be CEO, Vice President, Corporate executive, or even middle-management making 40K a year.
The truth is, it's all been intentionally set up to keep a "buffer stock" there at all times, while ensuring it's never touched by anyone besides those who control it. Subway has a cheese buffer that probably goes stale after a few days, but it just sits there as a buffer.
Same with money and record profits. Except, it doesn't go stale, it just sits there, so it might as well, it's already invisible.
