Friday, January 05, 2007
Are We Feeling the Class Differences?
I would not be the first to say that the distance between the rich and the poor is widening. Executives of companies are making over seven digit figures. They can afford things that we could not begin to imagine having: multiple vacation homes, private jets, you name it. Meanwhile, low wages earners had not gotten a rise and the price of goods had been rising. As I was thinking about the riches, I came to wonder how companies can afford to pay their executives high salaries. The high salary must came from profit. Profit, in turn, came from selling of goods and services. Selling of goods and services, in turn, came from us, the consumers. Then the idea hit me. It must be because we were collectively spending millions. We, the consumers, were the one deciding how much these executives were making. In short, we were the boss. Our spending power was the deciding factor of our economy. Of course, low wages makers had little choices. For those of us who can afford it, if you were uncomfortable about the widening of the class differences, you should start changing your spending habits to reverse the trend. Go to the mom and pap stores. Try out difference brands regardless of advertisements and commercials. Be the trend setters.
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