Wages and USA
I want to narrate a story which I heard from my grandmother while growing up in India. In India, values are instilled in children thru stories and tales.
The story is goes like this .... A king wanted his citizens to donate milk to an orphanage, so he asked his citizens to bring a pitcher of milk and pour it in a huge container in front of the palace, and they were also asked to assemble in front of the container the following morning. When the sun rose following day king and his subjects saw clear water in the container. The upset king said each one of you thought it will be easy to get away by pouring water because everybody will be pouring milk, now there is nothing to be given to orphanage.
Why did I say this long story from a far away land, If a prosperous America is a container containing milk, reducing wages is like pouring water into the container. It started with world's largest retailer which has pushed a big chunk of the population below poverty limit, if Congress insists that there has to be a massive reduction in wages in auto industry it will be similar to pouring water in huge quantity. One may argue southern plants pay much less, my reply will be "when was south a part of prosperous America"? If current recession are used to drive down wages, there will be no end to this recession. America will cease to be America
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