Post
Topic
Board Politics & Society
Re: Irrational 1% Jealousy
by
Rassah
on 13/08/2013, 04:34:46 UTC
Rassah, it might be that you're own experiences have disillusioned you about the state of the rest of the 1%.  Most of the wealth that is acquired by the upper level of society does not trickle back down to others.  There are various documentaries out there that attempt to elaborate on this position.  There are also statistics that 1% of the population controls some 85% of the wealth.  The middle class the comprises approximately 70% of the population, controls just 5% of the wealth.

When there are CEO's making millions upon millions in their respective companies and their are lower level employees going to work every day and making a fraction of what the CEO makes it spins the whole concept of work and reward on it's head.  I would suggest you look up the story of HP's failed CEO Lee Apotheker http://money.cnn.com/2011/09/22/technology/hp_ceo_fired/index.htm.  This little gem took over HP for 11 months and performed dismally.  When he was fired, he walked away with a $25million severance package.

I'm not sure what you mean by me being disillusioned. How? what am I not understanding or not thinking right about?

When you say "middle class," do you mean the old middle class, referring to a limited pool of workers only in USA, Canada, or Europe? Or do you mean the new middle class in a globalized economy, which includes third world countries we outsource to? If the later, I'd suspect many of us "middle class" types are actually in the 1% now.

What do you mean by trickle down? Specifically, what is it that you are expecting to trickle down? $20 bills? Increased wages? Improved quality of life? People who say that are often vague, at times saying "I meant that other thing" when you point out one of the things that does trickle down.

People who can do CEO type work are very rare and highly sought after, while people who can do low-level jobs are everywhere, especially now that we can hire labor all over the world. It's just supply/demand. Blame low wages on people willing to work for cheaper than you.