Thursday, October 8, 2015

Wage Slavery

Lets suppose I want to produce a product and I have a large amount of money to invest in this to make sure that it happens. In order to produce this product I need to hire laborers to produce this product that I might be able to sell this product. Lets say I invest 1 million into this endeavor. I assume the financial risk in order to get this product produced and my laborers assume all the physical and mental risk that comes along with labor. Assuming this product is successful I will make money. Let us say in the first year I get a return of 5 million dollars. I have just made my money back and then some. Logically I would have to invest some of this back into the business to keep it growing. Let us assume this product really takes off, whatever it may be, and after a few years I have made over 50 million dollars. Now, I have already made back what I had put in to start the company, and after paying the initial cost of running the business I keep 25 million.

Is this fair? I am no longer risking anything financially and have not been the one actually producing the product. The laborers have continually placed themselves at risk in order to produce the product and without their labor there is no product, therefore there are no millions of dollars for me to pocket. Take Jimmy John Liataud who owns Jimmy Johns sandwich shop. The man is worth over 200 million dollars, yet he pays his workers minimum wage and in nearly every instance there are no full time employees so he can avoid paying any benefits. So on average most of his employees, if not all, work around 25 hours a week at approximately $8.00 an hour. So those people making his sandwiches and selling them, making him millions, are paid minimum wage and get no benefits. Those that actually do the labor are slaving for this man to make him millions while they make mere minimum wage. This is wage slavery. They do not make enough to pay bills or even work enough hours to get any sort of benefits. Yet this man has pocketed millions upon millions of dollars.

There are literally hundreds of examples of this. A CEO, board of investors, or owner make hundreds of millions of dollars while those that actually make the money don't even make enough to actually live off of. Those that actually make the million see little to none of that. If your labor results in millions or billions of dollars in profit you deserve to see some of that as without your labor there is no company. Without your labor there is no millions of dollars. Without your labor the CEO, the investors, all of them would have nothing.

Americans need to wake up to this fact and unite. Unionize to protect you from those willing to make millions of your labor and pay you nothing. Its time to stop voting for politicians who are bought and paid for and allow, if they are not totally complicit in, the sending of our jobs overseas.