Well I do share your disdain for entitlement programs like welfare, however, corporations have to pay a fair wage to their employees. As it stands now, even people who work full time have to apply for state's assistance just to make ends meet. It is common for Wal-Mart to direct their employees to Medicaid to supplement their healthcare. I don't know about you, but I'm not crazy about my tax dollars going to subsidize Wal-Mart's employee benefit system while Wal-Mart rakes in billions in profit every year. Greed has consumed corporate America and Wall Street. I have no problem with people making a ton of money, that's Capitalism, but CEOs should realize that their success is directly tied to their employee's success. Henry Ford used to take a lot of heat for "overpaying" his assembly line workers. His response was that he wanted his employees to be able to afford to buy his vehicles. He realized there was a symbiotic relationship between employee compensation and his company's success. Of course that was before our new "global economy". China and India combined have more than ten times the population of the US. I firmly believe that corporate America is enriching foreign markets at the expense of the American market because in the long run they will have 10 times the customer base. Politicians stress the importance of education to compete in the "new economy". While education is important, not everyone has the financial or mental capacity to obtain advanced degrees. Without manufacturing and other low-skill jobs there won't be anywhere for these people to go.
Originally Posted by Alli
I don't mean to get too political on an iPad forum, but I am saddened at the direction of our country. My late grandfather was able to support a family of six working in a steel mill after coming home from WWII. It certainly wasn't a glamorous job, and it was hard work, but it provided a middle class lifestyle to his family and a pension for his retirement. Those days are long gone.