How much stronger would our economy be if compensation was paid more evenly throughout corporate workforces, instead of the practice in place of paying execs as much as possible and front-line employees as little as necessary?
Of course they take it, because they can. But we all know that no one EARNS this kind of coin. Where is the conscience? The outrage?
Why is it that elected officials often pay lip service to the importance of small business to the economy, but they make so many choices governing that hurt small business? We need to call them on it.
This just in: Massachusetts House Speaker Robert DeLeo’s economic development proposal included no money for a very helpful, 20-year-old small business loan guarantee program. And it looks like he won’t say why.
CLICK HERE to read a Boston Business Journal article about this matter.
I have a lot more to say about what I feel is unconscionably weak government support of small business in America. Stay tuned.
…on this Memorial Day, but I’m not.
There is no reasonable excuse for failing to care for our soldiers and their families—with speed, excellence, and compassion. Year long delays in processing paperwork? Over 20 suicides daily? Come on, America. Come on, Americans. Demand a better job.
So much lip service is paid by politicians to the honor and sacrifice in service to our country. But where is the “fix it, and fix it now…REALLY fix it” commitment from our president, our congress, and the appointed leadership in our government? I believe the line employees would accomplish their mission of caring well for our military family.
…we have to confront the evidence TOGETHER that the American economic model is broken. And we have to take MANY actions to fix it. It’s time to own our grown-up responsibilities and do our civic chores.
Our Spring Cleaning list is long, including tax reform, immigration reform, implementation of the JOBS Act (had to sneak that one in – my unabashed small-business/entrepreneur bias), financial reform, campaign finance reform… reform, reform, reform.
But first, let’s put a floor under our socio-economic disintegration and free-fall and raise the minimum wage. Let’s appreciate and reward the effort of our lowest paid compatriots. More importantly, lets help them to support their families themselves, with dignity.
When I think about the concept of income inequality (which I think I would prefer had instead been branded “income inequity”), for me it boils down to this (with thanks to my wife for bringing it up again and again over the years while I found my true north): I don’t believe anyone earns a million dollars a year (let alone multiples of that).
Overcompensating leaders disrespects all the help they get in support of their efforts. My 23 years in the restaurant business – 30 years in foodservice overall – gave me decades of experience working with those who support leadership and are not compensated nearly enough for their immense efforts and absolutely crucial contributions.
I know it’s complicated, but we could – we should – choose to make it simple: We’re all in this together. We all struggle at various times through life. And we’re all going to die. Let’s make those aspects of life we can control a little gentler, a little fairer, a little easier, a little more compassionate and humane. To begin on that path, let’s raise the minimum wage. Immediately.
For more grist on this subject, here’s an excellent piece from this past Sunday’s New York Times: “Low Wage Workers Are Finding Poverty Harder to Escape”
