Thursday, September 19, 2013

Income Gap Largest In A Century!

The LA Times reported on September 11, 2013-- "The income gap between rich and poor is biggest in a century."

I measure things differently. Inequity is not in how much money one earns, but rather what one person's time is worth compared to another's. After all, in the end, isn't that what this all about? It's not how many dollars one makes, but how much time it takes to afford a house, a car or pay for their college education. There's only so many years we are allotted on this Earth. For one worker it can take many years to afford what another can in a week. This is the real inequity. Some may even say it's an injustice.

It will never be acceptable for me that one person should spend their entire time on this Earth without ever the hope of earning what another can in just one month. No society can continue with such a disparity. No human's time is worth 3,116x's over that of another. I didn't pull that number out of my hat either! I did some ciphering. Here's what I came up with...
The average yearly Social Security in 2013 is $15,228
(about the same as minimum wage)


MY CONCLUSIONS:
As you see from one of the samples I used in tables above the highest earnings ratio is 3,116 to 1. In other words it would take over 3,116 of the lowest full time wage earners to match what Judge Judy receives!

I'm certainly not advocating socialism by any means, but neither can capitalism be allowed to run amuck unchecked. Would there be anything so wrong with someone limiting their earnings to a multiple of their lowest paid worker? Why can't we all share in this nation's wealth? Don't even try telling me that someone's labor is worth 3,116 more then the next person and that other person deserves this kind of reward.

We all have a part to play in making this system work. Surely a miner, food server or a factory laborer earning their living by the sweat of their brow deserves more them a measly 1 / 3,116th of the pie. This isn't about envy of the rich. It's about respecting those that toil beneath us to keep this nation afloat. If the day should come that they should get so discouraged as to give up, I hate to think where we all will be (including the wealthy). Perhaps that day may not be as far away as we wish. Many have already.

There may be no way we can fix this through legislation nor though labor uniting. But the day will come either voluntarily or of it's own accord because people will have had their fill. This is not a threat. Rather these numbers should serve as a warning. History bears witness that no nation can remain strong and united if it's peoples lose hope and feel they no longer share a portion of it's wealth.

In this physical life a person's worth is not measured in ethics and morality alone. Ethics and morality alone won't put food on the table nor a roof over one's head. Unfortunately with desperate people who are economically disadvantaged these are the first to go. And that's what we're beginning to see play out.

Those are my conclusions after taking a look into this with those examples cited above. I also conclude this won't go away on it's own by ignoring this problem. I wish it were so.

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