Ron doesn’t understand this simple message…
It doesn’t mean Gettlefinger’s workers have a right to $28/hour if at that wage their employers can’t stay in business without an ongoing multi-billion dollar subsidy. I’m sorry if this seems obvious. It’s apparently not obvious enough.
That’s a big problem.
Here’s where the value is…
In reality, the circumstances are the exact opposite. It is the skill and judgment of managers and investors that creates the value of labor. If you don’t own your own company or freelance, you rely on someone else to choose what work you do and how you do it. Their decisions create the value of the products and services you make. When they make mistakes, the value of your labor decreases and you should charge less for it.
I also agree with the comment by Fiona that states “it sucks to work under incompetent management…” Not having spent much time in management, I’d say the job is probably more difficult then I give credit for. That said, the high tech companies I’ve worked for have definitely had large shares of incompetent management.
What the United States really needs is more everyday people willing to take the risk of running their own company. Of course, fixing the health care system, and this is not a codeword for single payer health care or socialized medicine, is a critical step in allowing people to pursue entrepreneurial activities.
