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Do we have to be CEO’s to be “hard working” and “successful” in this economy?

November 3, 2011

Here’s a good statement from Michael Moore:

http://wallstcheatsheet.com/stocks/heres-the-michael-moore-cnbc-video-everyones-talking-about.html/

I’m not even sure the equality of opportunity is there anymore… That’s what gets me about people who say they (Occupy Wall Street) don’t believe in capitalism. People on this street say ’oh yeah we’re for free enterprise, we’re for a competitive market.’ No they’re not… they want to destroy the competition…they want to merge or buy out the competition. They want to make it so consumers and citizens have as few choices as possible. That’s their nirvana…a Soviet form of capitalism where they’re the only ones in charge. So the American people believe in competition and believe in everybody having a fair shot at it… if you’re an entrepreneur… if you’ve got the next great idea today… go to your local bank and try to get a loan…They’re all sitting on the money down here. They won’t loan the money to the small business person, or the person who has that next thing to advance society…

Meanwhile, here is an exchange elsewhere I joined into with a point:

What if you are underpaid and there are no other jobs you can do? Is that fair? No!

You are making an assumption that is not valid. If you have a job and the only job you can get is making less or no job at all, you probably should do something to make yourself more marketable. If there are no other jobs for you, then it is fair that the employers pay you less, you are worth less as there are a myriad of others who would take your place if you quit.

I hired people and had one person threaten to quit because we paid them too little (or they didn’t get enough of a bonus). The fact was, I had hundreds of applicants for his job willing to make less than I paid him. In actuality, he would have done me a service to quit, I would have saved thousands of dollars. However, he realized that he couldn’t find another comparable job that paid as much.

I was in that situation. I didn’t want to go back into the ministry full time but I wanted to make more money. So, I began a year and a half quest to make myself more marketable and worth more to people. This included getting my MBA, getting expertise in other areas, joining organizations that would help give me more credentials, and much more. I became a leader in several non-profit organizations and was recognized for some great things that I accomplished.

Would it be unfair for my company to pay me more? Yes, because I couldn’t make more money elsewhere. Was it fair for me to improve myself and then take another job for more money? Yes!

Both are Capitalistic.

Sometimes it sounds like in the ideal version of this system, everyone would be a CEO, in order to live decently. (And of course, anyone who is not, is “lazy”, and deserves their plight. And that would be “fair”. Though people at the same time try to justify this by saying “life is not fair”–as in don’t expect it to be).

Still, this ignores other factors, such as the bar being constantly raised, in various ways. The cost of living going up. And even the requirements for “marketability”. Like here in NY, they raised the qualifications to get a counselor’s license. So my wife’s Masters’ was instantly rendered worthless, and instead of making money now, we’re paying for basically, a second Master’s.

These types of things are never taken into consideration, and call them lazy if you will, but a lot of other people will give up in that situation. Others might be incapable of making it.
But we seem to be setting up a system where you have to spend decades in school, and work 20 hours a day to be “worth” enough to make it, and we hold those people who do this (many of them having a problem of “workaholism”, where even their health and families suffer) up as the “fair” norm of “hard work” and “success” (by which anything less is “laziness”), but clearly, something is lopsided there, and that’s part of what people are complaining about.

Here’s another informative link:

http://www.fastcompany.com/1792056/occupy-wall-street-demographics-infographic

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