Do you know how I know this? I am broke.
I realize it’s trite to be prattling on about income disparity and the 1% versus the 99%. Incidentally, a more than viable term that has somehow sadly devolved into a punchline. As trite as it may be, it is still relevant. And no matter how exhausted we become of the discussion, it is not one that should disappear.
To be honest, I am a capitalist so I believe that there will always be, and should be, certain class distinctive markers. It’s the way capitalism works…when it works as it should. Because it is not working as it should and thanks to the deified Ronald Reagan and his aggressive push towards privatization and “trickle down” economics, those class markers are more like chasms. The type Nik Wallenda may be prone to walk across.
Look, it’s also not just Reagan. Virtually every President since then, REGARDLESS OF PARTY AFFILIATION, has had a steady and firm hand in the manipulation and eradication of the middle class. Even Obama is turning into just as much of a stooge as those that came before him (and I’m a left leaning democrat).
Those of us who grew up in the middle class remember it differently. Or at least I do. I don’t recall the middle class being the whore to the upper classes and patron to the lower classes. It seems that we have gotten the short end of the stick.
Stuck up you know where.
I sometimes wonder what it will take for Americans, and ever increasingly, citizens around the world, to realize exactly how hard that stick is being jammed up into us. The chart above shows very clearly how little the middle class has been able to accomplish since 1980 (11% growth verses almost 200%?!). The password is disparity.
Adding insult to injury, according to the AFL-CIO, in 1982, the CEO to worker to pay ratio was 42:1. OK, high. But I understand that. I’m honestly OK with that. In 2012 the CEO to worker pay ratio was 354:1! I am not OK with that.
It seems to me that when we look at CEO pay we should be using some of the same practices couples use in establishing what they are willing to do in the boudoir. “OK, yes I will do that, but I won’t do that!” Why can’t we have a say in what a CEO makes? Could the same be applied to corporate pay “OK, yes, I will pay that, but I won’t pay that!” Do we go one step further and institute a corporate “safe word” when things get outta hand? My safe word is Nickelback.
Look, CEO’s, typically have to answer to people that I wouldn’t piss on if they were on fire (Wall Street pricks). And the good ones juggle multiple tasks, have a distinctive vision for their organization(s) and work hard. I have no illusions about them being the best people in the world, but they do deserve to be paid.
My issue is not with most CEO’s being deserving of the money. My issue is that why does anyone in any leadership role feel that it is OK to take a 13-15% annual increase in pay when the front line workers are only getting a 2.5% – 5% increase?
Is it “leadership” to take more than your workers get? It would seem to me that a true leader, one being remunerated in both salary AND stock, would forgo ANY salary increase as long as their front line workers had to feel the pinch. Maybe a “leader” finds a way to issue stock in place of an annual increase? Maybe a “leader” offers another week of vacation? Maybe a “leader” LEADS.
Or is the new model of corporate leadership “take what you can get and fluck the rest”? If that is the case, I am storming the supply closet for post-it’s, pens and highlighters.
Shouldn’t I just be thankful I have a job? Yes. On most days I am. I’m thankful to have a mind numbing job that keeps me so far removed from interacting and networking with anyone who could perhaps help me achieve my professional goals. On second thought, let me restate that, I am thankful for a paycheck. What I would like to be thankful for is a career.
Of course, that then begs the question, are careers rapidly being replaced by jobs?
When my living expenses are increasing at an aggregate of 17% year over year and my cost of living increase (cleverly disguised as a merit increase) is a fraction of that, how am I to reconcile that sort of inequality? Am I just supposed to take it on the chin and say to myself “That’s just the way it is buckaroo”? Am I just supposed to numb myself? Turn on the latest marathon of whatever Real Housewives of blah blah is on? Log onto Facebook and get engrossed in peoples petty lives and issues that have absolutely no bearing on me in any way? Down a bottle of wine and pretend I am being cultured when I am really just masking my own sadness? No, I don’t think that is the answer.
All of those escapes are privileges. Being able to earn a liveable wage to sustain a decent life is a right. I should be able to save some money, pay my bills and go home to have a spirited and lively discussion about my day. Instead of going home constantly juggling and moving money around to pay bills and walking home beaten and broken, praying there is enough hot water to wash away the misery of the day.
Of course some of this is my fault. I didn’t have to go to college. OK, I didn’t HAVE to go to TEN of them (it’s true, I went to ten colleges…I was a little rudderless as a youth). I didn’t HAVE to get my Masters Degree. I don’t HAVE to live in one of the most expensive cities in the world. And believe me when I say, I am one of the lucky ones! I’m aware of this. But does luck always come at such a cost?
Honestly though, I’ve never been one to discount my own role as being a broke middle classer. I definitely am accountable for some of it. If I can stand in front of the mirror and say to myself “Dude, you’re partly responsible for this” why can’t the “leadership” of companies do the same? Why are we in the middle class constantly being asked to bear the brunt of the tomfoolery and shenanigans of the pricks on Wall Street and their idiot cousins in the corner office?
Some people may read this and say “Yea, you’re right but what can we do? It’s the way it is, ya know?” Bullsh*t! I have some thoughts but if I had all the answers I wouldn’t be banging things out on this keyboard. I can say for certain what we can NOT do. We can’t let this go on. And whether it is in the next five years or fifty, it’s gonna change and it is not going to be pretty.
As a guy working for a Fortune 500 company with a Masters degree, I really shouldn’t be contemplating a second job tending bar just to squeak by. I’m not saying I am entitled to more, I don’t believe that. I am saying we are all entitled to opportunities that can lead us to a comfortable existence, one of OUR choosing. That is a right. In fact, it is a defining principle of both capitalism AND democracy (both of which are on life support here in the states). As the middle class continues to be hacked away at and beaten into non-existence, we accept less and less of the rights we are entitled to because “It’s just the way it is”.
When can we all say it together?