The Consequences of Unchecked Corporate Greed

Wednesday, December 19, 2012

This is what insatiable corporate greed has gotten us. Should rampant homelessness be the norm for the wealthiest nation in the world? Is scrapping by paycheck to paycheck the only opportunity we can offer our children? Unfortunately, if you weren’t born to a wealthy family, your chances of making it are continually shrinking. 

After Recession, More Young Adults Are Living on Street - New York Times

Low-wage jobs don’t just hurt families in the short term; they have a lasting impact on America’s future. Children of low-wage workers are often forced to shift their focus from education to low-paying work, just to help their family scrape by. This will have devastating consequences for America’s future, as workers miss out on opportunities to learn the valuable skills that drive America’s economy.   

Children of working poor caught in pinch of recession - Boston Globe

Now, (contrary to ALL historical evidence) the 1% is trying to tell us this vast income inequality is good for us. We’d like to see them tell it to the hard-working men and women across this country who drive our economy, but can barely put food on the table or afford health care because their wages have stagnated over the past 30 years. 

The Unequal State of America: Does income inequality matter? And how? - Reuters

We constantly hear the wealthiest in society (and their bought and paid for members of congress) saying that hard-working Americans are ruining this country by sticking together to have their voices heard on the job. Instead of dipping into their record profits, many corporations would rather have us work for pennies to produce the goods that make them rich in the first place. They want to see us race to the bottom. If they had it their way, we’d all be working in unsafe factories like the one in Bangladesh where 112 people were killed in a fire. Although big-box retailers knew the factory desperately needed improvements, they decided countless human lives weren’t worth a few bucks, and vetoed making improvements. Is this “unpardonable negligence” by management what we want for ourselves in America? 

Bangladesh Finds Gross Negligence in Factory Fire - New York Times

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The great American middle class wasn’t something that just happened – it was built brick by brick. It was built by soldiers returning from war and a government that repaid them by giving them a shot at college.