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Bar Stool Economics--The Rest of the Story

Submitted by Scott on February 22, 2008 - 07:39.

What the author didn't tell you...

The nine poorest men worked for the tenth man. They all worked hard, paid their taxes, raised their families, and obeyed the law.

The company they all worked for(owned by the tenth man) was making huge profits because of their labor. Over the past ten years the tenth man's income went up 150% while he (making a good business decision) continually cut the health benefits and retirement benefits of his workers(to keep up with the increasing costs).

During this time the tenth man outsourced two of the men's jobs overseas and layed them off and gave his remaining employees just enough of a raise to help them keep up with inflation. At the same time increasing his own income.

Thus making it so that in the past ten years those left working for the company had no real increase in income eventhough the company they worked for was making huge profits; all of which was going to the tenth man.

The moral of the story is: We don't need a government that can give us tax breaks. We need employers ethical enough to let everyone share in the profits of the company they help build. Barring that we need a government big enough to make employers do the right thing.

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