Uncertainty My Ass

There’s a nasty myth being promoted by the right wing, being heavily circulated and co-signed by the media, and going undisputed by elected democrats.

This is the myth that businesses are hoarding dollars on their Balance Sheets and refusing to hire because the poor darlings are wrought with uncertainty about the economy. Pure crap.

First, with regard to the campaigns: both republicans and democrats have been falling all over each other with vows to maintain or exceed existing aids for businesses (such as tax breaks) and promises to create additional ones (such as reduced or revised regulations). Assurances that businesses are held as a protected class abound and are well advertised. By all, businesses are currently being touted as the very saviors of the America way of life. A business owner, big or small, would have to be brain dead to have missed these positive and well disseminated pledges.

Second where’s the need, just for example, to make capital expenditures when the margin can simply be grown by squeezing the workforce? This is not just people being replaced by automated machinery or computers, this is people being laid off in droves and the remaining work force made to do their work too with no additional compensation; doing it just for the privilege of remaining employed (for now). Albeit lazy, this is hardly a revolutionary approach to growing margin and collecting bonus. Laying people off is a hell of lot easier than hustling market share . . . . margin remains steady or even increases, where’s the uncertainty in that?

This “uncertain economic future” ruse has been cultivated to both explain away increased profits while keeping the work force in a constant state of gratitude for having even the crappiest jobs. Workers are afraid to take sick days, afraid to take vacation days, afraid to take lunch hours, and above all, afraid to complain about anything. Hoorah.

Power to the People

Tags: Balance Sheets, business, capitalism, politics, progressive commentary, the economy