Monday, January 12, 2015
Gaining wealth slide of invisible hand
What is interesting for me in articles like the the Atlantic piece linked below is the absence of what ought to be the real focus for ordinary working people; namely what is the value of human skill as a commodity, what protects that value, and lastly, what percentage of your gross income goes towards supporting not only absolutely fundamental social structure, but also fundamentally necessary, minimum needs to support more than simply surviving as a human being.
When you look at these questions in the contrast between human skill commodity, as well as a more realistic consideration of what denotes success for an individual life as an enterprise, juxtaposed against various commercial enterprise entities, you see a glaring discrepancy; a discrepancy both in the protections afforded to each as a distinct commodity, as well as what each is expected to contribute towards fundamental supports as a percentage of gross return from their commodity's market exchange value.
We do not have the middle class we used to have precisely because human skill as a commodity has lost a tremendous amount of value because it competes not only with other humans, but with technique itself. Human enterprise must also compete within "the who pays and who benefits" arena of fundamental support determination and allocation. Because of inherent disadvantages in the first competitive set mentioned here (against each other and technique), being able to compete in the second suffers tremendously. Commercial enterprise entities grow stronger as a result.
The bottom line here is that if you are structurally ingrained to receive less for your commodity, while at the same time required to shoulder more fundamental support costs, what comfort should you reasonably hope to expect from revised strategies on where to put dwindling discretionary funds into? Is this not more akin to simply rearranging ever more rickety deck chairs on a ship that always seems to find more ways to go under. Never quite sinking completely so far mind you, but always going down enough for everyone on your deck to founder, and/or drown.
The Slow Strategy That Might Rebuild Middle-Class Wealth