BloggeRhythms

As a rule, mention of Joe Biden is a waste of time and keystrokes because he’s not just an empty suit, he’s a whole empty wardrobe.

 

However, he’s of note today because, according to Cameron Joseph of The Hill on-line via Drudge: “Biden, a potential 2016 candidate, said the unraveling of middle-class financial security began in "the later years of the Clinton administration," not under George W. Bush, CNN reported Saturday. Mr. Cameron interpreted the remark as “ a shot at the Clintons.”

 

Biden then went on to say that, “[We] have some of the most productive workers in the world, but corporations are more concerned about their stockholders than they are about their employees." and then "He talked about how the fruits of labor go to stockholders, rather than to the people who are producing it. That the people making the money in this country are the corporations."

 

Biden’s remarks point out two increasingly problematical areas in the nation today, which is what set me to typing.

 

Point one is that the vast majority of the population hasn’t a clue as to how the nation’s economy runs, and therefore are completely unable to grasp what really “unraveled” the middle class. And although the reasons are many, the real accelerator stems from the anti-business policy’s beginning in the last two years of the Bush administration when Democrats took over Congress. Then, horrendous compounding occurred when the socialistic policies of the current administration made the situation incredibly worse.

 

Moving on to point two, we have a subject that Democrats in general, and certainly one as mired in political fictions as Biden is, either have no understanding of, or do everything they can to alter the facts.

 

As far as corporations go, of course they’re concerned about stockholders, because those are the ones that own the entities in question. And in many cases, it was those same people who provided the funds that seeded those businesses to begin with. Therefore, they’re entitled to a payback for having the foresight to invest and certainly for taking the financial risk of stock ownership.

 

But, the real error in Biden’s comments relates to his stating that corporations don’t care very much about those they employ, which is absolutely and unequivocally incorrect. However, whereas politicians and those in government don’t understand how a free market works, if Biden wasn’t just blowing smoke to make his point, his ignorance is understandable. 

 

As a rule the driving forces in most successful businesses are the talents, skills and capabilities of their employees. And unlike government, competition and achievement among the ablest performers increases their value on a continual basis, especially in areas like compensation, perks and advancement.

 

Therefore, solid performers always know their worth and are also free to sell their talents wherever and whenever they choose. Consequently, those who achieve the best generally do extremely well, compensation and perk-wise, as they should. Because if an employer doesn't please them, another certainly will.

 

On the other hand, slackers and hangers-on, or those who simply fill time without dedication to their jobs, along with the ones who talk a good game but never deliver, generally remain on the bottom rungs earning what they deserve on the lower end of the corporate ladder.

 

And what’s very interesting is that the compensation aspect of business logic makes absolute sense in just about every other walk of life, as well. Because if you wanted to see the most worthless segment of society in action, and the lowest paid salary-wise compared to those employed in successful corporations and the entire free-market, just look at average pay for government workers and politicians.

 

That’s it for today folks.

 

Adios