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Changes Must Be Made For Us To Compete Worldwide

Updated on December 10, 2009

The US economy tanked due to the financial and auto industries. America has been losing manufacturing jobs for 20-30 years due to the fact that companies in the US cannot compete due to the lower wages paid in other countries.

So how can we fix this? There should be a glass ceiling on salaries, significantly lower bonuses and eliminate golden parachutes. How many regular Americans get paid for being fired? Small performance bonuses - based on GOOD work not losing billions - are fine but someone should not earn 3 million for losing billions.

While doing research, I discovered that the CEO of GM had earned around 15 million. Union workers' salaries varied drastically from report to report so I never found an accurate figure. Let's say they earn $100,000 a year. If one determines worth by what they earn, this CEO was worth 133 employees. This is strange since there would be no product without the workers.

CEOs are earning a disproportionate salary when compared to the common workers. If the salaries of the upper echelon were cut, prices could be lowered thereby allowing our companies to be more competitive. This would lead to more jobs.

While doing research, I discovered that the CEO of GM had earned around 15 million. Union workers' salaries varied drastically from report to report so I never found an accurate figure. Let's say they earn $100,000 a year. If one determines worth by what they earn, this CEO was worth 133 employees. This is strange since there would be no product without the workers.

More people would be able to attend sporting events if the players, coaches and owners would all lower their salaries to a more reasonable level. I've heard the argument that players do not know how many years they will be able to play so they have to get what they can. This has some validity, however, if they lived more reasonably one or two seasons could carry many of these players for most of their lives. As it is, they spend their income as quickly as it comes in and they are broke if their careers are cut short.

This applies to movie stars' and music artists' salaries is another area where salaries are out of control. In both of these instances, managers' salaries takes a chunk. They, too, are making far too much money for the service they provide. Having a house in every state and country is not a necessity of life.

Concert tickets cost $100 for terrible seats and thousands for good ones. Premium seats in a stadium can cost $10,000 for the season. That means a family of four would possibly have to forgo their entire income to have a good seat.

All of the people who will not get out of bed for less than a million dollars need to remember they need the regular person. If no one goes to the games, concerts, movies nor buys the products, they are all out of jobs.

The internet is abuzz with all the protesters, the "mob," teabaggers, conservative groups, conspiracy theorists, and other groups spewing their dogma about socialism. Clearly our system is NOT working for most Americans. The greed of a few has tanked the economy, bankrupted hundreds of thousands, wiped out retirement funds and added to the homeless roster.

You don't want socialism? Fine, let's devise a new system which is more fair and allows us to compete globally. We cannot survive as a nation if the only available jobs are at fast food restaurants and Walmart.

If you are so intelligent that you are worth millions, you can design a new economy.

Our country is still smoldering from the fires President Obama put out in the financial and auto industries. A few more bad decisions could burn this country down. Drastic steps need to be taken NOW.

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