It’s a snowy Tuesday and I’ve got the day off from work. Actually, we’re in the middle of a blizzard and the governor has declared a state of emergency, no travel allowed, all mass transit is closed down. Unless you are working in a hospital, a police officer, a fire fighter, and the like, you’re off today.
And guess what? The world will not come to an end. Oh for sure, we’re losing one day of “production” for consumers who now have one less day to consume. Month end goals are now in peril and quarterly reports will be severely off their projections. Oh, the horrors.
Instead, most of us will spend a quiet day at home, with friends and family, enjoying each others company and marveling at the wonders of nature, with little or none of this adding to the GDP, DOW, GNP, or other financial gauges of our value. Our productivity output as the nation’s labor force will falter. And to it all I say, so what?
Maybe it’s because I just turned 60 or maybe it’s because I’ve grown tired of waiting for the wealth that our productivity has created to trickle down. Maybe it’s because I noticed that since the early 70’s, my productivity as a laborer has gone up, our GDP is up, our nation’s wealth has grown, but I am no better off now than I was in the early 70’s. I’m not alone, I’m the majority and the majority of us have worked harder and harder each year only to see the wealth of our labor transferred to a tiny minority. It’s simple math. If we’re all working harder and the nation is getting richer for it but we’re not seeing it in our wallets, whose wallet is it in? It’s in the wallets of a small group that the Republicans call “Job Creators” while a more accurate term would be labor exploiters, little different from the pharaohs who “created jobs” for the men and women who built the pyramids. Yes, these pharaohs created jobs for masons, sculptors, day laborers, cooks, and so on, but they, like we, are not really going to benefit from the pyramid scheme. (pun intended).
So enjoy your day off and worry not about the falling DOW and GDP. You’re not getting a piece of that anyway. So what if the pharaoh’s pyramid will be a little shorter this month?