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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: axial who wrote (108741)2/23/2010 6:45:46 AM
From: John Metcalf2 Recommendations  Read Replies (1) of 116555
 
<Until management and legislators take pay cuts, don't even think of asking labor for concessions.>

Trig, you misunderstand me. I am neither labor nor management. I am 4+ years retired. My wife is 5+ years retired. We receive no pensions, nor will. We are not old enough to get Soc/Sec.

I think legislators ought to serve for minimum wage, which they would get only when in session. If so, there would be citizen legislators, not career politicians, and they would be making a sacrifice to serve, as they ask us to do. They would adjourn on time in order to resume earning money.

As to corporate management, only directors and shareholders have the right to change their compensation. Perhaps we ought to get busy and make those changes?
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