Thursday, January 30, 2014

Income inequality?

Inequality? Income gap? Actually white collar workers and particularly CEOs or business owners may work 60-70 hours a week, some with no vacation for years if they are owners of small businesses. Why are they demonized by this President? Years ago when a $60,000/year salary was pretty good money for a new college graduate, I knew a young woman in the investment field and thought she had it pretty good--and she did (and still does and now makes 6 figures with a stay at home husband to watch the kids and manage the household help and investments), however, she was working 70-80 hours a week at 21 for that salary and sharing a tiny apartment in New York with 2 other  women. The Wall St. company brought in catered meals--entry level workers didn't even get a break for lunch or dinner. Her annual income today should not be compared with other women who have made different choices, like working part time, or a 37.5 hour week, or 10 months a year so they can be home in the summer with the kids, or going into the arts or becoming a pastor. Oh yes, the first job for this honor student was below minimum wage as a summer resort waitress working for tips.

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