“Michiganders’ purchasing power drops”

The Free Market: A False Idol After All?

The Free Market: A False Idol After All? (Photo credit: elycefeliz)

That is the title of an article in the local newspaper yesterday. Written by Melissa Anders

The article goes into some detail telling how the median wage earners of Michigan have actually had a decrease in purchasing power in the last 30 years. She goes into demographics explaining how black workers have received the brunt of the blow.

Later she exclaims the top 10 percent of income earners have actually experienced an increase in purchasing power while the bottoms 90 percent have experienced a drop.

IMHO this may be a national trend brought on by the trickledown economics introduced by President Reagan; with Michiganders getting extra pressure from the outsourcing of jobs and the anti-union attitude among the people.

Of special interest to me was the quote from James Hohman, assistant director of fiscal policy for the Mackinac Center for public policy, a free market think tank. Hohman said “The state is already on a good path.”

First to raise my concern was the definition of the Mackinac Center as a “free market think tank.” It is common knowledge that this organization is a propaganda voice for the ultra rich in this state as well as country.  Supporters include Rich DeVos and his family, the Koch brothers and associates of these people.

Second, we do not have a free market our markets are controlled by the mega corporations much like our government.

Third, I do fully understand why this group would feel “The state is already on a good path.” They are in fact the only people that are seeing a gain in purchasing power following this path.

In closing I will repeat something being posted elsewhere, if you have today off thank a Union member and if you have to work and are getting paid double time thank a union member.

Advertisements

5 thoughts on ““Michiganders’ purchasing power drops”

      • When i used to haunt Fox News message boards i used to love pretending to be a Teapublican and write: If i want my seven year old daughter working at the Mill she bloody well ought to be able to work at the Mill! Unions are the death of this country!….. or something along those lines. You get the idea 🙂

        Like

    • Unfortunately this is not a joke. Short term thinking is indeed an American problem. Dick Cheney explained this process best when he said. “In the long term we will all be dead.”

      Like

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s