An excerpt from the fictional tales of Alien on Earth
Circa 2014. North America.
Case Study: Job Creators
I am the son of a “job creator”, those noble creatures that dispense jobs to the jobless. Having observed my father and his business for many years, including the years I worked for him, I will note some observations.
With more money, he did not randomly hire the jobless, in fact the number of employees remained relatively stable. Instead, the money was spent on motorhomes, vacations, swimming pools, restaurant food, and endless amounts of clothes for his wife.
Low-pay and hyper-frugality were common complaints among employees. And because of the low pay, many quit or stole — including family members. A goal of the company was paying employees as little as possible — even if it resulted in resentment — consequently, only the most loyal tended to stay.
After decades of ownership, he was forced to retire a bit early due to an aggressive out-of-state competitor invading his territory with underhanded tactics. He was happiest at work and did what he could to stay in it, but this event seemed to take the wind out of his sails.
It is frequently touted that politicians with business experience “know how to create jobs” and “know how to manage the country”. But based on my observations of an actual job creator, I’d say otherwise.
A business creates jobs based on demand for its product — so if customers lack money, there’s no demand. Therefore, a functioning economy must put discretionary income in the hands of consumers, where money begins it journey through the market.
Job creators tend towards frugality and competitiveness, striving for profit, not the welfare of others. To run a government like a business, is to do the least amount possible for citizens while dispensing benefits based on perceived value. But a worthwhile government exists to ensure all of its people are provided for, no matter their utility.
The perspective of many job creators tends to be myopic, selecting short-term gains while sacrificing long-term sustainability. For instance, paying employees as little as possible becomes a race to the bottom, affecting the quality of employees and their output, as well as lowering overall purchasing power within the local economy and weakening a potential customer base.
Additionally, less regulation allows fierce competition and monopolizing, putting established businesses at risk. And low taxes on job creators traps money and power at the top, stifling the market, instead of cycling funds back to the bottom where customers begin the process.
It’s clear that a stable economy is better than one subject to peaks and troughs — and to achieve stability, certain conditions need apply. If customers lack money, businesses can’t exist — regulation must ensure consumers are able to maintain adequate financial resources. Without regulation, employee pay and purchasing power tends to decrease over time. Without regulation, even well-functioning businesses are susceptible to cannibalism through intense competition. And due to conflict of interest, those from within the market must not regulate it.