supply and demand

Here’s something interesting I read in the papers. It seems that according to various studies that corporate profits are up, corporate productivity (i.e., how hard you work) is WAY up, and Wall Street Firms are doing so well that last Christmas’ bonuses for individual traders were in the multi-million dollar range.

BUT, salaries . . . i.e., what you, as opposed to Wall Street brokers, get paid . . . are actually down. You are almost certainly working longer hours for less pay, fewer benefits, and no job security.

Hmmm.

So, let us restate the law of supply and demand. It now reads:

“I, the Wall Street Bigwig, whose ability to forecast the market has been statistically proven to be slightly less good than that of your average chimpanzee, DEMAND that you, who produce everything, SUPPLY me with everything I want, regardless of the fact that I, in turn, produce nothing, and intend to give you just exactly that — nothing! — in return.”