IN case you care about these things, let me explain how I go about writing one (or two) of these installments. I often carry around with me a notebook. When I hear or read something of interest, that I judge can be a theme, I record it in the notebook. Many times, because I am doing something else, I have the time to write only a few key words. Not quite as many times I can not read what I wrote, and/or the key words are not enough to remind me what interested me in the first place. This installment is not quite as bad, but it has some aspect of inadequacy.
The inspiring event was something to due with the current president. And it had something to do with a bill that proposes to guarantee that women are to be paid in a “equal” way. The president said something like “this is to ensure that women are paid what they are worth.” This was the key phrase. I hold that most of Americans, if we really reasoned on it, would NOT want to get paid what we are worth. Most of us, if pressed and if honest, would admit that we are overpaid, because we under work. However, let me ignore this high probability and proceed under another premise. That is, most of you (but not I) favor the policy of people (including women) being paid what they are worth, simply as a matter of fairness and justice.
Let me explain why I do not favor fairness. The concept of being worth something to an employer means the following. Employee A produces income X. For a moment try to ignore that it is, in most---if not all---cases, totally impossible to determine, correctly, how much revenue any individual employee manages to produce for a company. Let me posit that Miss A, by her (non natal) labor brings X amount of dollars into the company. Thus this is what she is worth, because, should she not work, the company will lose X amount of dollars.
Do you see what would happen if the boss did pay her $X? There would be no room for profit, which is, by definition, revenue beyond expenses (including salaries). There would be no chance of expansion because of the all the revenue paid in salaries. No bank would loan such a company any money. Any unexpected expenses would cause the company to go out of business. To produce a profit, which means to stay in business, a company must pay its employees LESS than what they are worth. Without such widespread “exploitation” the entire free economy would collapse. And then women would get equal pay with men, namley none at all.
I do not know if the president was aware of what he said. I hold that he does want the economy to collapse. He does want both men and women to be equally unemployed. However, I doubt that he knew what his words meant. As I wrote above, most Americans would agree with him as a matter of principle. They would be wrong, as they are quite ignorant of basic economic principles. Most Americans are, most of the time. Do not be one of them.