Tuesday, June 5, 2012

Tuesday June 5 2012

Read this yesterday. I think more people need to read and heed...


What politicians and policymakers really ought to be telling struggling Americans is this: You're on your own. The government is running out of money and is borderline dysfunctional besides. Instead of new policies that will make the economy more fair, we need more self-sufficient workers who aren't looking to government for answers.
The trick is figuring out what ordinary people can do to make themselves better off. To do that, it helps to understand the real problem, which isn't income inequality in itself. It's a decline in economic mobility which means it's getting harder for people to boost their earnings, move up the socioeconomic ladder, and improve their living standards.
The economy is changing rapidly, and it's not completely clear why it's gotten so much harder to get ahead. But there are certainly clues. Education has a lot to do with it: There are very limited opportunities these days for people who don't have a college degree, or whose training is outdated. Technology is another factor. People whose careers are tied to the digital revolution enjoy the good fortune of working in a burgeoning field, while many others work in shrinking fields being decimated by new technology. Workers able to ride the wave of globalization, at companies that do business around the world, have an edge others don't.

Attitude is another factor. Too many American workers rely on somebody else for their livelihood, without the grit that it takes to adapt and recover when something goes wrong. This is the natural byproduct of a long era of prosperity in which living standards rose for nearly everybody, just because the economy was booming. It didn't take extraordinary fortitude to get ahead. Often, all you had to do was show up.
Things are different now, and the bar for success is higher. Instead of arguing over the abstract causes of income inequality or hoping for miracles from Washington, national leaders ought to be sending this message to America's workers: Get smarter. Work harder. Go where the opportunity is. Prosperity isn't going to trickle down from the wealthy, or arrive in the form of a government check. The only person looking out for you is you.

Rick Newman is the author of Rebounders: How Winners Pivot From Setback To Success. Follow him on Twitter: @rickjnewman.

1 comment:

  1. Unfortunately, most of the folks dependent on government assistance think it is okay to be on food stamps, have an iphone, multiple tattoos,and a fresh manicure and pedicure, that seems legit...

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