A $15 Minimum Wage Would Be Nice but….. (Opinion)

By David Docekal, Editor The Hypercapitalist

@DavidDocekal

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There has been much talk about raising the minimum wage to levels significantly higher than they are. But I always say: If you ask me what a bank teller looks like when there is a $15.00 minimum wage, Id be happy to show you a picture of an ATM machine. That’s where its headed. I would fight for more pay but it would mean fighting for my own financial demise. It’s simple business logic. McDonalds is not going to pay someone $15 an hour as a cashier when they already have automated technology that could be easily deployed to their locations. In the long run it’s more cost effective. You can clamor for a higher minimum wage but the reality is, that’s not how the economy works. You’ll be fighting the wrong cause.

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Government Spending… Or rather, Overspending.

By David Docekal, Editor, The Hypercapitalist.

@DavidDocekal

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What is my biggest problem with this administration? Spending.

Overall I see the value in what the Obama Administration has to say. In fact, on many issues I am aligned with their ideology. My issue however is with the money being used to close memorials to bar vets from entering. This was an obvious game for publicity. It probably cost the government more to shut some things down than to simply allow them to operate. That bothers me. Money should never be a pawn in an argument especially when it is wasted. Granted, the staff used can save their money or spend it to help the economy but that is still short-sighted.

Why won’t universal healthcare work like other countries? We can’t afford it.

Why can’t we constantly provide aid to other countries while our own citizens need assistance? We can’t afford it.

Why can’t the government help every single individual affected by a disaster all the time? We can’t afford it!

Now I look at it this way: People want a brand new iPad every year and not live with their parents. The problem? They can’t afford them!! Sometimes we can’t afford the things we want and the solution does not come from floating on an island of credit.

Hmmmm… I just recklessly maxed out my credit card and spent all my money on a fancy new car I didn’t need and now I can’t afford to go to the doctor…. Maybe I’ll call the credit company to raise MY debt ceiling!!! God bless America!

Quiet About Shutdown

David Docekal, Editor The Hypercapitalist

@DavidDocekal

It should be noted that we have been noticeably quiet about the US government shutdown during our writings here. It’s not necessarily intentional but what else is there to say about it? I always love to hear conspiracies about September 11 because some people believe that was orchestrated by our own government. I have a hard time believing that. The reason is because the planning that would need to be involved in that is extensive. They can’t even balance a budget!

Maybe the show South Park is right about that. Perhaps the 9/11 conspiracy itself was perpetrated by the government in order to make people think they are capable of something like that. I don’t think they are just from what we’ve seen the last few weeks in Washington. Do you think a private entity would be able to get away with shutting down like this? NO! They would go out of business. Maybe our government should go out of business. Let some other organization take over. That good be good or bad I guess.

My point of all this is that whatever needs to be said about the shutdown has already been said. It just goes to show how important money is in this world. That’s what this shutdown is all about. Don’t forget it!

Saving Detroit: The Privatized Solution (Part 2: Employees)

By David Docekal, The Hypercapitalist

@DavidDocekal

It would be arrogant of me to say I know what’s best for a city that I do not frequent, let alone live in. However I think my ideas hold water wherever they would be implemented.¬†While I know I am providing broad strokes for problems that are not easily solved, it is important to remember that drastic change is needed and details can always be addressed later.

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City Employees

People are generally hesitant to allow privatization to enter government affairs because of past experiences. I attribute this fear to the lack of quality regarding some individual contractors. Contractors that typically handle one service in a community, such as parking or trash removal are less likely to provide acceptable service. My ideas revolve around privatizing the entire city under one company. This would allow for the retention of current city employees. Police officers, Fire Fighters, EMS, Public Works, administrative staff, etc that already work for the city will keep their jobs. This would help the economy recover. With investment and tax funds, more jobs could be created that would restore the proper staffing to support city services. This is a critical step in restoring safety and order to Detroit.

Contractor employees lack direct involvement and accountability within the city organization. Detroit would have very little say or control of who the contract company hires to provide service to the citizens. Under my proposal, all employees would be directly employed by the city as they are now. This helps to ensure quality and continuity of service that residents should expect from their local government.

Regular surveys from city employees would serve to expose flaws in the system and where the newly-privatized city could improve those areas. Feedback from staff is vital for improvement as they know the ins and outs of city operations. Consultants will also be used (along with focus groups) but sparingly and only in-concert with employee feedback committees.

Compensation levels would initially need to remain at present levels in order to allow the city to enter an era of sustainability. Additional vacation time and company stock would be given out in place of additional pay for the first 2 years. The company stock given would not be allowed to be sold for a minimum of one calendar year from the date it was received. This helps maintain the stability in the investment pool. This is the same policy that will be implemented regarding the residents auto-shares for living in the city. Stock will be covered more in my next “Saving Detroit” post.

If sustainable, profit sharing will also be provided to the employees of the company.

Insurance will be provided by third-party services (at least in the beginning) for city workers. Bids will be placed and providers assessed for price and quality before implementing an insurance plan. The idea is to minimize the burden on individual employees. The money saved by the employees will eventually help the city economy by being spent in local businesses. This is why it is crucial to provide affordable healthcare in the early stages.