how the rich benefit from the poor
The United States is the most developed capitalist economy in the world. The markets within the economy provide profit-motivated companies endless potential in the pursuance of pecuniary accumulation. Throughout the twentieth-century competitive companies have implemented modernized managerial procedures designed to raise profits by reducing unnecessary costs. These cost-saving procedures have had a substantial effect on society and particularly members of the working class. Managers and owners of these competitive and self-motivated companies have consistently worked throughout this century to exploit the most controllable component of the production process: the worker. The worker has been forced by the influence of powerful and affluent business owners to work in conditions hazardous to their well being in addition to preposterously menial compensation. It was the masterful manipulation of society and legislation through strategic objectives that the low-wage workers were coerced into this position of destitute. The strategies of the affluent fragment of society were conceived for the selfish purpose of monetary gain. The campaigns to augment the business position within the capitalis
"Industrial Revolution." Microsoft Encarta Encyclopedia. 1st ed. 1999. Corporations compete against each other in markets in the United States and around the world. These corporations have employees who perform various functions that contribute to successful strategic goal completion. Corporations often will offer stock incentive plans strategically to employees in positions of importance. The enticement to employees is to work in a manner that will increase the value of the company and their shares of stock. These incentive plans were strategically developed by major shareholders because the corporate executives felt that people would be motivated to increase their own wealth. Most employees are motivated by money and will work harder when the chance is given for more money. The very nature of this strategy consolidates all the employees to act as one self-motivated entity in the pursuit of monetary accumulation. In Piven and Cloward's Regulating the Poor, this point is illustrated: "Capitalism, however, relies primarily upon the mechanisms of a market-the promise of financial rewards or penalties-to motivate men and women to work and to hold them to their occupational tasks" (4). The increased motivation of important members of the workforce by the enticing tactics of greed for wealth is a result of strategic planning by the major shareholders of the firm. The cost to these primary shareholders is the stock incentive plans needed additional stock to fulfill, which reduced the valuation of all stocks. The major shareholders know this devaluation is only temporary because self-motivated employees will act in a manner that will increase the value. The primary concept for discussion purposes is that self-motivated major shareholders have utilized the capitalist theory and thus, created a business compact with employees that will make self-motivated decisions on all levels. The strategy worked and throughout the country employees are busy increasing the value of their stock, but most importantly, they are increasing the value of the major shareholders. We will see this investing concept throughout most this paper because the wealthy resist adverse conditions with money. Cloward, Richard, Frances Fox Piven. The Breaking of the American Social Compact. New York: The New Press, 1997.
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Approximate Word count = 5600
Approximate Pages = 22 (250 words per page double spaced)
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