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Poor people are good at explaining their failures
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2014 Sep 23, 3:29am 25,625 views 60 comments
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Peter P
2014 Sep 25, 3:08am
The point of the King analogy, is that there is limited capacity for jobs and goods.
But people all want different things.
Hardworking people can't afford to buy the goods they make.
We cannot expect Rolls Royces craftsmen and Gulfstream engineers to afford their own products. But they are proud of their work. :-)
Besides, we are in a period of adjustments. Some call it global wage arbitrage. It has been happening for many years now, and I am surprised that real wage did not drop much. When the labor costs of all productive countries are equalized, everybody will see real growth again.
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Jack Ma, the richest person in China, said that poor people over 35 years old deserve their predicament.
He is 100% right.
Mr. Ma was a poor school teacher. He went on to become a multi-billionaire because he was determined to overcome obstacles. He went against the naysayers and built the largest technology company in the world's most populous country. He seized the opportunity and he took action.
Poor people are good at shifting blame to the society. The subscribe to theories that explain their condition as "unfair" policies or bad hands.