The corner stone of our capitalistic system is "Supply and Demand". If you can find a better job, take it. If you cannot find a better worker, you have to pay more.
That's why we have starving
artists as the society does not need their work and that's why we pay
accountants and programmers a lot of money relatively. If
the rich does not invest (taking risk for the potential profit), there will be no
jobs. It is also the catalyst (better wages) to ask folks to study what
the society wants instead of what they want. I did not have the luxury of studying the field I really wanted.
Do not blame others but yourselves. Do
not treat the rich as parasites. Do
not blame China as a 50 cent per hour could be heaven for them. Again it
is Supply and Demand.
My classmate wondered why the West wanted to take away his only job as a child labor. He needed that job for buying bread.
There are always two sides of a story. Do not force others to follow your ideals. If you do, we have wars.
The above is my response to comments of blaming the rich in Seeking Alpha.
The above is from my book "Complete the Art of Investing" from Amazon.