Monday, June 8, 2009

Global economy slump, who are the victims?

With everyday headline coverage of the global economy crisis in the media. Who is the most unfortunate in victims of all?

Definitely not the shareholders or executive officers or board of directors of Chrysler or General Motors of the US Giant auto vehicle industries. The most affected would be the middle classes and more so for the general workers working in various plants which faces the threat of unemployment and ultimately the lost of the mean to provide to the family.

While the economists, bosses, executive officers, shareholders worry about their stock exchange, and restructuring of their bussiness and companies, they have forgotten the most fundamental business or corporate ethics of looking after the welfare of the employees, who some have worked many years and loyally. For most, people working in blue collar jobs are not only often underappreciated but they are first ones to be kicked out in the face of crisis in the corporate/ business world.

Some bosses touched by the torn of human conscience have even agree to reject a pay rise in their salary. What about the hundreds of thousands or even millions dollars of expenses paid by the company/ business for family vacations, food, leisures, or some even private jets?

It is most shocking to see some top executive officers besides being paid more than millions a year, are claiming other mostly non-essential benefits from the company often more than their basic salaries!

I am not saying whether the executive officers should be paid or given those expenses or not but how about those working as blue collar jobs?

Far more unfortunate are those who are already living under poor conditions of less than a dollar a day and without the excess of clean water and basic sanitation!

They continue to go hungry, thirsty, sick, cold as usual or perhaps more during the global economy crisis when charitable organisations are among the hardest hit in the current economy downturns.

While many groups fight for social equality in various causes around the globe, one of the most injustice situation remains by large in silence. The poorest among the poor especially in Africa, parts of Asia and Latin America has to plead for help instead of fighting for fair and equal treatment they should be receiving.

In short, with the current global economy slump, who are the victims?

The answer would be those who are already victims of social and economy injustice before beginning of the the current economy crisis.
Joshua

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