Thursday, July 4, 2013

Question for Gene?

"How do we get a pay raise in trucking?"

Thank you for the question.  I was reading a copy of The Trucker just last night, wherein the driver was complaining of how we truckers were not getting our piece of the pie.  I am experiencing this same issue in my finances.

A non-violent path would be to stop monetary expansion;  the Austrians call it, "monetary inflation," I think correctly.  According to Milton Friedman, monetary expansion is the lion's share of the price inflation we see eating into the value of our labor wages.  Stopping this can only be done by stopping the central bankers from expanding the money supply (i. e. QE3).

Currently, we see the bankers stopping this policy, and the predictable inflationary recession is now correcting this false inflation within the economy.  Things should begin to balance out in about eighteen months for the economy, as a whole.  (However, the propensity will be for central bankers to find another reason to inflate the money supply.)  Friedman refers to it as similar to an alcoholic being given booze and then sobering up and the cycle continues until the whole economic body of the nation is weary and weak, nothing is net gained.

Truckers have the additional problem of being in a commoditized business, wherein one cannot just easily adjust prices to price inflation.  My solution in this setting is the development of unions with a focus on Truth and Non-violence, rather than the violent Marxist nature of unions of the past.

This unionization is quite Gandhian, and we could easily strike for an appropriate pay raise of 50 to 100%.  The key is to focus on truth and not get greedy, leaving other parts if the industry poorer than they should be.  Gandhian Philosophy is about being mature enough to get what you need and no more.

Gene Chapman,
Tolstoyan-Gandhian Libertarian for Texas Governor
(Endorsed by Dr. Noam Chomsky, Intellectual of the Age)
ChapmanForTexasGovernor2014.com
gkchapman2012@hotmail.com