08-25-2016, 06:05 PM
(This post was last modified: 08-25-2016, 06:37 PM by RolloTheGreat.)
(08-25-2016, 10:45 AM)dmcowen674 Wrote: Everything that is wrong with the U.S. and how the Corporations and the Government have been taken over in one article.
No.
How many pharmaceutical scientists do you employ Dave? What do you know about what it costs to bring a drug to market, insure your company against class action suits, and pay class action suits? How many times when they are trying to invent new drugs do you think they fail after spending 100s of millions on research? Do you realize they only get a certain number of years under patent to profit at all from their inventions, then they become basically free?"
The pharma industry isn't like, "McDonalds is selling Big Macs for $100 now and people need food to live!".
They are inventors in a costly industry. What their CEO makes is irrelevant. There are people who would do our jobs for less money as well.
I'm not saying there should not be regulation of pricing, I am saying that pharma is a different kind of business where the economics of say "wooden chair manufacturing" don't apply.
What is wrong with the US has nothing to do with pharma, and everything to do with the loss of living wage manufacturing jobs.
The "revolution" that needs to occur here to make things decent again is for government to work with industry to create that system again. Government needs to route all forms of public assistance to able bodied (AFDC, rent assistance, Obamacare) through manufacturing industries to subsidize people's wages rather than pay them to sit. Their labor would be partially self sustained by the profits on good sold, and provide employment for more skilled people upline, or less skilled along side of them. People with no or low skills would have hope for living wage jobs, our family structure would be supported.
A handful of CEOs making $100m a year isn't what ails this country, 40% of households having an average income of $32K/year is. (and no, there isn't enough money in CEO salaries to give those 40-50m workers the big raise)
http://www.taxpolicycenter.org/statistic...-quintiles