Friday, November 15, 2013

Janet Yellen's characterization of income inequality in this country as a "very serious problem" is well worth noting. Even moreso is one of the reasons she cites in support of this worrisome concern: "the decline of unions." Ms. Yellen made these statements earlier this week in her Senate confirmation hearing as President Obana's nominee to become the next Chair of the Federal Reserve. I laud Ms. Yellen's bravery in her use of the bully pulpit of the Senatorial hearings and in expending the necessary personal and professional capitol such statements require in advance of even a committee vote on her nomination. Further statements referencing the "cross purposes" of Federal Reserve actions and Congressional actions in response to our present economic crisis can easily be interpreted as a clear criticism of Congressional actions.

The recent decline in union membership and strength is not so much the result of inherent weaknesses within the union movement, but the result of a direct assault by legislative bodies on the state level and the movement within governmental and private industry to use subcontracted personnel rather than direct hires. Lots of folks bemoan income inequality, but few, especially those with access to the top ranks of power, clearly identify self-incriminating causal factors and therefore the corrective measures that make both good economic sense and comply with a commonly accepted sense of social justice.

I trust that the ship of state (read: and civil society) has the ability to self correct. The tragedy is the pain, suffering, and loss of life that results from the errors in judgment and the narrowly focused application of political conviction committed by those in authority. May history hold them accountable so that much the same mistakes are not repeated and that the common good is characterized by genuine universality.

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