Showing posts with label Wealth. Show all posts
Showing posts with label Wealth. Show all posts

Thursday, December 10, 2015

First World Problems




Hope is a strange thing. We Americans (and busybodies of all nations and ethnicities) constantly sweat the small stuff. We sweat it so much that we even make fun of our superficial problems with hashtags like #firstworldproblems and #fml.  I could pretend like I'm above all these things but let's be real; I get horribly upset if the person I like rejects me. I get all whiny when I can't go out with my friends because I spent my money on take-out because I was too lazy to cook. I am typically distressed over room mates, employers and most authority figures (because sometimes it feels like everyone has authority over my life, except me).  I freak out if every inch of my body isn't covered in lotion within five minutes of exiting the shower. And it has to be the good stuff, too. Don't give me that dollar store crap. I need that Eucerin or Jergens The stuff that can lubricate cars for years. These are my "problems".

The funny thing about First World Problems is that we make them ourselves.

I mean whose fault is it that you don't have any money to pay that bill after partying? Whose fault is it that your friend or significant other got pissed at you because you got trashed and said something stupid? Whose fault is it that you're in jail because you didn't feel like paying for that new iPhone 4684SQ 2.0 (no that's not a thing)? It's yours. And while we scamper about like bunnies lamenting over our insignificant problems there are people with very real life or death problems. And while we feel hopeless because we didn't get our dream job or school or we have shitty luck with finding a mate or no one likes us, those who are in desperate situations are completely capable of finding real hope in the future.

When I witness situations like these, it calls me to re-evaluate my life. My priorities. My "problems". Yes, sometimes it is difficult to compare each person's problems, much like it is to compare one's physical pain to another; but we have to stop and ask ourselves: What problems can I fix with a little more effort and a little less whining? Just as important: What problems can't be fixed? What is outside of my control? Would all the fuss and hoo-haw and effort even change the outcome? If not, perhaps it would serve me better to take a deep breath, thank God I am alive (because you only get one life) roll up my sleeves and then rebuild.


-O.T.


Sunday, December 6, 2009

Are Poor People Good for the Economy?

Warning: This next post may sound a tad bit crazy, especially to you economists.

As I was walking through the streets of Newark after class, I was thinking about the three Rainbow clothing stores within a two block radius near Broad and Market. I was also thinking about the large number of other clothes stores and chicken shacks. These chicken shacks and stores have been open for a very long time. I live in Montclair where a business is blessed to hit the four month line. I hate to say it but Montclair is becoming a ghost town. It's becoming more and more evident how desperate the town is by the sudden fast food -organic burgers or no- and clothing franchises springing up. As I was thinking about all of this I couldn't help but wonder: Do the poor play a vital role in the stability of the economy?


Think about it. If I were a multi-millionaire and I spent a bunch of money on things (ridiculous things at that) my paycheck could single-handedly be responsible for the success of a few stores. I, as a rich person or a well off person contribute a good amount of money to the economy. But wait! I lost my job and I'm broke. I stopped shopping and spending an excessive amount of money on things. As a result, the local boutique shut down because it lost its best customer and couldn't make the rent. I can't hire the landscapers. I can't pay a bunch of money in taxes. I can't pay a huge mortgage. I can't send my kid to private school anymore and I can't pay off my loan. The loss of my micro-economy just made a void in the regular economy.

Now look at a poor or lower class person. There's only me. I'm typically broke so I tend to have very stable spending habits, for the most part. Gotta pay my bills, gotta eat, gotta get the essentials and if I have some extra monies I'ma head to Persuation or Sin City and get me some cute jeans. Oh crap, the economy is going to hell! Well as long as I still have my job, not much is going to change, I'm still broke. Even I were to lose my job there wouldn't be much of a dent.

I think that the lower class is very essential to the stability of the economy. But only if there are poor people in numbers. Look at Newark's businesses, for example, there are about 30,060 people in Newark (according to the Census taken in 2006). It is safe to say not many are upper class but they somehow have enough money to keep all the chicken shacks, news stands, dollar stores, clothes stores and street vendors open for years. If one person loses their job then it's no biggie to the stores because they still have another 29,000 people to buy that pair of pants for $10. If one rich person loses his or her job, it's the equivalent of 10+ poor people losing their jobs, causing businesses to suffer a huge loss. As I said before this theory only works in numbers. If 30,000 were rich and living in the same town then it wouldn't matter much. Unfortunately, it's a rare thing.

So there. That's my theory.

I also have to say that I don't understand why businesses have lost their minds and made things more expensive and are surprised when they can't keep their heads above water. The businesses of Newark got it right when they made "recession specials". Even the Subway off of Raymond Blvd. and Broad jumped on the band wagon. As a recession special, Subway has two dollar ham sandwiches with unlimited toppings. Who needs five dollar foot longs? Only that Subway is doing it. You know why? Because they know that people need to eat and two dollars is a damn good price for a 6" sub. So now everybody and their momma is going to Subway. Subway is going to pay their rent and everybody is going to be happy. All because of two dollar ham sandwiches. Subway won't lose money because the neigboring business people still get their five dollar foot longs and "make it a meals". Personally, I'm not a huge fan of Subway but now I go there just because of the two dollar deal. As I said, I think businesses should take a lesson from how Newark's businesses operate and get with the program.