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Friday, October 7, 2011

Business Challenge

It doesn’t take a college degree to know that if there’s no market for a product being produced, the workers simply won’t be hired. I heard that the coconut water industry is earning $350 million a year in America and we know entertainment and electronics are making money. This means the people are spending but apparently not in a way that businesses want them to. Businesses need to figure out what products are needed, find those items that we’ve lost or will make us self sufficient and get them going again. For example, per an article in Time, we buy Chilean sea bass that’s supposedly from eco-friendly fisheries. It’s said that 8% of the fish we received was of another species while 15% came from non-fisheries. There’s a market for fish so it sounds like we should have our own fisheries.

Here’s a challenge for businesses – Get together and use the budgeting standards (so much for food, clothing, housing, etc.) and create businesses accordingly. Now the catch is you have to pay the people enough so they can be putting money in everyone’s pocket. With this I urge unions to fight for a living wage and not act as their business counterparts and get greedy. I’d like to see banks reaching out to the people who are being foreclosed on. They have to stop acting like they didn’t play a part in our economy’s failure. For a win/win situation banks should be keeping people in their homes by working with them to make a payment; something is better than nothing. 

It’s time for businesses to take the lead and stop waiting for tax credits before acting.

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