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"Uh. There's a lot thata lotof people can achieve but we allow everything that we see around us nerf our abilities to achieve those things. It's nature's default way of filtering off the economic imbalance and keeping the world in check."
"Ummmm, okay, you've just lost me," I laughed.
He smiled and started to explain further, "You see, to maintain stable economic equilibrium, the world hasn't figured how to distribute wealth equally. There's currently a measly five percent of the world's population that have active control over ninety five percent of the world's wealth."
"Woah."
"Yeah. Quite a thing, eh? Well, the sketches are rough around those edges, you know. Definitely not an exact number. Some economists suggest that if the number of these 'wealthcontrollers' should increase, there'd be a great economic cascade of events that would eventually change our society from the way we know it today."
He let that sink in and waited for me to ask the chain question.
"Why though?"
"It's simple, really. Let's start from something pretty basic. Do you agree with me that no matter how well a person is paid, he or she would never be among the controlling five percent?"
"Well, unless they can figure out a reason to pay someone in billions, yeah. The salary earnings from a nine to five would never make that cut."
"Good. This leaves three more people in the spectrum. The self-employed, the big business owners, and investors. I would argue that there is currently no self-employed person in the top five percent right now. Do you concur?" he asked.
"Well," I chuckled lightly and used this 'hands in the air' tone. "You're the economist. I follow what you say."
"Ha! Well, there isn't. I'm getting somewhere."
"I'm following."
"The top five percent consists of big business owners and for some credible reason, big business investors."
"Investors? Like the ones who buy bonds and shit?" I scrunch my nose in memory of when my father bought bonds from "Gosh.com" a startup shopping and other logistics company that claimed to rival Amazon directly. If he ever got any direct returns, he never told me.
"Heh. Imagine putting in two hundred and fifty million dollars in one sweep into an investment."
"Oh."
"That's why I called them big business investors," he chuckled.
"Anyways, these are the four spectrums of the financial economy. You're in one of them. Now imagine there were more people that owned big businesses."
I thought for a while and answered the obvious, "More money for those people?"
"Well, no," he laughed at my simplicity again. "Actually, economically, that would mean less money, because the market will now be divided between various firms. There's something more subtle about there being more big businesses than there are now and it's a con."
"I can't think of any con to owning a multi-billion-dollar investment," I said plainly without hesitation. Really. Nothing beats that.
"Well, look at it this way. To run a big business, you need something very important. Labor and good labor at that, which we do know these days is quite hard to find."
"Yeah?"
"Now, if there were more massive industries than there are now, the first few will solve all the world's unemployment problems. Everyone will be employed and happy, right?"
"Uh huh."
"Then, more industries would begin to rise. There's a subtlety here because people would not realize labor is lacking. At first, it would be like some sort of competitive advantage for laborers where employers would be offering them higher pay for work. The real problems would come some two decades later when there is an entire generation of laborers who have secure jobs and there are tons more waiting for them. Big companies will begin to get desperate and start offering outrageous sums to specialized skilled workers, but at the same time overwork them to stupor because there are simply no workers."
"Youareon to something," I inclined myself to a better listening position.
"I know," he chuckled. "Whole businesses and even industries would begin to collapse as a result of lack of labor and when an industry is affected, no matter how insignificant the industry might seem, the entire economy would shake. Just imagine what would make the wood processing industry unstable."
"Wood?"
