I wanted to give my opinion about Occupy Wall Street. It started in the USA where people started protesting and got united by their concerns about growing inequality and corporate excesses. They are targeting the 1% in North America that makes more than $300,000 a year, specially now when banks are still giving high bonuses to that 1% that works for them while people are getting cut off by their employers because of the hard financial times.
My first thought was that if we are in a recession, banks should lower some of the bonuses given to the top employees so thing ey are able to keep others instead of firing them, but then I started thinking that in business, companies always try to get the best profit at the lowest marginal cost.
Watching some of the videos and reading the blog posts stated below, I decided that I do not agree with the Occupy Wall Street movement, currently every person who is living in Liberty Plaza is being provided with free donated shelter, pillows, covers, food and other things. People are just there for the commodity of getting free things, and many times people that are at the top and earn high salaries is because they deserve them, or at least they’ve worked to get it.
Protesting is everyone’s right, but if you want something to be done about it you have to provide a solution. After reading Malcom Gladwell and finding out that most times people are given the same opportunities but you have to work for at least 10,000 hours to become successful in that subject, then instead of protesting and just complain about other people achievements you should start working on your own.
You can see different points of view from supporters to contradictors, for example:
Articles used:
Here is one blog that shows a very interesting opinion about why should companies listen to the “Occupy Wall Street Movement” written by Eric Lowitt from The Harvard Business Review.
http://blogs.hbr.org/cs/2011/11/why_companies_should_listen_to.html