New York, NY – Those now lining up against the Biden administration’s $3.5 trillion Reconciliation Bill represent the same small segment of society that has always demanded working families demure to the wants and desires of the so-called “job creators.”
The “job creator” fantasy is a malignant, but persistent myth that the corporate class and their power-suited courtiers use to squeeze the working class and extract their wealth.
And they aren’t abandoning it now that federal unemployment benefits have expired and there’s little preventing landlords from kicking millions of struggling American families onto the streets.
Donald Trump’s $1.9 trillion Tax Cuts and Jobs Act has been exposed as the toxic fraud and giveaway to the ultra-rich it’s always been — while Covid has made the need for the largest public investment in working families since FDR’s New Deal abundantly clear.
North Carolina Representative Virginia Foxx, Republican leader of the Education and Labor Committee, nevertheless, seized hold of August’s underwhelming jobs report [as if the figures, in and of themselves, adequately reflected the reality of working people’s lives] to further prop up the “job creator” myth.
“This is what happens when you reward people for staying at home and throw gasoline on an inflation fire with socialist spending packages,” the 15-year House fixture said in pre-Labor Day statement. “If Congressional Democrats and the Biden administration really want to help struggling Americans, they will get out of the job creators’ way and suspend with [Majority Leader Nancy] Pelosi’s $3.5 trillion spending spree which will double down on the worst of today’s jobs report.”
According to Forbes, the United States of America created nearly 100 new billionaires between March 2020 and March 2021. Worldwide, the figure approached nearly 500. All told, the world’s super-rich stuffed another $5.5 trillion into their already bloated multi-trillion dollar coffers.
Making Out Like Bandits
The rich are making out like bandits during the pandemic. Is it any wonder that working men and women who were expected to imperil their own lives and the lives of their families to keep the gravy train going for billionaire corporations during the height of the pandemic are increasing unwilling to do it anymore.
When the ever-business savvy U.S. Chamber of Commerce cynically decided last month to back the bipartisan $1.2 trillion Infrastructure Investment and Jobs Act also pending in Congress — they called it a necessary measure to help America “remain competitive” with China and “the most fiscally responsible infrastructure package in at least a decade.”
By framing its support in this kind of “robust” free-market faux language, the Chamber is attempting to help shield the great “job creators” myth, while also sparing one-percenters the pain of being more heavily taxed under the $3.5 trillion Reconciliation Bill — a significantly heftier congressional measure that includes money for “soft” infrastructure items like paid leave, child care, education and health care.
Related Companies head Stephen Ross — great friend and enabler of Donald Trump — invoked the great “job creator” myth in his more than two-year quest to largely cut out the Building and Construction Trades Council of Greater New York [BCTC] from phase two of the largest private real estate development in U.S. history — the suicide-plagued Hudson Yards project, located on Manhattan’s West Side.
Before the two parties reached an “accord” in 2019, furious trade unionists irate at losing jobs at Hudson Yards to cheap nonunion labor, dogged Ross and Related Cos. all around town, subjecting themselves to mass arrest, filling Sixth Avenue with thousands of rank & file protesters, and, at one point, blasting the developer as a racist union-buster during a live telecast of Fox NFL Thursday Night Football.
All the sustained union militancy prompted Joanna Rose Related Companies Executive VP of Corporate Affairs to snap, “The BCTC does not create jobs — we do.”
Rose’s cranky response, however, belied the billions of dollars in public subsidies, tax breaks and loans the Hudson Yards project enjoyed. Young New York City trade unionists still at the start of their building careers weren’t fooled, however.
“[The property] comes from the city to begin with — that’s the common ownership of the people,” Laborers Local 79 member Freddie Bastone said during the protests. “And the workers, themselves, have always produced the wealth in this city. We’re talking about the largest real estate development in all of American history, and the financing going into that comes right out of our pockets. And we built those buildings — we build New York. So, we’re the ones who create the real wealth — they don’t create anything. If we’re going to have class warfare brought to us, we’re going to have to bring it to them.”
Fellow Laborers Local 79 member Tafadar Sourov put the situation in further perspective.
“What the developers are doing…they supervise the process of bringing together the money and the workers…but if we’re really talking about who makes the job run, who actually makes sure all this wealth is used to produce — it’s us. We’re the producers,” he said. “We’re the workers. Nothing happens without us.”
The $1.2 trillion Infrastructure Investment and Jobs Act is projected to create one million middle-class jobs over the next decade in engineering, accounting and construction. The 3.5 trillion Reconciliation Bill, part of Joe Biden’s Build Back Better program, significantly expands the social safety net, while reportedly creating two million jobs annually.
All of these jobs are a far cry from the low-wage, junk jobs the mythic “job creators” usually produce. While the federal minimum wage has been stuck at $7.25 since 2009, the average S&P 500 company CEO-to-worker pay ratio in 2020 was 299 to 1.
West Virginia Senator Joe Manchin, for instance, is spending this pivotal time in the nation’s history fretting about the deficit and warning that the economy is on the verge of “overheating” with “millions of jobs” across the country going unfilled.
Could it be that those vaunted “job creators” just aren’t any good at creating decent jobs?
1 thought on “Time to Put the ‘Job Creator’ Myth to Rest”
Excellent article further exposing big Trump financial backer , union-basher, REBNY executive board member and Related Companies head Stephen Ross, and pointing out through knowledgeable quotes from Laborers local 79 members Freddie Bastone and Tafadar Sourov who really produces the wealth in America…President Biden and Congresswoman Ocasio-Cortez, and others like them, deserve all our support in their efforts to assure real, meaningful, massive, decent-paying jobs for all women and men!