Workers Are Poor While Forbes 500 Prosper

MIAMI (CBSMiami.com) – While Governor Rick Scott claims to be making Florida a more business-friendly state, the editors of Forbes have some bad news for the governor.

No Florida company made into the top 100 of the annual Forbes 500 list released Thursday. The highest rated company in the state was Lakeland-based Publix Super Market, which had revenues last year of $25 billion.

The highest ranked companies from South Florida were World Fuel Services (#133), AutoNation (#197), and Office Depot (#211). Combined, those companies had $42 billion in revenues in 2010.

As a sign of the times, three of the top four companies in the Forbes 500 list relied on foreign oil. Exxon ranked second, while Chevron was third, and ConocoPhillips was fourth.

While the companies were raking in big bucks off the backs of the working class, the money certainly wasn’t going back to the workers.

According to Forbes, the Fortune 500 saw profits soar 81 percent. How did companies do this? Many down-sized, took jobs overseas, or simply eliminated positions. All of which contributed to the staggeringly high unemployment rate seen today.

Forbes even commented that “We’ve rarely seen such a stark gulf between the fortunes of the 500 and those of ordinary Americans.”

It throws water on trickle-down economics and presents Governor Scott with a conundrum.

He has to balance giving businesses everything they want as far as no taxes or regulations, which is a tea party staple; and forcing them to produce the jobs in Florida that are desperately needed and reinvesting in the communities that house the companies.

Comments

One Comment

  1. Why Why Why says:

    Don’t hold your breath. Government is for the companies, not the people. Forget about the US being number one again. Will never happen.

  2. Flipper says:

    How about the Governor require a Business Plan from Companies wanting tax incentives from the State showing how they will put Americans/Floridians back to work. I do believe that in order for our economy to move forward and for the unemployment lines to get smaller that the State and Federal Government must give, especially small business the incentive to grow through tax cuts etc.. but the companies MUST be held accountable.

  3. Phil Landers says:

    I spit on conservatives for good luck.

    1. Phil Landers says:

      I’m sorry, did I say conservatives? I should have said “The Ultra Wealthy Puppet Masters that continuously hoodwink simple minded conservatives into f#*^+!g themselves”.

  4. Jim says:

    Get real socialists. Workers are poor for many reasons, not the least of which is that companies are run for the benefit of shareholders, and not for the benefit of the employees. If you want to be financially secure, learn how capitalism works,…get educated, and create something. More than half the potential workers in Detroit cannot read. Guess why they are poor? Workers with good educations, who are productive, will be successful.

    1. Atheist says:

      Jim, you can’t go blaming the workers for their unemployment. It might be the case for some but for many lost their jobs when the economy crashed. Who’s created this economic disaster? It wasn’t the workers it was the bankers and to big to fail companies. While they got bailed out many got laid off now how is that fair? Capitalism doesn’t involve bailouts, which by the way was brought to us by republicans and many tea party members. No amount of back pedaling will change that fact.

    2. Chet says:

      CAPITALISM IS ONLY AROUND IN BITS & PIECES, WHAT WE HAVE NOW IS A FEW FAT CATS CALLING ALL THE SHOTS & THAT MY FRIEND IS A DICTATORSHIP & NOT ALL OF US HAVE REALIZED THAT YET !!!!!!! FOR THE PEOPLE, BY THE PEOPLE-WHAT A JOKE THAT TURNED OUT TO BE !!!!!!!

  5. Chet says:

    SAME OLD STORY – THE RICH GET RICHER & THE POOR GET POORER. WE’VE HAD WAR WAR 1 & 2, I THINK IT’S TIME FOR A AMERICAN REVOLUTION # 2 BECAUSE WHEN THEY HAD THE 1ST ONE THE COUNTRY WASN’T IN THIS BAD OF SHAPE !!!!! THIS COUNTRY IS GOING DOWNHILL SO FAST IT’S TRULY SICKENING !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

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