Americans believe in fairness. That’s why so many of us are so angered by recent developments in our economy — a growing divide between the rich and the poor, a drastic weakening of the middle class, and huge bailouts of failed mega-banks — and their incompetent billionaire CEOs — while hardworking Americans struggle just to make ends meet.
Workers provide profits to our employers and we should be able to keep more of our profits in order to meet our basic needs. In the security industry, the wealthy building owners who ultimately determine our working conditions have state-of-the-art healthcare, while the officers who guard their buildings can’t afford a simple visit to the doctor. While we protect multimillion dollar properties every day, many of us go home at night to our nation’s poorest neighborhoods.
According to IBISWorld, in 2009 the U.S. spent $29 billion on private security services, more than three-quarters of which was spent on “manned security.” Just a handful of giant security companies dominate the global market for security. In 2008, the revenue for the top six security companies was over $8.7 billion in the United States. These top six firms control 44% of market.
Yet most of us are not sharing in the success of our industry. For the sake of our families, our communities, and fundamental fairness, we should be able to keep more of the profits we provide.