Friday, August 23, 2013

Minimum Wage or Busted Economy

.
Republicans and business people have been saying you can't raise the minimum wage without job losses. Here's an example: http://thinkprogress.org/economy/2013/08/22/2509161/mcdonalds-minimum-wage-kill-jobs/

Walmart says something similar: http://www.thedailybeast.com/articles/2013/08/15/why-are-walmart-stores-underperforming-blame-their-terrible-wages.html?utm_medium=email&utm_source=newsletter&utm_campaign=cheatsheet_afternoon&cid=newsletter%3Bemail%3Bcheatsheet_afternoon&utm_term=Cheat%20Sheet

[ I have no idea why that URL is so long. ]

These gas bags made me think of an old song and here's Tommy Emmanuel (perhaps the greatest guitar player of our era) via YouTube.com to play it on the geetar: http://www.youtube.com/watch?v=x-YBUgfNlhY

The fact is household incomes are lower now than when the recession ended in 2010 and they've been going down a long time: http://www.motherjones.com/kevin-drum/2013/08/chart-day-stagnant-household-income

Without money to spend both Walmart and McDonald's will not sell as much and won't be hiring or expanding.

Raise the minimum wage!

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.