Walmart Avoids Higher Minimum Wage in Washington, D.C.

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The mayor of Washington, D.C. vetoed a bill requiring a higher minimum wage (a living wage) for the city. Walmart won.

http://www.rawstory.com/rs/2013/09/12/walmart-victorious-as-d-c-mayor-vetoes-living-wage-bill/

But, does America win when wages are held down, even as productivity goes up? America has done better in the past (post-World War II to 1980) growth in wealth was shared by everyone far more evenly than today and the economy grew. In 2007-8 it crashed after corporate taxes had been reduced and regulations on banking were reduced dramatically.

It's amazing the rich, and it is the rich who run major corporations, can see big government help during the recession as alright, but government interference with the minimum wage as destructive. They received trillions of dollars during the recession in bailouts and stimulus spending and now they begrudge working class receiving good wages. It's amazing and disgusting. But, more than that it isn't smart.

An economy which isn't doing well does better when propped up long enough for healing to take place -- and some of that healing is corrective legislation to regulate better. Even now the Federal Reserve is pouring billions of dollars into the economy to prop it up. When there's discussion about reducing that the Wall Street crowd cry bloody murder and claim the economy would crash without it. They love their big government when they benefit. Well, the economy could use more cash flow, but the government doesn't want to just increase quantitative easing. That money doesn't get into the hands of the consumers so much as Wall Street and corporations which are borrowing from big banks. Earlier in the recession the government gave some tax breaks to the working class and that helped. Those are (mostly) gone now.

Maybe it's time to remove the bandage from Wall Street and see how much healing has happened. If Walmart (and other big companies) think the working class doesn't need better pay and the economy is just fine, then maybe they think the healing has occurred and the economy is strong enough to stand on its own feet without big government supports.

Clearly it's time to cut back on the Quantitative Easing (QE) and quick, before America becomes a Socialist heaven for the rich.