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Minimum wage law is the 'People's Fed.' Tie minimum wage to money supply. If there is pushback against this idea, then shut down the Fed and its ability to distort the economy, penalizing labor, or make the Fed's distortions available to all businesses and all workers.
Well, what there ought to be is an international labor organization, a confederation of the trade unions of all the countries speaking for the workers who are competing with one another, and talking about the difference in wage levels between, say, Europe and Indonesia.
When it comes to discrimination, Americans pride ourselves on how far we've come. Racial segregation is history. Explicit sex discrimination is banned. Same-sex marriage is the law of the land. But amidst all the progress, the male-female wage gap persists, and it's big.
The first job I ever had was at a pool-liner-manufacturing plant. Minimum wage was $4.25, and that's what I was making. It was this huge, hot, un-air-conditioned factory staffed with all women and me. This is in Georgia, during the summertime, so it was pretty ridiculous.
Fixing a broken immigration system. Protecting our kids from gun violence. Equal pay for equal work, paid leave, raising the minimum wage. All these things still matter to hardworking families; they are still the right thing to do; and I will not let up until they get done.
Similarly, today, we do not know what will happen as we wage the War on Terror. We do know that we can count on the strong support from our closest ally and friend in the world in winning this war to secure our freedoms and the freedoms for all peoples throughout the world.
During Seattle's successful campaign for a $15 an hour minimum wage, our opponents would sometimes roll their eyes and snort, 'If $15 is so good, why not $50?' It was a straw man argument: Nobody was proposing a $50 minimum wage; it would have been too high, and we said so.
If the opponents of an increase in the minimum wage were correct, then every time you fly to Seattle, you've got to bring a bagged lunch because there shouldn't be any restaurants because they should have all have gone out of business as a result of raising the minimum wage.
The conclusion that many uniformed military came away from Vietnam with was that political interference, dominance of strategy and even tactics were a very bad way to conduct a war, and that indeed, if that was going to be our practice, that we shouldn't wage conflict again.
Although most Americans apparently loathe inflation, Yale economists have argued that a little inflation may be necessary to grease the wheels of the labor market and enable efficiency-enhancing changes in relative pay to occur without requiring nominal wage cuts by workers.
Cameras help to minimize collateral damage, and very often, without a camera a missile cannot fire. Certainly, without a camera a drone can't function, which means that the very ways in which we wage war are determined in part by how cameras work and whether they work at all.
It was the labor movement that helped secure so much of what we take for granted today. The 40-hour work week, the minimum wage, family leave, health insurance, Social Security, Medicare, retirement plans. The cornerstones of the middle-class security all bear the union label.
The most insidious thing about trickle-down economics is not the claim that if the rich get richer, everyone is better off. It is the claim made by those who oppose any increase in the minimum wage that if the poor get richer, that will be bad for the economy. This is nonsense.
Most mental health professionals, including clinicians and researchers, endorse the deficit theory. They're convinced that we wage war simply because we don't know how to make love. We desperately want loving, satisfying relationships but lack the skills we need to develop them.
Raising the minimum wage represents a substantial financial burden for employers, particularly start-ups, early stage companies, and family-owned businesses. In response, business owners would be forced to either lay off workers or raise prices to offset the rise in labor costs.
The paradoxical War on Terror is based on a kind of willed stupidity; the willed stupidity of wishful thinking. Only the logic of dreamwork can suture 'War' with 'Terror' in this way, since terrorists were, by classical definition, those without 'legitimate authority' to wage war.
The Keynesian prescription for unemployment rests on the persistence of a 'money illusion' among workers, i.e., on the belief that while, through unions and government, they will keep money wage rates from falling, they will also accept a fall in real wage rates via higher prices.
If a mother or a caregiver does not have a job that pays a living wage and they cannot afford child care, that is unacceptable. I've talked to my constituents over the years, and child care can almost bankrupt a family, even a two-parent household in which both parents are working.
Many people do not understand that business investment is a critical prosperity-booster, leading to more jobs, higher wages, and stronger family income. Put another way, rising tax and regulatory burdens that penalize investors and businesses also punish middle-income wage earners.
Some Western demographers have posited, due to the female shortage created by the one-child policy, that China will be forced to field a vast force - as in tens of millions strong - of wifeless men who'll gladly wage wars around the planet to burn off all those unrequited hormones.
You can't take a coal miner making $95,000 a year, the only work in these parts where you can support a family without having to hold down three jobs at once... and tell them, 'You can make minimum wage,' or, 'We can give you job training for jobs that don't exist in West Virginia.'
The main cause of Europe's deep fall - the losses of inclusion, job satisfaction and wage growth - is the devastating slowdown of productivity that began in the late 1990s and struck large swaths of the continent. It holds down the growth of wages rates, and it depresses employment.
When I wrote 'The Assistants,' I knew very much that I wanted to write about income inequality and student loan debt and the gender wage gap, but I wanted to put it in a really slick, fun package. That book ended up being described as a socially conscious novel in chick-lit clothing.
One of the reasons that Social Security is in so much trouble is that the only funding stream comes from people who get a wage. The people who get wages is declining dramatically. Most of the income in this country is made by people at the top who get dividends and - and capital gains.
Money has to be an explosion of excitement and opportunity, yet we already secretly know that it doesn't do what it promises. Nothing has ever given us as much pleasure as our pocket money when we were 12, or our first wage at the end of that first exhausting week, paid in folded cash.
Raising the minimum wage to $10.10 will benefit about 28 million workers across the country. And it will help businesses, too - raising the wage will put more money in people's pockets, which they will pump back into the economy by spending it on goods and services in their communities.
Workers want to be paid an honest, fair wage for the work they do. They want to be able to provide for their families by being justly compensated for their part in helping grow the U.S. economy. They deserve to be able to put food on the table and receive health care and other benefits.
Over the last 10 years a huge amount has been achieved in getting people into work. Measures such as the New Deal, tax credits, the minimum wage and improved childcare have brought about record numbers of people in work, a number that is still rising despite the global economic slowdown.
Going to a movie is a two-hour experience; at $7.50 for a ticket, you are valuing your time at far less than the minimum wage. If you don't understand the film, don't leave. If you understand it all too well and hate it, get out of your seat and walk up the aisle. You will feel empowered.
It is no small thing for an American to be able to go into a fast-food restaurant and to buy a double cheeseburger, fries, and a large Coke for a price equal to less than an hour of labor at the minimum wage - indeed, in the long sweep of history, this represents a remarkable achievement.
It does the American economy no long-term good to only keep the big box factories where we are now assembling 'American' products that are composed primarily of foreign components. We need to manufacture those components in a robust domestic supply chain that will spur job and wage growth.
Too many American families go bankrupt from healthcare expenses, and low wage workers have to hold two or three jobs just to make ends meet, which leaves many young children without any hope of having a pre-K education - the most important start to a good education and a path out of poverty.
It is true that rich people can spend more money than middle class people, but there's this upper limit on what we can spend. I drive a very nice car, but it's only one car. I don't own a thousand, even though I earn a thousand times the median wage. I have a few jackets, not a few thousand.
On balance, I am a supporter of the minimum wage going up. We've got to be very careful what we wish for because some employers - and there could be a lot of them - will be scared away from hiring new people or creating incremental hours for part-time people as a result of that wage going up.
Folks, you're the reason that the automobile industry is back. Whether it was the wage freezes, the plant closures, folks, you sacrificed to keep your companies open. Because of your productivity, the combined auto companies have committed to invest another $23 billion in expansion in America.
Improving the outlook for U.S workers isn't about creating millions of minimum-wage jobs. It is about creating sustainable, skilled employment that allows Americans to earn a fair wage with benefits that allows them to pay for housing and food on the table and sustain a middle-class lifestyle.
A record is a commodity, but so is a hamburger. Just because I work at McDonald's doesn't mean I reap the benefits of that commodity. That's the reality with most artists in the record industry: They're getting paid a subsistence wage so they can keep producing a commodity for the record label.
Walmart's period of explosive growth coincided with decades of wage stagnation and deindustrialization. By applying relentless downward pressure on prices and wages, the company came to dominate both consumer spending and employment in small towns and rural areas across the middle of the country.
If we want to revive and achieve the American Dream, we need to change a situation in which the people whose hard work makes this country run cannot earn a living wage, while bankers, speculators, and corporate elites - the real 'takers' in today's society - skim off far more than their fair share.
My mom worked at McDonald's, and she decided she wanted to make more money, so she got into the management program at McDonald's. And that's how you move up the chain. It's not by demanding that minimum wage is raised; it's by actually acquiring the skills. That's the way that people get ahead in life.
When we talk about the kind of folks whose lives will be made better by raising the minimum wage, we're not talking about a couple teenagers earning extra spending money to supplement their allowance. We're talking about providers and breadwinners. Working Americans with bills to pay and mouths to feed.
A moderate tax on robots, even a temporary tax that merely slows the adoption of disruptive technology, seems a natural component of a policy to address rising inequality. Revenue could be targeted toward wage insurance, to help people replaced by new technology make the transition to a different career.
How much is an hour of your time worth? It's worth whatever wage you would get if you spent that hour working. If you work for an hourly rate, this is an easy calculation. Even if you work for a salary and a fixed number of hours, the principle is the same: It's whatever your salary works out to per hour.
Research has shown that middle-income wage earners would benefit most from a large reduction in corporate tax rates. The corporate tax is not a rich-man's tax. Corporations don't even pay it. They just pass the tax on in terms of lower wages and benefits, higher consumer prices, and less stockholder value.
I have been a proponent of dramatically expanding the AmeriCorps program. By increasing the pay of participants to a living wage, it can act as a jobs program that, rather than trying to predict what will be technically viable jobs, will value social support and provide jobs that make communities stronger.
Especially for the young and the lowest-skilled, minimum wage becomes a toll that prevents many from entering the work force and gaining the skills that can make a low income or middle class worker a high income worker. This is so obvious that one wonders why liberals keep championing the minimum wage cause.
Firms don't just try to pay as little as possible to get the needed bodies on board; when there is unemployment, they ask themselves how wage cuts would affect the behavior of the employees. Would they quit or feel dissatisfied and work less hard on the firm's behalf if they feel that wage policies are unfair?
When men and women, boys and girls, are denied the right to education, the right to own land, the access to basic services like healthcare and clean water, a fair price for the crops they grow, a fair wage for the work they do, or the right to be part of making decisions that affect them, the result is poverty.
If you and your skills are a complement to the computer, your wage and labor market prospects are likely to be cheery. If your skills do not complement the computer, you may want to address that mismatch. Ever more people are starting to fall on one side of the divide or the other. That's why 'average is over.'
I wanted to earn a living wage and to see something nice about me in the 'New York Times.' I wanted my mother to be proud. I wanted all the things you want and also feel silly for wanting. I wanted readers to say they'd enjoyed something of mine - to see my photo in magazines where I'd seen photos of other writers.