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View Diary: Charles M. Blow:"Minimum Wage, Maximum Outrage" (19 comments)

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  •  The wave is on the horizon (14+ / 0-)

    Food prices are skyrocketing ( and we know Government doesn't factor in energy and food for inflation) so while true costs of living rise - politicians can sit behind their thin veil of "inflation is under control" and not factor that into COLA.  The true working poor will be hit hardest.  Minimum wage must be at least tied to the rate of real inflation.

    The care of human life and happiness, and not their destruction, is the first and only legitimate object of good government. - Thomas Jefferson

    by ctexrep on Thu Apr 17, 2014 at 03:49:08 AM PDT

    •  Inflation is a Rise in Income of the People (3+ / 0-)
      Recommended by:
      a2nite, Cassandra Waites, ctexrep

      Rising food prices doesn't count as inflation because it's a commodity whose price doesn't indicate a scary living standard improvement for the occupants.

      It is Wall Street betting on other Wall Streeters betting on food prices as a commodity.

      You bet on commodities because the real economy has no good growth potential any more, because the people which account for 70% of GDP have spent out their surplus assets as their future prospects are declining.

      This is basically what happened in the late 1920's due among other things to wages having stagnated as stocks soared, and the mid 2000's for many of the same factors.

      I don't have the learning to know if this portends another crash (some are saying it does), but it does indicate that the economy of our modern mythology including all the way back to the Framers' fanciful imaginations came to an end many years ago.

      We are called to speak for the weak, for the voiceless, for victims of our nation and for those it calls enemy.... --ML King "Beyond Vietnam"

      by Gooserock on Thu Apr 17, 2014 at 05:43:58 AM PDT

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      •  My point wth Inflation is (3+ / 0-)

        that because energy and food are not factored in (BTW -who needs food and energy?)  it is used as a reason not to raise wages.  The Government and employers will say - that you don't need a raise  of more than 1.2% because that's where inflation is.....meanwhile - food and energy prices skyrocket - since Jan 1, 2014 - Beef is up 7% - Pork - 21% and eggs 5%.  Harsh winter in the Midwest and East coupled with drought in the West will have produce prices up - and its only the middle of April.  People who heat their homes with propane and heating oil just experienced huge pikes in costs due to "shortages".
        None of this is in the factor yet all of us - poor - middle income and wealthy pay these costs - but it is those at the low end of the income scale that are hit the hardest.

        The care of human life and happiness, and not their destruction, is the first and only legitimate object of good government. - Thomas Jefferson

        by ctexrep on Thu Apr 17, 2014 at 06:13:39 AM PDT

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        •  I hear you about the propane! (0+ / 0-)

          I had to pay $4.88 a gallon for it this winter! I was appalled!



          Women create the entire labor force.
          ---------------------------------------------
          Sympathy is the strongest instinct in human nature. - Charles Darwin

          by splashy on Fri Apr 18, 2014 at 10:58:52 AM PDT

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