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View Diary: Thoughts on the Minimum Wage: Evidence, Opposition, and Historical Context (23 comments)

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  •  Well, that's part of it... (5+ / 0-)

    but the rentier class will always try to rake all the profits and keep us serfs eating rice & beans & very little else.

    There are few if any who now feel that they wish to pay their employees enough to afford to buy the products they produce (and fewer and fewer producers in any case).

    When Reagan first said "service economy" it was as if a dog whistle to me: I heard you will all work at McDonald's.

    And so it is coming to pass.

    Irony takes a worse beating from Republicans than Wile E. Coyote does from Acme. --Tara the Antisocial Social Worker

    by Youffraita on Thu Feb 14, 2013 at 10:59:43 PM PST

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    •  WalMart execs are freaked at Feb sales (2+ / 0-)
      Recommended by:
      aguadito, Calgacus

      according to this article in Business Insider. One WalMart exec wrote in an email that February sales are a "total disaster."

      Not that the geniuses running WalMart understand what the problem is. Rather than looking at how little millions of working Americans get paid, including the two million plus working in WalMart stores, the execs are blaming the expiration of the  payroll-tax break on Dec. 31. "For a person making $40,000 a year, that is about $15 a week." Umm, there's a lot of people making less than that, even.

      And let's note here the stunning news that The top 1% captured 121 percent of income gains since 2009. How is THAT possible? As a Naked Capitalism writer explained, " How did that happen? Incomes to the bottom 99% fell by 0.4%."

      That means income inequality is getting worse faster under Obama, than it did under Dubya.

      A conservative is a scab for the oligarchy.

      by NBBooks on Fri Feb 15, 2013 at 07:44:10 PM PST

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