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PETRUS

(3,678 posts) Mon Jul 22, 2013, 07:45 PM Jul 2013

Ugh... (as if we didn't know)

From: Low-wage Workers: Smarter, Older and Underpaid.

http://www.cepr.net/index.php/blogs/cepr-blog/low-wage-workers-smarter-older-and-underpaid

2 replies

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Ugh... (as if we didn't know) (Original Post) PETRUS Jul 2013 OP

Since minimum wage is the new normal Warpy Jul 2013 #1

the education distribution is the most disturbing tk2kewl Jul 2013 #2

Warpy

(111,222 posts)

1. Since minimum wage is the new normal

Reply to PETRUS (Original post)

Mon Jul 22, 2013, 08:01 PM

Jul 2013

it needs to be raised to a living level. Yes, that will likely create a new round of inflation and the 1% will not like it. However, it's the one thing that will rescue this country.

The minimum wage was a "thrifty" living wage for a family of four with one breadwinner until the 1970s, when it was allowed to lag far behind the inflation rate. It was allowed to lag into starvation territory for a single worker.

Enough.

tk2kewl

(18,133 posts)

2. the education distribution is the most disturbing

Reply to PETRUS (Original post)

Tue Jul 23, 2013, 10:22 AM

Jul 2013

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