Minimum Wage

Ralph Nader believes it is time to put U.S. global corporations on the DEFENSIVE! He declares that would be “the first step for the resurgence of the people so that corporations become our servants and do not remain our masters.”

In “Patriotic Yardsticks for Unpatriotic Giant Corporations” he calls out US Global Corporations for BETRAYING America -- betraying the American citizen taxpayers that have enabled them to become so incredibly successful. Nader spells it out: Read below the fold...

Marshall Auerback recently posted in support of raising the minimum wage, joining Jamie Galbraith in advocating for it. This caused some disagreement among bloggers sympathetic to Modern Monetary Theory (MMT). Read below the fold...

(Another golden oldie, this time from the mid '00s, published just after the '06 midterm elections which, as any Democrat would've told you, was a really really super-duper important election -- in fact, The Most Important Election Since The Last Mass Extinction Event. Read below the fold...

Nobel prize winner Joe Stieglitz recently called for a second stimulus to reduce unemployment and get the economy working well again. But the Administration seems uninterested in pushing the idea or making it an issue in the election, because it has been unsuccessful in setting the necessary frame for persuading the public that its first inadequate stimulus was only a political compromise that has done some good, but left much more yet to do. Yet we badly need that second stimulus, and if the Democrats could get their act together, get people back to work this month, and were willing to get rid of the filibuster in the Senate, we could have it quickly, and they probably could even avoid catastrophic losses in November. Read below the fold...

Given the problems the United States has been having and the unnecessary, misplaced, and wrong-headed, but very real angst of people about becoming insolvent if we continue to increase the size of the deficit, I find myself wondering why we have not turned to another time-tested and very effective New Deal solution to the problem of growing employment. That solution is the Fair Labor Standards Act. Read below the fold...