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Posts Tagged ‘Labor’

How Important is the Labor Movement to You?

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What President Lincoln Said About Capital and Labor

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Here’s a stat that might blow your mind; if the 1960 federal minimum wage had kept up with US productivity increases, then the federal minimum wage would today be $22 an hour. Along with the decline of a lot of other people’s wages, the difference between today’s federal minimum wage of $7.25 per hour and the $22 per hour it should be, has been corruptly and legislatively directed into the pockets of the 1 percent by the corrupt politicians of the federal government simply refusing to jack up the minimum wage to where it should be. $14.25 is the difference between what should be and what is, and that difference has pushed the Dow Jones and other financial markets to record levels, along with corporate earnings, dividends and stock prices. Meanwhile, our schools and public infrastructure are made to starve for funds more and more, in part, because more and more wages are being redistributed from the 99 to the 1 percent, which are taxed at local and state levels, while the rich pay less and less of those taxes, and less and less federal taxes. So by keeping the federal minimum wage artificially low, the 99 percent are being robbed of wages, as well as reduced local and state tax bases, all of which create demand, which creates jobs.

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Actually, everybody among the 99 percent are helped by raising the minimum wage, because raising it increases the demand for goods and services. This creates jobs, which is why the US economy is made stronger by raising it. There is one more reason why we all benefit by raising the minimum wage.

An increased minimum wage leaves the 1 percent with less money of our money, making it less likely they can buy more legislation to redistribute more income from us to them, cause that’s what they do with the money they steal from us.

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“Something is happening. It’s beginning to look as if the fight for a livable minimum wage might – just might – alter our political future.

Makes sense, when you think about it. The minimum wage struggle is occurring at the intersection of powerful forces. It’s taking place at a time of growing economic inequality, the erosion of working people’s rights and the globalization of an economic oligarchy whose scope of power is unprecedented in modern times.

And now it appears to be applying an old maxim from the early days of the environmental movement: Think globally, act locally.”

The 1 percent might be able to dictate governmental policy, for the most part, but they can’t stop the voters from voting, although they continue to try with voter suppression laws, and the voters like the idea of raising the minimum wage around the nation.

Check out the story below at Billmoyers.com.

“Thinking Globally, Acting Locally” In the Minimum Wage Fight | Activism, What Matters Today | BillMoyers.com.

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Actually, what Warren asks is, If the minimum wage had been allowed to grow at the same rate as productivity growth since 1960, it would be $22 an hour today. So who got all the money?

The answer is simple. The 1 percent redistributed all the money to themselves using federal legislation, while orchestrating a propaganda campaign via the corporate propaganda machine known as the news media, to ensure public opinion has been for the things that redistribute income from the 99 to the 1 percent, such as trickle down economics, freely shipping jobs overseas treaties, and tax cuts for the rich. Of course, it helps that legislators such as Wall Street Senator Ron Wyden are so easily bought off.

So today, rather than a robust economy with strong demand because people are earning more money, we have an incredibly bad economy because demand is weak. We also have a massively corrupt federal government, along with state and local politicians that are also corrupted by big money, such as Wisconsin Governor Scott Walker. That’s what all the income redistributed from the 99 to the 1 percent over the last 33 years has purchased.

In 1979, the 1 percent received about 7-8 percent of all the income earned in the United States. Nowadays, they’re stealing over 30 percent, which leaves less money for the 99 percent to demand goods and services. And the economy is getting weaker because this thief from the 1 percent continues. They’ve stolen 95 percent of all the income growth in the US since 2009. And all that money they’re stealing goes toward purchasing more government corruption, more Wall Street scams, more income being redistributed from the 99 to the 1 percent, and more propaganda from the misnamed corporate news media to make us stupid and ignornant. Thank you, Senator Wyden, Wall Street’s useful idiot.

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