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Title: Doug Smith: The Maximum Wage
Source:
Naked Capitalism
URL Source: http://www.nakedcapitalism.com/2011 ... ug-smith-the-maximum-wage.html
Published: Jul 12, 2011
Author: Doug Smith
Post Date: 2011-07-12 10:54:37 by lucysmom
Keywords: None
Views: 19957
Comments: 35
We face severe and growing income inequality with negative effects on people and the economy. Yet, no surprise, the ‘can’t do’ right wing continues a scorched earth campaign against the minimum wage. These self-promoting haters actually prefer no wages and indentured servitude – for example using prisoners to replace employees and cheerfully promoting ‘internships’ for the unemployed. They glory in income inequality and wish it to expand instead of contract. Enough of that. They are destroyers of the American Dream. But people who seek to shrink income inequality — to insure life, liberty and the pursuit of happiness for all and not just some — must now focus as much on the maximum wage as the minimum wage. snip For those, however, receiving bailouts, deposit insurance, government guarantees, tax breaks, tax credits, other forms of public financing, government contracts of any sort – and so on – the top paid person cannot receive more than twenty-five times the bottom paid person. This ratio, by the way, is what business visionary Peter Drucker recommended as most effective for organization performance as well as society. It also echoes Jim Collins who, in his book Good To Great, found that the most effective top leaders are paid more modestly than unsuccessful ones. And, critically, it is a ratio that is in line with various European and other nations that have dramatically lower income inequality than the United States.
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Begin Trace Mode for Comment # 18.
#6. To: lucysmom (#0)
They only made it to the second sentence, before falling flat on their faces. This article goes back to the D vs. R false dichotomy, which can only result in nonsensical conclusions. Thus, there is only logical conclusion to your posting of this article:
Eric think he need post irrelevant pictures to his god(s)in lieu of actual blood sacrifice. The problem is... when will he know when god is appeased?
Keep bleating loonymom... Oh, I forgot, you're now whining-old. When do you switch to another screen-name, so you can continue to have a "conversation?" Whether this hour you're loonymom, whining-old or some OTHER screen-name (gobsheit, perhaps?), it's ALL the same stuff you post: "Socialism GOOD, freedom-lovers BAAAAAAAAAAAAAAAAAD."
She's actually talking to herself on another thread. It's hilarious.
#19. To: jwpegler (#18)
If you are going to strive to be a school teacher you need to be able to discern differences otherwise the students will have you for dinner. They would already be mocking your ignorant statement, and planning on baiting another trap.
Top • Page Up • Full Thread • Page Down • Bottom/LatestYet, no surprise, the ‘can’t do’ right wing continues a scorched earth campaign against the minimum wage.
#9. To: Capitalist Eric (#6)
Thus, there is only logical conclusion to your posting of this article:
#16. To: mininggold, jwpegler, lucysmom, Badeye, A K A Stone, Hondo68 (#9)
#18. To: Capitalist Eric (#16)
When do you switch to another screen-name, so you can continue to have a "conversation?"
Replies to Comment # 18. She's actually talking to herself on another thread. It's hilarious.
End Trace Mode for Comment # 18.
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