Economy
See other Economy Articles
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: 20605
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.
Post Comment Private Reply Ignore Thread
Top • Page Up • Full Thread • Page Down • Bottom/Latest
Begin Trace Mode for Comment # 32.
#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 has continued to talk to herself starting here. Is it multiple personality disorders, or just the lack of getting laid??? Inquiring minds want to know.
Or maybe it's two personalities each inhabiting a separate body - now that's a thought. ...just the lack of getting laid??? Projecting again?
I have a beautiful, smart and ambitious wife... And three really smart and beautiful daughters (15, 9, and 3). We're trying for child #4. I wish I got laid every night. I have to settle for 3 to 4 times a week. Again, you have no idea about who I am or what I do. I'm on this board between meetings and phone calls because I need some conflict in my life and I don't want conflict in my business or family. This is therapy for me. I was in Detroit last week on vacation. I was in Houston Monday and Tuesday on business. I even posted on this board from my "Windows Phone 7" at the Fox Skybox at gate E16 in the Bush airport yesterday before I got on my flight to Seattle. I don't always agree with Capitalist Eric, but I learn things from him. Learning is valuable to me. I wish that learning were valuable to you. Unfortunately, it's not. Shame on you. I loved fighting with go65, because at least he attempted to post something that was coherent. I sometimes learned from g065. I've learned nothing from you. You, your alter ego (min- intellect), and Gooberdork are a complete waste of time.
I wish I got laid every night. I have to settle for 3 to 4 times a week. Again, you have no idea about who I am or what I do. Yada yada yada. You internet warriors are a dime a dozen. I can see with your lack of discretion, why you had to go the mail order bride route though.
#34. To: mininggold, jwpegler (#32)
Surely you understand statistical process control (SPC) methodologies, yes? While the sample population may include 10 million individuals, when you take a "sample" of only one or two hundred, and they are all rejects, then the logical conclusion is that the vast majority will be, and that further sampling of the population would be a waste of time. Many REAL men reject the stereotypical "Western" woman- materialistic, stupid and brainwashed by feminazi propaganda. A man talks to his friends, sees the looks on their faces, as they describe how they married some American woman- and are now nagged by some fat bitch bimbo, with the "what have you done for me lately?" attitude, and a demand that you must "love me for how I am..." Yeah, all 250#! Get real. You post such bullshit comments, because you're annoyed that any man would dare to call you out for being unacceptable. What makes it so amusing, is that you fancy yourself as being above that, but your comments clearly indicate otherwise. Your attacks of jwpegler have nothing to do with him: they've everything to do with you.
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)
#25. To: Capitalist Eric (#16)
#26. To: jwpegler, Capitalist Eric, mininggold (#25)
Is it multiple personality disorders...
#27. To: lucysmom (#26)
(Edited)
Projecting again?
#32. To: jwpegler (#27)
(Edited)
have a beautiful, smart and ambitious wife... And three really smart and beautiful daughters (15, 9, and 3). We're trying for child #4.
Replies to Comment # 32. I can see with your lack of discretion, why you had to go the mail order bride route though.
End Trace Mode for Comment # 32.
[Home] [Headlines] [Latest Articles] [Latest Comments] [Post] [Mail] [Sign-in] [Setup] [Help] [Register]