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- Jobs, Liberty and the Bottom Line
- Time on the Ledger: Social Accounting for the “Goo...
- Intermediate Goods and Duplication
- The Long Term Problem of Full Employment
- The Source and Remedy of the National Difficulties...
- Grundrisse: "Capital (like property) rests on prod...
- Economic and Philosophical Manuscripts of 1844: "W...
- McCulloch on Combination Laws
- Submission to the White House Task Force on Middle...
- Thinking Along the Right Lines
- The Problem with "The Problem of Social Cost"
- State and Prospects of Manufactures
That's called a win-win, right?
ReplyDeleteWin-win? Not likely. More likely heads I win, tails you lose. Or, as Wimpy might have said, "I will gladly pay you tomorrow for the work you do today."
ReplyDeleteLet's see. In 2010 the median individual income was about $26,000. That means that 50% of people with income that can be counted had income that barely counted.
NY State is trying to pass an $8.50/hour minimum wage bill. The current minimum is $7.25/hour. What will a full time, 35 hours per week, worker do with all that new found largesse? Multiply it out and you'll realize that full time work can pay as little as $15,500 annually. Rent in NYC is more than that for most people.
Win-win? I think not.