Career Calling

March 1, 2014

Robert Reich on Job Creation

The former Secretary of Labor takes on those who claim that a raise in the minimum wage would be a “job killer.”  Instead, Reich, a trained economist, points out a simple fact:  economies grow when people spend.  People living on $7.25 an hour can only cover essentials, and often can only do so with the help of safety net programs, which are being cut.  Reich points out that Walmart could have raised the wages of its $9 an hour employees to $15 by using the money spent buying back stock on salary.

If we want more jobs and higher wages, we need more spending (and less billionaire greed).  Raising the minimum wage (and extending unemployment benefits) would give working class people discretionary income.  As they spend more, companies will need more workers to make and sell things.  Reich is outlining common sense.  Opponents of the minimum wage have no good data to support their claims, so they rely on fear-based rhetoric like “job killer.”  They used the same language to demonize the Affordable Care Act.  I’m with Reich and President Obama:  “America needs a raise.”

Three cheers to Common Dreams for giving thinkers like Reich a platform that is not found in the corporate media (which includes PBS).

Advertisements

Leave a Comment »

No comments yet.

RSS feed for comments on this post. TrackBack URI

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: