Tom, a question -
From another of your current posts -
When Robert Reich proposed indexing the minimum wage to inflation, he should have been beaten into insensibility by his fellow economists.
Pretty strong words indeed ..
Now, being geographically distant from you, I haven't even heard of Robert Reich, and I don't know much about US economics - or economics generally, for that matter. So, normally I wouldn't get involved in a thread on the US economy. However, I have heard about the very low US minimum wage, and the financial struggles of a sizeable minority of the populace.
I wondered what you meant by your remark, and found this as a possible example of your views. Does that article reflect your position? Is it (for you) also something to do with a small-government-is-better ideology?
Once again - I don't know much about the US economy. In some ways it certainly sounds more ruthless than other Western economies. If I read the facts right, the proposal was to increase the minimum wage up to some five dollars per hour. That just seems incredible to me, from where I am. UP to five dollars an hour ..?
Sorry if I'm being presumptuous (particularly since I'm ignorant of the details), but I put the basic economic rights of citizens (ie. not to be ripped off for their work done) on the same level as their social and political rights. To me, that should be non-negotiable.
Daniel
