Better-targeted policies like the Earned Income Tax Credit (EITC) deserve the support of politicians and public figures who want to do something about poverty. It's been empirically proven to boost employment and incomes, without the unintended consequences of a wage hike.
Walmart CEO Mike Duke makes approximately $11,000 an hour. Think about that -- $11,000 every hour. Think about an hour of your day, the tasks you accomplish, and the compensation you receive from your employer.
If the freedom of individuals -- to exploit, to injure and kill, to encite -- were allowed to trump all other rights, it would be a frightening world indeed. Just read a history book if you don't believe me.
Our economy could be strengthened by an increase in the minimum wage that keeps pace with productivity. To accept the current economic trend as normal is to believe the Gilded Age represents the good old days. Can't we do better?
Gas prices have just gone up for the 33rd day in a row. This would be terrible news for the recovery, but luckily in last week's State of the Union address, President Obama discovered the power to bend time with words, and used it to increase everyone's mileage.
The questions we face -- whether to raise the minimum wage, restrict the availability of guns, expand health care coverage, and countless other decisions -- inevitably require us to define what we mean by a decent society.
There's a myth in this country that enormous wealth doesn't come from anywhere or anyone, that it's self-creating and self-sustaining, thriving on pure oxygen like an epiphyte or a garden fairy. In reality, highly concentrated wealth is caused by actions -- human actions with human consequences.
No one is saying the minimum wage should propel folks into the middle-class, because, clearly, that wasn't its intention. So Obama's proposed bump is significant. But even at $9 per hour, you're still poor. You're just less poor.