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“Both political parties have moved to the right during the neoliberal period. Today’s New Democrats are pretty much what used to be called “moderate Republicans.” The “political revolution” that Bernie Sanders called for, rightly, would not have greatly surprised Dwight Eisenhower.The fate of the minimum wage illustrates what has been happening. Through the periods of high and egalitarian growth in the ‘50s and ‘60s, the minimum wage—which sets a floor for other wages—tracked productivity. That ended with the onset of neoliberal doctrine. Since then, the minimum wage has stagnated (in real value). Had it continued as before, it would probably be close to $20 per hour. Today, it is considered a political revolution to raise it to $15.”
Noam Chomsky
“Unfortunately, the real minimum wage is always zero, regardless of the laws, and that is the wage that many workers receive in the wake of the creation or escalation of a government-mandated minimum wage, because they lose their jobs or fail to find jobs when they enter the labor force. Making it illegal to pay less than a given amount does not make a worker’s productivity worth that amount—and, if it is not, that worker is unlikely to be employed.”
Thomas Sowell, Basic Economics: A Citizen's Guide to the Economy“When you think of the amount of turnover and profit made by most companies in this country - and especially the big chains, it's a shame that they pay their employees minimum wage and no more than that. What that really says is: 'We're paying you minimum wage, because we're not allowed to pay you any less.”
Christina Engela“The Republicans believe in the minimum wage -- the more the minimum, the better.”
Harry Truman“Our hopes of avoiding the fate which threatens must...[be to make]adjustments that will be needed if we are to recover and surpass our former standards...and only if every one of us is ready to individually obey the necessities of readjustment shall we be able to get through a difficult period as free men who can choose their own way of life. Let a uniform minimum be secured to everybody by all means”
but let us admit at the same time that with this assurance of a basic minimum all claims for a privileged security for particular classes must lapse....“A minimum put to good use is enough for anything.”
Jules Verne, Around the World in Eighty Days“No family gets rich from earning the minimum wage. In fact, the current minimum wage does not even lift a family out of poverty.”
Jon Corzine“He possesses the minimum sensibility necessary for his intelligence not to be merely mathematical, the minimum a human being needs so that it can be proven with a thermometer that he's not dead.”
Álvaro de Campos“Today a minimum wage earner has to work a day and a half just to pay for a full tank of gas. That is simply shameful.”
Bill Pascrell“I have learned its the most difficult thing to become financially free from earning the minimum wage. So even if employees increase the minimum wage its the same thing. But once employees improve on their skills and personal value their wages go up and then financial freedom is posible.”
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