July 14, 2009

Jeff Jacoby (“Minimum-wage folly,’’ Op-ed, July 8) correctly quoted me as saying that minimum wage increases do not increase unemployment, but he failed to mention the empirical research I’ve summarized on the Let Justice Roll website to back that up.

By Bernd Debusmann
Reuters Columnist, 3/19/09

Washington -- In the first two months of this year, around 2.5 million Americans bought guns, a 26% percent increase over the same period in 2008. It was great news for gun makers and a sign of a dark mood in the country.

Gun sales shot up almost immediately after Barack Obama won the U.S. presidential elections on November 4 and firearm enthusiasts rushed to stores, fearing he would tighten gun controls despite campaign pledges to the contrary.

by Chuck Collins
Yes! Online, February 2009

Senator Judd Gregg’s withdrawal as designee for the post of Secretary of Commerce gives President Obama an opportunity to regain some credibility for his promise to bring change and restore the American middle class. He could name a Commerce Secretary who understands the real economy of Main Street and has a track record in serving the interests of Main Street businesses and workers.

Distributed by Minuteman Media, 12/31/08

The federal minimum wage was not enacted during good times, but during the extraordinarily hard times of the Great Depression. When it was established in 1938, the unemployment rate was still 19 percent.

By Richard Risemberg
Los Angeles Business Journal, 10/27/2008

What really has brought us to the economic state we’re in? Fingers are pointing everywhere – perhaps rightfully so, as blame is everywhere to be encountered. Greed on Wall Street, greed in boardrooms, greed in bankers’ suites, greed behind loan office desks, greed among homeowners, and irrationality all around, as many assumed, with a religious certainty, that growth could and should go on forever, and values rise eternally and infinitely.

Many of us saw this as delusional.

By Michael A. Fletcher and Jon Cohen
Washington Post, 8/3/08

Low-wage workers in the United States are gripped by increasing financial insecurity as they inch along an economic tightrope made riskier by pervasive job losses and rising prices. Many struggle to pay for life's basics -- housing, food and health care -- and most report having virtually no financial cushion should they stumble.

By Bernd Debusmann
Reuters, 7/30/08

WASHINGTON (Reuters) - The minimum wage in the world's richest country has just been raised by almost 12 percent. That followed a 13.6 percent hike last year and looks like major progress for those at the bottom of the economic ladder. At first sight, at least.

Examined more closely, the figures highlight poverty and economic inequality of Third World proportions.

By Michael E. Kanell
The Atlanta Journal-Constitution, 07/24/08

Seven decades after Franklin Roosevelt signed the law creating a minimum wage, each increase still sparks a version of the original debate. This week is no different.

The minimum wage rises Thursday from $5.85 to $6.55 an hour — part of a boost that will lift it to $7.25 an hour next summer — with many business representatives decrying the change while low-wage workers and advocates say it's about time.

And not enough.

By Joanne Morrison - Analysis
Reuters, 7/23/08

WASHINGTON (Reuters) - The national minimum wage is set to increase by 70 cents on Thursday to $6.55 an hour, the second of three increases to take place after the wages earned by the nation's poorest and least educated failed to rise for ten years.

In an economy where the richest 20 percent in the country earned more than half of all income earned, experts say the increase is more than due.

By Holly Sklar
Distributed by McClatchy-Tribune News Service, July 22, 2008

Minimum wage workers have been stuck in a losing game of "Mother May I" with the federal government. Workers step forward when the government says yes to raising the minimum wage. Workers step backward when the cost of living increases, but the minimum wage doesn't.

Until 1968, minimum wage workers took frequent and big enough steps forward to make overall progress. Since 1968, when the minimum wage reached its peak buying power, workers have taken many steps backward for every step forward.

By Billie Stanton, Opinion Editor
Tucson Citizen, 6/18/08

"Well, here's another nice kettle of fish you've pickled me in!"
Oliver Hardy of Laurel and Hardy in "Thicker Than Water" (1935)

Prices are high, wages are low and, as our economy sinks ever deeper, we have no choice.

We've got to dump those tax-and-spend conservatives.
You know the ones.

George W. Bush took office in 2000 with a $559 billion surplus, a parting gift to us from President Clinton, who was just another in a long line of thrifty liberals.

PBS, 6/13/08

Business for Shared Prosperity Director Holly Sklar discusses the state of the American dream and what's needed for progress in the future.

Original show at Bill Moyers Journal on PBS
http://www.pbs.org/moyers/journal/06132008/watch2.html

By Bill Boyne
Post Bulletin (Rochester, MN), 12/28/07

America is still the land of promise -- for billionaires.

A recent news report by Holly Sklar for McClatchy-Tribune News Service told the happy stories of those who live in the top 1 percent of the U.S. income brackets.

It noted that only two years ago, even lowly multi-millionaires could qualify for the Forbes list of the 400 richest Americans. That is no longer the case. As of 2007, only billionaires are on the list -- and there are even 82 billionaires who don't quite make the top 400.

By Robert Kuttner
Boston Globe, 11/21/07

LAST WEEK, superinvestor Warren Buffett, America's second richest man, testified before the Senate Finance Committee on the subject of why people like him can well afford to pay taxes. In fact, Buffett is ceasing to be among the very wealthiest because he is giving most of his fortune away to philanthropies while he is still alive.

By Corinne Ramey
DMI Blog, 10/31/07

What do the US Women's Chamber of Commerce, the CEOs of Costco, Addus Healthcare, and ABC Home, and small business owners across the country have in common? They all supported an increase in the minimum wage. Perhaps Jim Sinegal, Costco's CEO, said it best. "The more people make, the better lives they're going to have and the better consumers they're going to be," Sinegal told the Washington Post. "It's going to provide better jobs and better wages."