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How to Create More Jobs By Lowering Wages: Texas and America

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How to Create More Jobs By Lowering Wages: Texas and America

Post by mistermunster on Wed Sep 14, 2011 3:04 pm

http://www.huffingtonpost.com/robert-reich/how-to-create-more-jobs-b_b_961789.html?utm_source=DailyBrief&utm_campaign=091411&utm_medium=email&utm_content=BlogEntry&utm_term=Daily%20Brief

More and more Americans are retaining their jobs by settling for lower wages and benefits, or going without cost-of-living increases. Or they've lost a higher-paying job and have taken one that pays less. Or they've joined the great army of contingent workers, self-employed "consultants," temps, and contract workers -- without healthcare benefits, without pensions, without job security, without decent wages.

It's no great feat to create lots of lousy jobs. A few years ago Michele Bachmann remarked that if the minimum wage were repealed "we could potentially virtually wipe out unemployment completely because we would be able to offer jobs at whatever level."

Besides, how can lower incomes possibly be an answer to America's economic problem? Lower incomes mean less overall demand for goods and services -- which translates into even fewer jobs and even lower wages.

In short, the Perry (and Bachmann) model of job growth condemns Americans to lower and lower living standards. That's nothing to crow about.

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Re: How to Create More Jobs By Lowering Wages: Texas and America

Post by Guest on Wed Sep 14, 2011 3:07 pm

Let's not even get into the poverty level situation. Many who work minimum wage jobs are collecting Food Stamps, getting Medicaid and Family Services for their families through their states. Never a mention of that problem either.Phonies, every single one of them.

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Re: How to Create More Jobs By Lowering Wages: Texas and America

Post by zphtar on Wed Sep 14, 2011 4:06 pm

Why don't they just bring back slavery?

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Re: How to Create More Jobs By Lowering Wages: Texas and America

Post by mistermunster on Wed Sep 14, 2011 4:37 pm

zphtar wrote:Why don't they just bring back slavery?

give them a few more years...they are just about there affraid

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Re: How to Create More Jobs By Lowering Wages: Texas and America

Post by lendmeflight2 on Wed Sep 14, 2011 6:59 pm

I don't understand why people think that a job paying $3 an hour would help them. Of course we could eliminate unemployment if we eliminated the minimum wage but what state would our economy be in?

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Re: How to Create More Jobs By Lowering Wages: Texas and America

Post by jmainframe on Thu Sep 15, 2011 3:07 am

It might eliminate unemployment, but not underemployment. Now, if only they can roll back prices on everything to 1965 levels, they might have something.

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Re: How to Create More Jobs By Lowering Wages: Texas and America

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