Ayn Rand Shrugged

The pervasive “me first” selfishness of American businessmen and corporate mentality is the legacy of strong leadership valued over justice or democracy. How far down must we fall before we rise up?

From the New York Times, Aug. 2:

While July represented the 34th straight month of job creation, the relatively strong employment gains were still not on track to absorb the backlog of unemployed workers anytime soon. At the recent pace of job growth, it would take about seven years to close the so-called jobs gap left by the recession, according to the Hamilton Project at the Brookings Institution.

From Bernie Sanders’ newsletter, July 26:

In the midst of all the discussion about welfare reform, it turns out that the major welfare beneficiary in our country is the Walton family of Wal-Mart fame. The wealthiest family in America is worth more than $100 billion. One way they got so rich is by paying workers so little that tens of thousands of Wal-Mart employees use food stamps to feed their families and Medicaid to pay doctor bills. So with the number of Americans living in poverty in America near a 60-year high, with the gap between the rich and the rest of us growing wider and with youth unemployment in America at staggering levels, one proposal Bernie backs is raising the minimum wage to $10.10 an hour. It’s been stuck at $7.25 an hour since 2009. In addition to helping workers, a catch-up raise would have a side benefit. There would be “real savings for taxpayers who would not have to subsidize Wal-Mart because of its low wages,” Bernie told Chris Hayes on MSNBC. Some Republicans don’t just want to keep the minimum wage from going up. In a blunt exchange at a Senate hearing, Sen. Lamar Alexander told Bernie the minimum wage, on the books since the 1930s, should be abolished.

Minimum wages nationwide.

Minimum wages nationwide. (Photo credit: Wikipedia)

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