(April 28, 2014 at 1:27 pm)Kitanetos Wrote: Even today, definitely in 2016, ten dollars minimum is not a fair enough wage.
Wages haven't seen a fair cost of living increase in a decade.
Quote:The weak wage and compensation growth in the 2000–2007 business cycle, combined with the even weaker growth in the Great Recession and its aftermath, mean that average wage and compensation growth was far outpaced by productivity growth between 2000 and 2012. Furthermore, wage and compensation growth in the first few years of this period was still being buoyed by the momentum of the strong wage and compensation growth of the late 1990s. Figure A shows year-by-year productivity growth along with compensation growth as measured by the ECI and the ECEC since 2000. It shows that there has been no sustained growth in average compensation since 2004. The stagnation began even earlier, in 2003, when considering wages alone. Since 2003, wages as measured by both the ECI and the ECEC (not shown) have not grown at all—a lost decade for wages.
http://www.epi.org/publication/a-decade-...dle-class/
Even if the open windows of science at first make us shiver after the cozy indoor warmth of traditional humanizing myths, in the end the fresh air brings vigor, and the great spaces have a splendor of their own - Bertrand Russell
