...when the minimum wage is low, and it’s at a 40-year low - TopicsExpress



          

...when the minimum wage is low, and it’s at a 40-year low today, the middle class doesn’t spend, which results in corporations sitting on their cash reserves. Today, corporations are sitting on close to $3 trillion profit, while the middle class continues to shrink. With the Koch brothers alone spending almost three times the combined political spending of the 10 biggest labor unions, the minimum wage worker simply has no political representation, and thus raising the federal minimum wage has little chance of succeeding while the party for the rich controls at least one of the three branches of government.
Posted on: Tue, 11 Mar 2014 14:52:16 +0000

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