Friday, March 21, 2014

David Simon Advocates Higher Minimum Wage

Speaking to Bill Moyers, David Simon, creator of HBO's "The Wire," said that people working full-time should get a raise in the minimum wage and that they will use their increased income to buy American products. He criticized the ideology that brought about today's income inequality: “We are Reagan’s children, we are Thatcher’s children, we bought this stuff hook, line, and sinker. We’re getting the America we paid for!” Watch:


Michael J. Mand said...

I know I'm rather naive when it comes to macro-economics, but it seems to me that higher wages is a better way to achieve Ronald Reagan's rising tide that will lift all boats than trickle down which has failed miserably.

Why not go one step further? I would like to see wages rise high enough so that it wouldn't be incumbent upon employers to have to offer a benefits package that may become crippling down the road. Why not pay employees enough so that they could purchase their own health insurance? Why not pay employess enough so that they could fund their own retirement accounts without affecting their quality of life appreciably? Employees could then choose, on their own, to reduce their wages in favor of additional pension contributions, should they so desire - just like they can today with flexible spending accounts to offset medical expenses not covered by insurance.

It seems that many employers, backed by their Replublican "mouthpieces", want to increase employee contributions to thier own benefits packages without helping offset the additional out-of-pocket expenses with higher compensation. And they dangle the threat of unemployment and inflation to scare the rest of us into submission.

Jeff Tone said...

Employees clearly won't pay workers more. That's why such measures as universal health care and collective bargaining are so necessary.