"If the minimum wage had kept pace with the rise in executive salaries since 1990, America's poorest paid workers would today be making more than $23 an hour."
I'm not suggesting the minimum wage should be $23 an hour. If that were the case we'd never export anything and we'd be covered up with ridiculously cheap imports....which would mean maybe 2 guys would be making $23 an hour and the rest of us would be unemployed. What I am suggesting is that executives make too much.
How do you maximize profits? It's easy. Make people work twice as hard for less pay. Look around you....that's how business works today. They cut staffing, increasing everyone else's workload, yet raises (if there are any) barely cover inflation. Raises for everyone, that is, except the executives. I don't see this as a liberal / conservative / socialist / capitalist issue. To me it's just a matter of fairness. Does "fairness" take sides?
Pendulums swing both ways, you know.
S
