Wednesday, July 10, 2013

The Koch plan for prosperity

Charles Koch studies the problem of poor Americans. He's figured out what's keeping the poor folk down and has come up with what he thinks is a brilliant solution. Eliminating the minimum wage.

But how to convince the working poor that this odious requirement they be paid at least $7.25 a hour is a bad thing? That the real problem is a "culture of dependency" on government mandated fair wages because, as the Buddhists say -- money is suffering? Well, he launched a $200,000 ad campaign for that. Thus says the man with a personal worth of $43 billion:
The Kansas ad does not specifically mention the minimum wage, but it does claim that Americans earning $34,000 a year should count themselves as lucky, because that puts them in the top 1 percent of the world. “That is the power of economic freedom,” the ad concluded.
Said world including billions of people who work for pennies a day in countries where there is no minimum wage.

I imagine the next ad will explain why a living wage is holding our economic growth down because giving the working class more money to spend is never going to increase buyer demand in a consumer based economy.

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