ZCommunications » Deregulation Ruined the Economy in 2008, Not High Wages

Deregulation Ruined the Economy in 2008, Not High Wages

By Joanne Knight, May 13, 2014

Our small band of minimum wage activists joined the throng outside of Walmart in Mountain View, California, on Friday May 9 to try to catch the eye or ear of the President. We also wished to show our disapproval of this clear demonstration of the captivity of democracy to corporate forces. Many issues were represented that day: anti-drone, anti- Keystone XL pipeline, OUR Walmart and even anti-Obama. It was vibrant, exciting, and inspiring. A strong sense of solidarity pervaded. But we did not even catch a glimpse of Obama. I am currently involved in a campaign to increase the minimum wage in Mountain View. The campaign has been opposed by unexamined economic thinking and neoconservative political ideology. Right-wing politicians at all levels seem blinkered in their economic views with a willful ignorance of the full complexity of the economic arguments.This view is reflected in the response I received from a Mountain View council member opposed to increasing the minimum wage. He argued that “low skill jobs are not intended for long-term employment with a guaranteed minimum income… Most of those who earn more income get education, job training, improve language proficiency and perhaps take second jobs.” Since the Great Recession, low-wage jobs have grown nearly three times as fast as better paying jobs, according to the National Employment Law Project. The reality is that low income employment is a growing part of the US economy…

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