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Krugman: GOP's contempt for 'losers'; with great graph of workers' wages from Reagan to Obama
This contempt (for struggling workers) surely isn’t limited to Republican politicians. Still, it’s striking how unable they are to show any empathy for people who are just doing their best to make a modest living. The most famous example, of course, is Mitt Romney, who didn’t just disparage 47 percent of the nation; he urged everyone to borrow money from their parents and start a business.
...most people aren’t and won’t get rich. Raising the minimum wage would mean higher incomes for around 27 million people; in many cases the gains would amount to thousands of dollars a year, which is really a lot in low-income families. So what are all these people, chopped liver? Well, yes, at least in the eyes of the GOP — or maybe make that chopped losers.
OK, I know what the answer will be: conservative policies will lead to economic growth, and that will raise all boats, the way it did in the days of Saint Ronald. Except, you know, it didn’t. Here’s the real wage of nonsupervisory workers:
Even if you give Reagan credit for the 1982-9 business cycle expansion, which you shouldn’t, there’s no way to claim that his policies led to higher wages for ordinary workers.
http://krugman.blogs.nytimes.com/2014/01/13/youre-all-losers/?_r=0
...most people aren’t and won’t get rich. Raising the minimum wage would mean higher incomes for around 27 million people; in many cases the gains would amount to thousands of dollars a year, which is really a lot in low-income families. So what are all these people, chopped liver? Well, yes, at least in the eyes of the GOP — or maybe make that chopped losers.
OK, I know what the answer will be: conservative policies will lead to economic growth, and that will raise all boats, the way it did in the days of Saint Ronald. Except, you know, it didn’t. Here’s the real wage of nonsupervisory workers:
Even if you give Reagan credit for the 1982-9 business cycle expansion, which you shouldn’t, there’s no way to claim that his policies led to higher wages for ordinary workers.
http://krugman.blogs.nytimes.com/2014/01/13/youre-all-losers/?_r=0
