When taxpayers are subsidizing low wages, people should be aware of that. We're subsidizing an economy. We're not subsidizing people. They are doing a hard day's work. When we're not rewarding work actively, there's something wrong with the system.
Giving Northern Europe a veto over Southern Europe's budgets will not hold a monetary union together. The euro zone will continue to need the weaker countries to stomach decades of high unemployment to grind down wages.
Research has shown that middle-income wage earners would benefit most from a large reduction in corporate tax rates. The corporate tax is not a rich-man's tax. Corporations don't even pay it. They just pass the tax on in terms of lower wages and benefits, higher consumer prices, and less stockholder value.
Social-enterprise employees earn wages and pay taxes, reducing their recidivism rates and dependence on government assistance. They also receive crucial on-the-job training, job-readiness skills, literacy instruction and, if necessary, the counseling and mental-health services they need to move into the mainstream workforce.
We're told compassion comes not from generosity but from compliance. We're told kindness means raiding a man's hard-earned wages and sending them off to Washington so they - not you - may dole them out in courtesies and indulgences.
Wages, investments, and home values are the three legs of the economic stool for most Americans.
Mick Jagger's fans bought records with their allowances. Sinatra's people bought them out of wages.
I would like to believe that TPP will lead to more exports and jobs for the American people. But history shows that big trade agreements - from NAFTA to the Korea Free Trade Agreement - have resulted in fewer American jobs, lower wages, and a bigger trade deficit.
Free migration within Europe means that countries that have done a better job at reducing unemployment will predictably end up with more than their fair share of refugees. Workers in these countries bear the cost in depressed wages and higher unemployment, while employers benefit from cheaper labor.
I'm more concerned about maximum wages, not minimum wages.
Would you rather have cheap, subsidized - illegally subsidized - goods dumped into the Wal-Mart and not have a job and not have your wages go up in 15 years, or would you like to pay a little bit more - not much - a little bit more, have a job, and have your wages going up? I think the American people are going to make that choice.
