Loading ...In my view after Trump was elected, is sounded like via media they have been in panic mode to “spin” the stocks bonds and real estate economy. Because ultimately, all big businesses and governments need and profit from the people. They, dreamers, think its the other way around.
The dreamers must think higher stocks bonds and real estate prices, combined with sales and service and “check engine lights” will bring prosperity to the lower entry level tax payers and consumers.
Obama even said it, “America needs a raise”. The lower entry level is the most important if their where with all does not climb in unison with expenses they become a burden, and bring on more socialism. This is all simple arithmetic, not trigonometry.
The central planners from the 1930s were lot smarter than the third generation idiots we have running things these days. I read they created the Minimum Wage and Maximum Wage Act of 1937 to end the depression of the ’30s. Re Below parts of: Unfortunately our system went Global.
Part:
And so to protect the fundamental interests of free labor and a free people we propose that only goods which have been produced under conditions which meet the minimum standards of free labor shall be admitted to interstate commerce. Goods produced under conditions which do not meet rudimentary standards of decency should be regarded as contraband and ought not to be allowed to pollute the channels of interstate trade.
Source: Franklin D. Roosevelt, “Message to Congress on Establishing Minimum Wages and Maximum Hours.”
The time has arrived for us to take further action to extend the frontiers of social progress. Such further action initiated by the legislative branch of the government, administered by the executive, and sustained by the judicial, is within the common sense framework and purpose of our Constitution and receives beyond doubt the approval of our electorate.
The overwhelming majority of our population earns its daily bread either in agriculture or in industry. One-third of our population, the overwhelming majority of which is in agriculture or industry, is ill-nourished, ill-clad and ill-housed.
The overwhelming majority of this Nation has little patience with that small minority which vociferates today that prosperity has returned, that wages are good, that crop prices are high and that government should take a holiday.
The truth of the matter, of course, is that the exponents of the theory of private initiative as the cure for deep-seated national ills want in most cases to improve the lot of mankind. But, well intentioned as they may be, they fail for four evident reasons – first, they see the problem from the point of view of their own business; second, they see the problem from the point of view of their own locality or region; third, they cannot act unanimously because they have no machinery for agreeing among themselves; and, finally, they have no power to bind the inevitable minority of chiselers within their own ranks.
Today, you and I are pledged to take further steps to reduce the lag in the purchasing power of industrial workers and to strengthen and stabilize the markets for the farmers’ products. The two go hand in hand. Each depends for its effectiveness upon the other. Both working simultaneously will open new outlets for productive capital. Our Nation so richly endowed with natural resources and with a capable and industrious population should be able to devise ways and means of insuring to all our able-bodied working men and women a fair day’s pay for a fair day’s work. A self-supporting and self-respecting democracy can plead no justification for the existence of child labor, no economic reason for chiseling workers’ wages or stretching workers’ hours.
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