Current Events – 28 September 2017

“Both political parties have moved to the right during the neoliberal period. Today’s New Democrats are pretty much what used to be called ‘moderate Republicans.’ The ‘political revolution’ that Bernie Sanders called for, rightly, would not have greatly surprised Dwight Eisenhower.
The fate of the minimum wage illustrates what has been happening. Through the periods of high and egalitarian growth in the ‘50s and ‘60s, the minimum wage—which sets a floor for other wages—tracked productivity. That ended with the onset of neoliberal doctrine. Since then, the minimum wage has stagnated (in real value). Had it continued as before, it would probably be close to $20 per hour. Today, it is considered a political revolution to raise it to $15.” – Noam Chomsky; in the words of one writer, “Avram Noam Chomsky is an American linguist, philosopher, political activist, author, and lecturer. He is an Institute Professor and professor emeritus of linguistics at the Massachusetts Institute of Technology.”

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