Monday, August 14, 2017


GOT THIS SPAM FROM NANCY PELOSI -- which I re-spammed to her SF district (pols and papers)

As we first introduce A Better Deal to the American people – with more to come – we are setting out three ambitious new economic initiatives:
 *  Good-paying, full-time jobs for 10 million more Americans in the next five years.
 *  Aggressive action to lower the cost of prescription drugs.
 *  Cracking down on the monopolies and mergers driving up Americans’ cost of living.

-- 70 million of our 150 million workforce are earning less than $15/hr -- teenager's wages.  the same 45% lost 33% of its income share over two generations.  Wanna try again, Nancy -- to start a middle class stampede towards Democratic Party doors?
-- Laws on the books could already stop Gilead from demanding $300 billion to wipe out Hepatitis C in America (Sovaldi)  -- which no one raises a finger to enforce (Obama doesn't care).
-- The latter is the real deal if you believe an excellent article by David Dayen ...

What Do Democrats Stand For? The Party Finally Has the Right Answer By David Dayen, July 24, 2017

... which article predictably puts the exploited cart before the de-unionized horse -- predictably from our academic liberals who never seem to get whether the chicken or the egg came first.

I never understand why not.
 * * * * * *

I believe it's mostly a matter of making jobs that already exist pay more -- to squeeze the max the consumer market is willing to pay the labor market, assuming labor is able to withhold its input to milk the best deal; pure free market stuff, nobody should be able to disagree with that.

IOW rebuild American labor union density.

To be brief, if McDonald's with 33% labor costs can pay $15/hr, then Target which has 10-15% labor costs could conceivably pay $20/hr and Walmart with 7% labor costs possibly even $25/hr.

Uber is an almost unique example of Americans willing to work for less putting foreign born employees out of work (just to make concrete the concept).  Fast food in Chicago (anywhere I go) is usually staffed strictly by (struggling) Mexicans and Indians.  Buoy up labor's price in jobs only immigrants will do now (too low pay) and American born will go to the head of the hiring line.  Finally better paid immigrants will be much happier too (don't worry; economy expands as workers added).

What we need is a renewed cultural understanding/belief that collective bargaining (and its concomitant political muscle) is a core civil right and that we are decades behind protecting that civil right with felony union busting prohibitions (just like we prohibit KKKlan muscling) -- first, state by progressive state, and then nationally as the reality of today's labor market dead zone catches on.
 * * * * * *

Just saying.  :-)

No comments: