Wage Disparity Quotes
There were almost no Blacks who agreed with him on this point. Nor do the vast majority of economists today. But Friedman believed that if there were no minimum wage scale, more lower wage workers would find jobs and learn skills to justify a higher wage later in their careers. To some extent, this used to be so for those occupations which require experience and/or apprenticeship. However, by the 21st century, people in minimum wage jobs can, from their jobs, rarely learn enough to economically justify a higher wage position. A minimum wage job became a dead end job for all but students and people in between other endeavors. Therefore the advocates of minimum wage argue that there should be a living wage so that as President Obama said, “No one should work full time, and not make enough to emerge from poverty.”
The Arab countries (with the exception of Jordan) did not allow the Palestinian refugees to work or to establish their own factories or to accept economic development. Any semblance of independence would, the Arab leaders thought, remove pressure to have the refugees returned to Israel. In contrast, hundreds of thousands of Jews were forcibly expelled from the Arab countries and all those refugees who went to Israel were given citizenship and absorbed into the economy and culture.
This statement during the First World War so frightened the Woodrow Wilson administration that they jailed Debs for saying it and other similar statements like {640245}. The statement was generally suppressed with few newspapers carrying it. The problem for the administration was that enlistments might decrease and force them to draft the wealthy and their sons which was, with very few exceptions, not acceptable to the “upper classes”.
This is not a common quotation from Thoreau. The great man for whom the establishment had so much respect had a very anti-capitalist streak. His view is that the employer will generally never pay his laborers a fair wage. Instead he will pay the laborer the lowest rate for which he can obtain the laborers services. If the laborer generates added value for his wage, the employer is in a zero sum game with the laborer. If part of the added value—the profit is paid to the laborer, the employer does not have it for himself (or his stockholders). In most cases, the laborer is forced to work for his and his family’s subsistence. This theory argues that they only way the laborer will get a fair wage is if there is a labor shortage (assuming no government laws or union pressure is in the picture. Many capitalists argue that a “fair” wage is what a free man is willing to work for and a free employer is willing to pay. So economics is like politics in general with respect to fairness—there is no universally accepted definition of what is fair.
