Recent findings from Statistics Canada indicate that minimum wage in 2013 dollars has risen over the last three decades by the face value of a now defunct copper coin. So, this means we can stop researching and debating the minimum wage and put it up to fourteen or fifteen bucks per hour immediately, right?
Capitalism has generated plenty of complaints over the last decade or so. Being written off in an Organization for Economic Cooperation and Development paper takes us to another level completely, somewhere beyond a mere culture of resentment to something baleful indeed. The OECD has been a major component of the global ecosystem of bodies that measure and direct economic life on the planet. Their predictions for the global economy through to 2060 generated quite a bit of coverage on blogs and in the mainstream media this week. We appreciated a piece from the Guardian in particular.
The best of capitalism is over for rich countries – and for the poor ones it will be over by 2060. Populations with access to technology and a sense of their human rights will not accept inequality
image: the iceberg thought to have sunk RMS Titanic via Wikimedia Commons
MintPress News and socialworkdegreecenter.com provide a value-rich infographic on the effect of poverty on the brain for poverty awareness month. Poverty is tough on brains: we needn’t be a genius to figure that one out!
image Family Dining (early 17th century) via Wikimedia Commons
Glass is more full than empty 3-page .pdf file
Certainly one of the stupendous artefacts of this era, the super yacht, here serves as metaphor in the title of this alarming piece from The Nation. Eight rich Americans have more than the 3.6 million of their fellow citizens in minimum wage work.
In today’s America, a rising tide lifts all yachts. A super-wealthy few have successfully defeated all of their rivals—unions, the media, honest politicians, environmentalists—and now are free to do as they wish
39% of unemployed have given up job search, poll suggests
cbc.ca – video 2:33, audio 2:12
A panel discussion from TVO of where Canada’s middle class is at. Looks like wage stagnation and the death of the middle class is a little overstated but there’s genuine concern about where things are going.
Before the video accompanying this piece on suburban poverty in California’s Inland Empire plays we got to watch a commercial for a Mercedes-Benz SUV. A very brief inclination to irony was replaced fairly quickly at hearing the phrase, “Blueberries? Wow, what a blessing.”
Hardship makes a new home in the suburbs
Canada’s 665,000 Missing Jobs StatsCan data in huffingtonpost.ca
image: Antonov A40 glider tank via Wikimedia Commons