(581) Minimum wage up one penny since 1975

lunchroomRecent 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?

Minimum wage in 2013 just a penny more than 1975, after inflation: Statistics Canada.  A Statistics Canada report says the average minimum wage was $10.14 in 2013 and the 1975 wage, expressed in 2013 dollars, was $10.13.

(577) OECD on capitalism

TitanicCapitalism 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

(571) How poverty taxes the brain [Infographic]

poverty brain infoMintPress 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!

How poverty taxes the brain

See also:
(372) Studies indicate poverty impairs cognitive ability
(159) Suburban poverty and the brain

(555) Smooth sailing for the super yachts

Super YachtCertainly 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

 

(534) Inland Empire

BlueberriesBefore 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
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