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Friday, August 22, 2014

Nick Hanauer: Beware, fellow plutocrats, the pitchforks are coming - TED 8/2014

What kind of cake ... Angel's Food or Devil's Food? 
Nick Hanauer is a rich guy, an unrepentant capitalist — and he has something to say to his fellow plutocrats: Wake up! Growing inequality is about to push our societies into conditions resembling pre-revolutionary France. Hear his argument about why a dramatic increase in minimum wage could grow the middle class, deliver economic prosperity ... and prevent a revolution.

... and then there is Wisconsin --

Wisconsin rejects 'living wage' complaints filed by workers

Among the complainants was Rita Seward of Milwaukee, who earns $10 an hour as a certified nursing assistant. A mother of three, Seward said her monthly bills include $575 in rent, $135 for heat and electricity, $350 for food, $120 for student loans, $80 for transportation and $60 for phone service.

A report that analyzed every minimum-wage hike since 1938 should put a bunch of nonsense ideas to rest 

In a first-of-its-kind report, researchers at the National Employment Law Project pore over employment data from every federal increase since the minimum wage was first established, making "simple before-and-after comparisons of job-growth trends 12 months after each minimum-wage increase."

#1% #Elites WI 1848 Forward: Nick #Hanauer: Beware, fellow #plutocrats, the pitchforks are coming - #TED 8/2014 #99%

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