Sumner, as we saw earlier, diagnosed rising inequality and stagnant wages. This puts him ahead of many conservatives who deny that it's rising at all-or that if it is that it even matters-many conservatives think high inequality is fine as it's the road to efficiency.
I call it the inequality denial the Judge Judy defense-you know where someone pees on your leg and tells you it's raining-while the claim that it's just the price of economic efficiency is the Sucks to be You defense of inequality.
Sumner admits it exists and it's a problem but his diagnosis is 'libertarian'-basically it's bad old regulations that have gotten us here.
http://diaryofarepublicanhater.blogspot.com/2015/06/sumner-on-how-capitalism-is-supposed-to.html
Basically if it weren't for Dodd-Frank, the minimum wage, the ACA, etc, we'd be in much better shape.
Meanwhile, Sumner is really covering libertarianism in a blaze of glory by defending Dennis Hastert on libertarian grounds. Yes, the leader of the Clinton impeachment in the 90s in the new poster boy for civil liberties-in the mind of a Scott Sumner.
http://diaryofarepublicanhater.blogspot.com/2015/06/in-sumners-special-pleading-for-dennis.html
http://www.themoneyillusion.com/?p=29547&cpage=1#comment-391130
Thankfully, the President has other ideas on how to fight inequality. He continues to have as much fun as he wants since the GOP 'wave election' of 2014. He has a new plan that really should do something about stagnating wages.
"The Obama administration is on the verge of possibly doubling the salary levels that would require employers to pay overtime in the most ambitious government intervention on wages in a decade. And it doesn’t need Congress’s permission."
"As early as this week, the Labor Department could propose a rule that would raise the current overtime threshold — $23,660 – to as much as $52,000, extending time and a half overtime pay to millions of American workers. The rule has already come under fire from business and Republican opponents who say it will kill jobs and force employers to cut hours for salaried employees."
As Paul Waldman notes, the GOP is going to set records for the number of times the words 'job killer' is uttered.
http://www.washingtonpost.com/blogs/plum-line/wp/2015/06/08/happy-hour-roundup-620/
"The minimum wage they can’t do,” said Bill Samuel, director of legislative affairs for the AFL-CIO. “This is probably the most significant step they can take to raise wages for millions of workers.”
I call it the inequality denial the Judge Judy defense-you know where someone pees on your leg and tells you it's raining-while the claim that it's just the price of economic efficiency is the Sucks to be You defense of inequality.
Sumner admits it exists and it's a problem but his diagnosis is 'libertarian'-basically it's bad old regulations that have gotten us here.
http://diaryofarepublicanhater.blogspot.com/2015/06/sumner-on-how-capitalism-is-supposed-to.html
Basically if it weren't for Dodd-Frank, the minimum wage, the ACA, etc, we'd be in much better shape.
Meanwhile, Sumner is really covering libertarianism in a blaze of glory by defending Dennis Hastert on libertarian grounds. Yes, the leader of the Clinton impeachment in the 90s in the new poster boy for civil liberties-in the mind of a Scott Sumner.
http://diaryofarepublicanhater.blogspot.com/2015/06/in-sumners-special-pleading-for-dennis.html
http://www.themoneyillusion.com/?p=29547&cpage=1#comment-391130
Thankfully, the President has other ideas on how to fight inequality. He continues to have as much fun as he wants since the GOP 'wave election' of 2014. He has a new plan that really should do something about stagnating wages.
"The Obama administration is on the verge of possibly doubling the salary levels that would require employers to pay overtime in the most ambitious government intervention on wages in a decade. And it doesn’t need Congress’s permission."
"As early as this week, the Labor Department could propose a rule that would raise the current overtime threshold — $23,660 – to as much as $52,000, extending time and a half overtime pay to millions of American workers. The rule has already come under fire from business and Republican opponents who say it will kill jobs and force employers to cut hours for salaried employees."
As Paul Waldman notes, the GOP is going to set records for the number of times the words 'job killer' is uttered.
http://www.washingtonpost.com/blogs/plum-line/wp/2015/06/08/happy-hour-roundup-620/
"The minimum wage they can’t do,” said Bill Samuel, director of legislative affairs for the AFL-CIO. “This is probably the most significant step they can take to raise wages for millions of workers.”
"Congressional
Republicans are gearing up for a major battle against raising the
overtime threshold. The House Education and the Workforce subcommittee
will devote much of a scheduled June 10 hearing
on federal wage and hour standards to the overtime rule, even if it
isn’t yet released. Sen. Lamar Alexander, chairman of the Senate Health,
Education, Labor and Pensions committee, said the rule—sight
unseen—“seems engineered to make it as unappealing as possible to be an
employer creating jobs in this country.”
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