Wednesday, April 30, 2014

Minimum wage fight is old economics, will fail even if won.

Cheap oil has peaked. Debts will not be repaid, but interest mostly will. What does that mean? That means that the rich will bleed the system until it crashes. There's tons of cash hidden, but that will stay hidden because there are no customers, so nowhere to invest.

Senate Nears Minimum Wage Vote, Defeat Likely: "WASHINGTON (AP) — Democrats and Republicans grappled Wednesday over which party is truly helping American families as the Senate neared a vote on a Democratic election-year bill increasing the federal minimum wage, a measure that seemed all but certain to be defeated."
But there is low-hanging fruit. Autosprawl. A vast amount of money and energy is being wasted on the autosprawl system. This should be the first target of degrowth.

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