OOF: Marriage Is Upper Middle Class WHITE SUPREMACY, Says ... Upper Middle Class...
MLK Jr. Spirit Award Winner Wishes Utter Death and Worse to Those Who...
MSNBC: Jon Stewart Learns From Complaints, Stops Making Biden Jokes
White House: Senate Republicans Are Relentlessly Smearing Biden's Judicial Nominee
Vanderbilt Tampon Tantrum Takes Terrific Turn
Here Are More Harrowing Details About Nex Benedict
Idaho Tribune Announces Cash Reward for Evidence of 'Hate Crime' Against Basketball Team
Fascism Alert: Washington State to Offer Cash Reward for Reporting 'Hate Speech' and...
BREAKING: Democratic Mega Donor Sam Bankman-Fried Sentenced for Crypto Crimes
Jewish Democrats Endorse Challengers to Squad Members
That's Gonna Leave a Mark: Riley Gaines SCHOOLS Scott Wiener After He Calls...
Politicizing the Baltimore Bridge Tragedy and Attacking Conservative Media is a New Low...
Missouri Attorney General Announces Suit Against Biden’s Student Loan Cancellation
The LEAST They Could Do: IL Parole Board Members Resign After Prisoner They...
Righteous Anger Boils Over as NYPD Union Tells City Council NOT to Attend...

Robert Reich: Cutting wages and benefits results in more jobs ... just like slavery did

For decades, U.C. Berkeley professor Robert Reich has made the case for various government interventions in labor markets, such as a higher minimum wage, that invariably raise the rate of long-term unemployment.

Advertisement

The types of policies he supports have been in use in countries such as France (unemployment rate: 11.0 percent), Italy (unemployment rate: 12.0 percent), Portugal (unemployment rate: 17.8 percent), Spain (unemployment rate: 26.8 percent), and Greece (unemployment rate: 26.8 percent).

Those are great models for the U.S., eh professor?

This evening, Reich takes his case for propped-up wages and benefits one step further, implying that compensation cuts, taken to the extreme, are akin to slavery. At least that’s what we think he’s arguing. (It’s sometimes hard to tell.)

https://twitter.com/Numba1TSwiftFan/status/354416042145091587

Basic economics, indeed. (Alas, Reich doesn’t have a Ph.D. in economics or in any other discipline.)

Ironically, one policy that really could result in lower wages for low-skilled U.S. workers is “comprehensive immigration reform” aka The Gang of Eight bill aka amnesty.

So does Reich oppose amnesty?

Of course not.

But it’s Robert Reich. It’s not supposed to make sense.

Join the conversation as a VIP Member

Recommended

Trending on Twitchy Videos

Advertisement
Advertisement
Advertisement