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Our Economy Is Fukt

May 15, 2015

I know, that’s obvious, but I just want to say it, this evening, because it’s such an important truth and I keep learning more about how true it is. For example, today I heard the point made that our low minimum wage, even while it is contributing to the general problem of mal-distribution of wealth, is also contributing to the particular problem of threatened insolvency of Social Security (partial in 18 years, if nothing is done to increase the SSI fund), because decades of stagnant low wages has also meant stagnant low worker contributions to that fund. Working people who can’t afford to save for retirement will also receive less community assistance when declining health forces them to retire.

Please tell me, if that is not a piss-poor situation.  And tell me if we can’t do any better.

From → economy

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