My friends, I want to talk for a few minutes with the people of the United States about banking — to talk with the comparatively few who understand the mechanics of banking, but more particularly with the overwhelming majority of you…
Franklin Delano Roosevelt, President. 12 March, 1933
It’s been ninety years, and we still haven’t learned the lesson.
Heh. You think these prices are high? Just wait. You’ll see.
It’s easy for me; I stopped driving soon after I moved close to the Beltway. It wasn’t really by choice, though at least the government didn’t force me; it’s a safety measure more than anything. I figured that if I still had a license, some emergency would arise and I’d need to get behind the wheel for whatever reason, and after that it would only be a matter of a very brief amount of time before my Maine driving habits got me killed.
It’s time. The wage hasn’t gone up since 2009, and a dollar is worth a lot less today. $7.25 an hour in 2009 is $9.50 an hour adjusted for inflation, and add a quarter a year for a while just to stay even.
There’s people who couch their arguments in terms of a living wage. Some talk of morality, of exploitation, of fairness. There’s a big political movement out there supporting $15 and hour on these grounds; they’ve had some success in Seattle. (more…)