Monday, September 29, 2014
Quote of the day -- on the job creators
The real job creators are not CEOs or corporations or even entrepreneurs. The job creators are the middle class and the poor, whose purchases cause businesses to expand. If the middle and poor don't have enough purchasing power, businesses won't hire. Which explains why America's job picture continues to be so bad, with the lowest share of the working-age population now employed than in over three decades. Almost nothing has been trickling down to the middle class and poor.
We don't need tax cuts for the wealthy or for corporations. We need a higher minimum wage, an expanded Earned Income Tax Credit, and stronger unions.
--Robert Reich, American political economist, professor, author, and political commentator