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Robert Reich Debunks The GOP Lie That People Are ‘Paid What They’re Worth’

“The “paid-what-your-worth” argument is fundamentally misleading because it ignores power, overlooks institutions, and disregards politics,” says Robert Reich.
Robert Reich Debunks The GOP Lie That People Are ‘Paid What They’re Worth’
Image from: 401(K) 2013

Via Americans Against The Tea Party:

Assuming that people are paid what they’re worth, that makes minimum wage workers worth a mere $7.25 an hour. Corporations refuse to pay more because they think this would “kill jobs”.

When General Motors was the largest employer in America fifty years ago, their employees were paid a whopping $35 an hour in current dollars. Walmart, America’s present largest employer, pays average employees a measly $8.80 an hour.

This does not mean that GM employees were more intelligent or had more skill than the current Walmart employees. In fact, the opposite holds true: many GM employees fifty years ag...

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