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.
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...