It's been a great day. The Cubs beat the Cardinals, and I met some friends for a steak dinner. So, now while chilling out listening to blues and catching up with The New Yorker, I read these words in Amy Davidson's October 8 profile of GOP presidential candidate Carly Fiorina: "When HP fired her, she got a twenty-million-dollar severance package, plus fifteen thousand for career counseling. Only in this country, perhaps, could a C.E.O. receive compensation worth more than a million hundred million dollars in six years, get fired, and use the money to enter politics."
I don't believe in salary restrictions of any kind. If a company wants to pay any employee any amount, that's the company's business. At the same time, voters should be able to ask about a candidate's history and what it says about his or her potential leadership. In Fiorina's case, she laid off thousands of workers before she took the money and ran. As far as I can tell, none of her current positions would do anything to help American workers. "Only in America."
Writing in Daily Kos¸ Laura Clawson analyzes what today’s national minimum wage of $7.25 is really worth. Adjusted for inflation, the minimum wage has declined to the level it was at in 1950. Clawson adds that many jobs paying this wage are part-time with unpredictable hours. What’s worse is that many of the loudest voices in the Republican Party are challenging the very concept of a minimum wage. What kind of country are we living in when poverty wages are equated with “freedom”? As I said in a recent blog, America is bankrupt – morally bankrupt.