Reading Assignment

From the NY Times Magazine, "What Is A Living Wage?"

An excerpt:

Reich, now a professor at the University of California, Berkeley, happens to view the minimum wage as a somewhat inefficient tool for alleviating poverty (compared with earned income tax credits, say). But he acknowledges that it has a powerful moral and political impact, in states red as well as blue, and especially now, in an era when workers see the social contract with their employers vanishing. "They see neighbors and friends being fired for no reason by profitable companies, executives making off like bandits while thousands of their own workers are being laid off," Reich says. "They see health insurance drying up, employer pensions shrinking. Promises to retirees of health benefits are simply thrown overboard. The whole system has aspects that seem grossly immoral to average working people." As Reich points out, whatever the minimum wage's limitations may be as a policy instrument, as an idea "it demarcates our concept of decency with regard to work."