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Don’t believe the propaganda put out by big corporations, Wall Street, and the rich about jobs and wages – especially the following four big lies.
1. The rich and big corporations
create jobs. Wrong. The middle class and the poor create jobs when they have
enough money to buy. Their purchases get businesses to expand and hire.
2. The rich and big corporations
need lower taxes in order to create jobs. Baloney. We tried trickle-down
economics under Reagan and George W. and nothing trickled down. Why? See #1
above.
3. Raising the minimum wage to $15
will cause massive job losses. Rubbish. It will put more money into the pockets
of low-wage workers, who will spend it – and thereby create more jobs. See #1
above.
4. Trade deals like the proposed
Trans Pacific Partnership create jobs and raise wages. Wrong. They boost
profits but put downward pressure on wages. See NAFTA.
Spread the truth.
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- Mark
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