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01.18 Learning From Cuba’s ‘Medicare for All’

01.17 As Planet Heats Further, Even Davos Elite Warns Humanity Is 'Sleepwalking Into Catastrophe' [Intelligent government is desperately needed]

01.17 Could a Green New Deal Save Civilization? [Intelligent government is desperately needed]

01.17 New plant-focused diet would ‘transform’ planet’s future, say scientists

01.17 Studies Show Ice Melting and Ocean Warming Both Happening Much Faster Than Previously Thought

01.16 Immediate fossil fuel phaseout could arrest climate change – study [Intelligent government is desperately needed]

01.16 Our oceans broke heat records in 2018 and the consequences are catastrophic [charts]

01.15 Solar Farms Shine a Ray of Hope on Bees and Butterflies [Wonderful!]

01.15 Australia could hit 100% renewables sooner than most people think

01.15 Ion age: why the future will be battery powered

01.15 Barclays on wrong side of history with climate policy, says Greenpeace

01.15 'One fish at a time': Indonesia lands remarkable victory

01.15 Insect collapse: ‘We are destroying our life support systems’

01.14 V.A. Seeks to Redirect Billions of Dollars Into Private Care [The most public and efficient healthcare in America has been demonized and will be destroyed rather than improved, raising total  per-capita costs]

01.14 Saudi Arabia Increases Solar Targets To 20 Gigawatts By 2023 & 40 Gigawatts By 2030

01.14 Solar + Storage Half The Cost Of Gas Peaker Plants — 8MinuteEnergy

01.14 Why thousands of Los Angeles teachers are going on strike [Well at least we got a big tax-cut for the super-rich, that was the most important thing.]

01.14 Air pollution 'as bad as smoking in increasing risk of miscarriage'

01.09 Dutch eco initiative halves energy bills in first UK homes

01.09 'It's a nightmare': Americans' health at risk as shutdown slashes EPA

01.08 Monarch butterfly numbers plummet 86 percent in California [0:58 video; Do You Care?]

01.08 Carbon emissions up as Trump agenda rolls back climate change work [Making America Less  Great Again]

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01.18 “Are We Really Where We Are?”: Trump, Putin, and Washington’s Unbelievable New Normal

01.18 With Mattis Gone, Trump Is Already Sowing More Global Chaos [Trump plays General—what could go wrong...]

01.18 The Right’s Case Against Soaking the Rich Is Dirt Poor

01.18 Trump Worsens the Border Crisis

01.18 Impeach Donald Trump

01.18 President Trump Directed His Attorney Michael Cohen To Lie To Congress About The Moscow Tower Project [An impeachable offense]

01.18 10 Things We All Lose If Bernie Chooses Not to Run in 2020 [Intelligent government is desperately needed]

01.17 These 2020 hopefuls are courting Wall Street. Don't be fooled by their progressive veneer

01.17 Alexandria Ocasio-Cortez lambasts US government shutdown in first House speech [3:27 video; Intelligent government is desperately needed]

01.16 Bill Maher: If We Don’t Impeach President Donald Trump, Where Is The Bar? [9:49 video; Intelligent government is desperately needed]

01.16 With US 'Drilling Towards Disaster,' Report Warns Anything Less Than Urgent Green New Deal Will Be 'Too Little, Too Late' [Intelligent government is desperately needed]

01.16 Trump plans to relax Obama rules for oil companies put in place after BP disaster [Intelligent government is desperately needed]

01.16 Trump's war on science: how the US is putting politics above evidence [Consistently stupid and harmful policies... Seeing a pattern?]

01.16 Can Philadelphia 'stop people from dying' as drug crisis and gun violence rage on? [Whole country suffers from lack of effective federal policies... Seeing a pattern? P.S.: The answer is not a Wall!]

01.16 Why are more Americans than ever dying from drug overdoses? [graphs]

Justice Matters

01.15 The US apparently kept no detailed notes of Trump-Putin meetings for the past 2 years

01.15 California’s largest utility just declared bankruptcy. Hello, climate change.

12.28 Mueller closes in: what will the Trump-Russia inquiry deliver in 2019?

High Crimes?
Economics, Crony Capitalism

01.17 Trump's economy is great for billionaires, not for working people [chock-full of pesky facts that government and media ignore and distort]

International & Futurism

01.17 +++ Brexit crisis: Germany and Europe react — live updates +++

01.17 White people assume niceness is the answer to racial inequality. It's not [More equality requires us to fix ignored and distorted problems]

01.16 Global tensions holding back climate change fight, says WEF [Consistently stupid and harmful policies... Seeing a pattern?]

01.16 How Governments React to Climate Change: An Interview with the Political Theorists Joel Wainwright and Geoff Mann

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  Wall Street Journal Does the Minimum
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Wall Street Journal Does the Minimum

In its editorial denouncing a the minimum wage increase, the WSJ omits essential facts.

by Alice Cherbonnier
Wednesday, 15 July 2009

The EITC is a tax-free subsidy for the businesses who hire minimum wage workers. If businesses pay workers more, then the government will subsidize them less.

The July 13, 2009 edition of the Wall Street Journal carried an editorial, "Mandating Unemployment," that rails against the idea that the U.S. minimum wage should be increased. It starts out by informing us that the June unemployment rate for U.S. teenagers is 24% (38% for black teens), then tosses out the usual "free market" bromide that raising wages will result in even higher unemployment (called "disemployment").

The heart of the editorial's argument is that, if a minimum wage employee gets paid more, that person will receive less Earned Income Tax Credit from the federal government. Employers, it seems, are doing employees a big favor by paying them the current minimum wage of $6.55 an hour (before taxes and FICA are deducted), because, if they earn more, they'll get less federal money.

The Journal helpfully trots out a chart (prepared by the Tax Foundation) showing that a full-time minimum wage employee earns only $13,100 a year, but in actuality will have an annual cash flow of $20,043, thanks to an EITC of $5,028, a refundable child tax credit of $1,515, and a "making work pay credit" of $400.

Nowhere in this sorry editorial is there any discussion of the value of work performed by workers at the bottom rungs of the employment ladder, and whether the jobs available to minimum wage workers are worth what the employees are paid. There is a whiff of suggestion that some of those receiving minimum wage are so marginal that they wouldn't be "worth" 70 cents an hour more in their paychecks. Employers are doing society a favor, readers are led to infer, by hiring people who add little value to their bottom lines. They shouldn't be asked to pay them enough to live on. Instead, they—and the Wall Street Journal—are happy to allow all U.S. taxpayers to make up the difference.

Wouldn't it be reasonable to expect the Wall Street Journal, of all entities, to endorse the concept of people supporting themselves without any form of government subsidy? Not when it comes to the bottom line of Wall Street Journal constituents. In 2005, over $39.7 billion in EITC claims were made by 21.9 million tax filers. That's great for minimum wage employees, but it's also a $39.7 billion tax-free subsidy for the businesses who employ those workers.

The disingenuous editorial concludes, "If Congress were wise and compassionate, it would at least suspend the wage hike for one or two years until the job market recovers. We know this Congress won't do that, but someone has to speak up for the poorest, least skilled Americans."

Yes, Wall Street Journal, someone does need to speak up for "the poorest, least skilled Americans." And it's not you.

P.S. to the Journal: The EITC is not available to the very group that's most in need of jobs: young males. To qualify for the credit, you cannot be someone's dependent for tax purposes; and, unless you have a "qualifying child," you need to be at least age 25.

Alice Cherbonnier is the Managing Editor of this newspaper.

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This story was published on July 15, 2009.

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