Tuesday 8 July 2014

Monday's thought

The debate about raising minimum wage in the USA is still on the go.  President Obama, has been desperately sharing his idea about the positive aspects of introducing the $10.10 per hour. Recently, his philosophy has been strongly supported by a new mixture of statistics, graphs, data, and etc showing how he believes that this new proposal would boost the economy.
What is more, he’s trying to encourage his supporters to not be afraid to challenge the elected local representatives with questions such as;  “So ask your senator, ask your representative in the House, do you support raising the federal minimum wage to $10.10 an hour. If they say yes, tell em good job. … If they say no, be polite, don’t just yell at them but say, ‘Why not?’
In theory, that looks like a great plan to utilize this proposal and tick another box on Obama’s “things to do” list. Just like he did after implementing Obama Care. However, maybe he should let the economy decide for itself what is best? Or perhaps, the recent data from Washington which is showing the highest number jobs added in the past two months (288,000) since April 2008, should make the president to hold on for a moment, and re-think the whole idea – that can be done with a Cuban cigar and a glass of whiskey.
Sometimes I can’t keep up with all the websites where each say something else – clearly this debate isn’t going to be over anytime soon!
In the meantime the German Parliament adopts minimum wage! Yes that is right. The German lawmakers approved the country’s FIRST national minimum wage, despite complaints from trade unions, pointing out too many loopholes in the act. After months of tough negotiations, the minimum wage equivalent to $11.61 has been approved. The reform is undoubtedly a victory for Chancellor Angela Merke and her allies.
So Mr Obama, I shall suggest that you pick up the phone and call Mrs Merkel for a little advice... Oh, damn it, I forgot that you already know everything – NSA is working 24/7 obviously.


Bottom line - practically, the US can’t have Angela Merkel on its board – but hey! There is a suggestion, Hillary Clinton. 

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