"[$15/hour] is a lot more than $7.25. It's more than a doubling of the minimum wage. So I don't want to take away that. That's something. But I just want to underscore how inadequate it still is... If you get the new $15 minimum wage [and work 40 hours a week] you earn $600 a week. If you work all but two weeks of the year for money, that means you earn $30,000. And for those of you that don't keep track of these numbers, that's not very much above what we call the "poverty level" for a family of four... That $30,000 wouldn't pay for one 8-month year at a 4 year private college in the United States. Keep a sense of the relationship here. You are not undoing inequality with this action."
- Richard Wolff
This is a clip from Economic Update: Why Women Have Better Sex in Socialism
[Season 11, Episode 4]
Watch the full episode: [ Ссылка ]
_______________________________________________________________________________________
We make it a point to provide the show free of ads. Please consider supporting our work.
Become an EU patron on Patreon: [ Ссылка ]
Become a monthly donor via our website: [ Ссылка ]
_______________________________________________________________________________________
Learn more about Prof Wolff's NEW BOOK, "The Sickness is the System: When Capitalism Fails to Save Us from Pandemics or Itself," that came out mid-September 2020, on our books page:
www.democracyatwork.info/books
"Indeed, his book is so thorough, so comprehensive in its insightful analysis, that it is a practically a one-stop center for anyone who wants to understand why the year 2020 has been such a dumpster fire." - SALON
Check out Prof. Wolff's other books "Understanding Socialism" and "Understanding Marxism"
[ Ссылка ]
_________________________________________________________________________________________
Want to help us translate and transcribe our videos?
Learn about joining our translation team: [ Ссылка ]
Jump right in: [ Ссылка ]
Follow us ONLINE:
Patreon: [ Ссылка ]
Websites: [ Ссылка ]
[ Ссылка ]
Facebook: [ Ссылка ]
[ Ссылка ]
[ Ссылка ]
Twitter: [ Ссылка ]
[ Ссылка ]
Instagram: [ Ссылка ]
Subscribe to our podcast: [ Ссылка ]
Shop our Store: [ Ссылка ]
