Labor 101: Without a Living Wage, Prosperity Is Nothing but Fools’ Gold

The Working Stiff Journal Vol. 3 #2, March 2000 by Jackie Dana How is it that in a time of unprecedented prosperity and low unemployment, so many Austinites still can’t pay their bills? It’s good to see that one of the hot topics in Austin these days is the “wage gap.” The only thing amazing about it is that it took the politicians so long to acknowledge something the rest of us have been experiencing for years. While the rich get richer, there are still lots of people all over the country who work full time but do not earn enough to make ends meet. Elizabeth McNichol, an author of a recent economic report on U.S. incomes, noted that “the booming stock market… has mainly benefited people at the top end of the income scale,” while the “incomes of the poor and middle class have fallen or stagnated.” Based on the concept that one should only pay one-third of a … Read more…