LOWER PAY ISN'T AN RX
Job creation column doesn't pass smell test
I have a question to ask Kevin Hassett of Bloomberg News ("Want to help the jobless? Accept lower wages," Sept. 8): If your dream of lowering workers' wages comes true, who do you think will be buying the products and services that would be produced by a nation of low-wage-earners? This is nothing more than blatant class warfare against 95 percent of us.
I have part of the solution that will sideline nonsensical ideas like this: Please get out and vote for Mark Dayton and the rest of the Democratic candidates. These people best represent a decent future for Minnesota!
LEE PETERSON, TOWER, MINN.
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Hassett's column stands out as the most odious and ridiculous piece I've read in weeks.
Hassett, who is the senior economic adviser of the right-wing American Enterprise Institute, suggests that the Americans are unemployed because wages are too high for the American workers who are employed. High wages are the cause of unemployment? I suggest that Hassett is either lying or flat-out crazy.
The current economic trouble comes from the Wall Street shell games that led to massive foreclosures in housing. The troubles stem from the United States no longer having a healthy manufacturing base.
Wages over the past few decades have not kept up with the cost of living. In other words, in terms of buying power, wages have gone down.