Benjamin Studebaker

Yet Another Attempt to Make the World a Better Place by Writing Things

Tag: FDR

Misconceptions: “Minimum Wage Jobs Aren’t Supposed to be Careers”

The other day, I saw one of my Facebook friends post this image:

The claim that minimum wage jobs aren’t supposed to be careers, and that consequently any adult who still has one deserves a wage that cannot be lived on, is dangerously misleading. Here’s why.

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Glass-Steagall 2.0

Senator Elizabeth Warren (D-MA) has a new idea–she wants to bring back repealed portions of the Glass-Steagall Act of 1933. The bill is, surprisingly, co-sponsored by John McCain (R-AZ). Warren’s student loan scheme was ill-conceived, but is this idea better? Let’s find out.

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