Tweaking of minimum wage for waitresses with meager tips.

Calling All Rich Waitresses: Step Forward for Pay Cuts

The return to capital has long since been divorced from real capitalist ingenuity, and is more a matter of Alan Greenspan's money spicket. In these hyper-inflationary times he made sure that assets appreciated rather than wages.

Quit soft peddling on minimum wage. Demand parity for labor to that of assets. How? The current CPI does not work any more. Demand, for example, that pay adjustments must factor in the increase in housing costs . . and I do not mean the payments for low interest Adjustable Rate Mortgages but pegged to how an investor would look at the home prices. He would demand his money back in 10 years, from rent. Calculate what it would take to pay off a home in ten years at a ten percent interest rate. Hold this ten year ten per cent rate constant from 1990 or 1995 to the present and then look to see how grotesquely low the minimum wage is today as compared to just a decade ago.

Make some folks ponder whether they must measure their assets' value each and every year rather than hold their assets, without any accounting of their illusionary gains, until they sell. The last time I checked, there is no liberty interest (freedom to contract stuff) of an asset holder to a government guarantee that their assets shall always rise and never fall. Take the freedom to contract argument and fling it back in the face of the asset holders. The are plenty of peasants who are using half to two-thirds of their after tax income just for food and shelter and heat.

When I see that you are willing to give up price supports on homes I might then see that there is a net benefit to labor from your political activities. What is important to me is who you are willing to pick a fight with. You are twiddling your thumbs by confining your whining to the tips for waiters.