Redefining the Minimum Wage
The Editorial Board,
Hack Educa,
Nov 15, 2013
The minimum wage is due for a reset. And while this may not appear to have a direct connection to education (after all, how many minimum wage earners manage to attend college or university?) it points to increasing inequality, and thereby, an increasing need to employ teachnology (and other measures) to increase access to education. The New York Times editorial staff writes, "if the minimum wage had kept pace over time with the average growth in productivity, it would be about $17 an hour. The problem is that the benefits of that growth have flowed increasingly to profits, shareholders and executives, not workers." This is twice to three times the current minimum wage in the U.S. Related: the Billionaire Census ("The combined fortune of the world's billionaires now stands at $6.5 trillion, up from $3.1 trillion in 2009" - RT)
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