America Is Globally Shamed For Its Pathetic Minimum Wage
06/16/2014 11:59 am EDT
badly that it's starting to get shamed by the rest of the world.
The International Monetary Fund on Monday cut
its forecast for U.S. economic growth this year, warned of sluggish growth
for years to come, and made a bunch of suggestions for getting America's
economic house in order -- including raising the abysmally low federal minimum
wage of $7.25 an hour.
"[G]iven its current low level (compared
both to U.S. history and international standards), the minimum wage should be
increased," the global financial-stability group wrote in its annual
assessment of state of the U.S. economy. "This would help raise
incomes for millions of working poor and (help) ensure a meaningful increase in
after-tax earnings for the nation’s poorest households."
The IMF didn't say how much it thought the
minimum wage should be, exactly. President Barack Obama has proposed an
increase to $10.10 an hour. If the minimum wage had been adjusted for inflation
regularly, it would be at least $10.68, according to the National Employment Law
Project. Many fast-food workers would prefer $15 an hour. If wage floors had been raised to keep up
with productivity, then they would be closer to $22 an hour.
However you figure it, the wage is too low,
and one of the lowest among the world's developed economies.
The point is moot at the moment, because Republicans in Congress want nothing to do with a higher
minimum wage. States and cities are starting to take matters into their own
hands, led by Seattle, which recently raised its minimum wage to a highest-in-the-nation $15.
In fact, Republicans in Congress oppose many
of the suggestions the IMF made for getting U.S. economic growth moving again,
including infrastructure investment and immigration reform. Without such
things, the IMF said, it expects U.S. gross domestic product growth to average
2 percent a year for "the next several years," below its historic average
of more than 3 percent. The IMF also cut its forecast for growth this year to 2
percent from an earlier estimate of 2.8 percent.
Then again, the IMF also called for the U.S.
to "fundamentally reform" Social Security, so there's stuff in this
report for Americans on the left to hate, too.
World Community of Nations. You know why it is so happening because these
motherfuckers don’t have any shame and do not even understand what shame means.
How can those animals understand those who fucks their mothers who gave birth to
them fucks their mothers , own daughters, and sodomize with their sons
understand what shame is.
we have to bear all these insults because we call these animals our best
They in fact also fucked the shame
itself. What a bad luck for the nation, these illegitimate call themselves as
the leaders of the American Nation.
Over and above when the criminals of
a foreign country claims “WE JEWS
CONTROL AMERICA” what more unfortunate and shameful can be than this very
statement. How very unfortunate We are that there is none to object to it and
throw them in the ocean to drown.
It is time the Americans rise up and
kick out these shameless elements from American
politics and clean up the mess they created after the forth coming election.