Dean Baker fingers a culprit behind absurdly overpaid CEOs: "corporate cronyism," as in "(t)he corporate directors who are supposed to be holding down CEO pay for the benefit of the shareholders are generally buddies of the CEOs," often picked by the CEOs themselves! Remember this the next time someone tells you CEOs deserve all those millions because they "take risks." The biggest risk they take is that one of their cronies on the board might turn on them, which, given the evidence, isn't a very big risk.
Ralph Nader tells us why the Congressional Budget Office's report that a $10.10/hour minimum wage would cost the economy 500,000 jobs during the last six months of 2016 isn't the whole story. You'll be reminded that Ron Unz, editor of The American Conservative, supports a $12/hour minimum wage. Meanwhile, Mike Konczal suggests that the CBO's science isn't exactly the consensus among economists, and some of it isn't even well-tested. The CBO report also said, by the way, that a minimum wage hike would lift 900,000 people out of poverty over that same period. What, the "liberal" media didn't foreground that?
The Gap announces it will hike its minimum wage to $10/hour by June of 2015 -- which, admittedly, puts them in a better light than does their refusal to support better safety for Bangladeshi garment workers. Meanwhile, WalMart also says they'll "look at" supporting a minimum wage hike, but WalMart supported the 2007 hike, and has made positive noises about further hikes, so this feels like they're going backward. Still, if Congressional Republicans plan to keep doing nothing, we're fortunate to find corporations volunteering to hike wages.
Volkswagen labor official suggests that the German automaker doesn't have to put any more factories in the South if workers can't unionize there. Well, Tennessee Republicans, it looks like you're not the only ones who can issue threats.
Finally, Mitch McConnell's primary challenger, Matt Bevin, says that gay marriages could lead to parent-child marriages -- "because at the end of the day a lot of this ends up being taxes and who can visit who in the hospital and there’s other repressions and things that come with it -- so a person may want to define themselves as being married to one of their children so that they can then in fact pass on certain things to that child financially and otherwise." "Where do you draw the line?" he demands. Right here: gay marriages will not lead to parent-child marriages, because children cannot consent to a relationship with an adult, and parents can already pass "certain things" on to their children. (Yes, I, too, wonder what Mr. Bevin means by "repressions.")