Always a pleasure to watch and listen to Richard Wolff. The section on economics v. business was great. Two wings on the economy, one in LA-LA-LAND and one How To Department. What's fascinating to me is that when I finally went through Capital I and part of II, I recognized Marx's world just from working for a living.
The tail of the program made me fall off my chair. 2.13/hr! Even the hedge of cash & tip of 7.25/hr is ridiculous. California is no big spender either at 8.00/hr. That's 64 bucks a day. You can make that or better with a beat to shit truck hauling cardboard, mixed paper, glass/plastic, and aluminum. In Berkeley the rates are 0.10/lb aluminum, 0.05/lb, 100.00/ton newspaper and mixed paper. That's why our recycle containers are always empty on pick-up day. Here is the minimum wage break down: http://www.dol.gov/whd/state/tipped.htm Berkeley has a living wage ordinance with a current rate 13.03 with health insurance plan, 15.20/hr without. But and its a big but, that only applies to business with a contractual relationship to the city. CG
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