Send a Tweet
Most Popular Choices
Share on Facebook 10 Share on Twitter Printer Friendly Page More Sharing
Exclusive to OpEd News:
OpEdNews Op Eds   

The Cost and Uses of Sandpaper

By       (Page 1 of 1 pages)   No comments
I don't understand why a Cost of Living Adjustment (C.O.L.A.) is not attached - once and for ALL - to a Minimum Wage bill.

It's been 10 years since the last increase. During that time, inflation has run at an average of three percent annually. That's a 30 percent loss of real income for the folks at the VERY LOWEST levels.

They been long years if you're working for $5. The House and Senate haven't missed an annual pay raise, which for the most part has averaged more than three percent.

You do the math: three percent of $5.15 is $1.54 or $6.69. The problem is without a C.O.L.A. even the new numbers around will be too small from Jump Street, and won't provide, at all, for the future.

Inflation is the cruelest tax to impose upon the poor.

I hold it is the greed of grandstanding, that is, self-ingratiation - by both parties - every time they give the very poorest a few pennies more per day sans an automatic COLA. The worst of them might be worried it will eat into Exxon profits of nearly $50 billion a year. Maybe a wage increase is set to take the profits down to $49.75 billion. No doubt!

Recently retired Exxon CEO, Lee Raymond, who will soon be drawing thousands a week from the government as a cabinet member, might lose three cents a share in 2008 Exxon dividends. That could reduce his $400 million golden parachute down to $399,150,000.

And doesn't that suck?

You see the problem with feeding these greedy poor people? A penny here and penny there - for them - and pretty soon we won't be able to buy the nice $19,000 bathmats, or those lovely second homes in Florida for $35 million.

Nearly $7 a hour . . . Eh, the meek are inherting the earth.

How much does sandpaper cost these days and does it have an adverse affect on genital-area skin?
Rate It | View Ratings

Dusty Nathan Social Media Pages: Facebook page url on login Profile not filled in       Twitter page url on login Profile not filled in       Linkedin page url on login Profile not filled in       Instagram page url on login Profile not filled in

My career in journalism began as a stringer at the Los Angeles Herald-Examiner before making my way east to write at the Washington Star. I toiled for more than a decade as a columnist for Gannett, the world's largest newspaper chain. As (more...)
Go To Commenting
The views expressed herein are the sole responsibility of the author and do not necessarily reflect those of this website or its editors.
Writers Guidelines

Contact AuthorContact Author Contact EditorContact Editor Author PageView Authors' Articles
Support OpEdNews

OpEdNews depends upon can't survive without your help.

If you value this article and the work of OpEdNews, please either Donate or Purchase a premium membership.

If you've enjoyed this, sign up for our daily or weekly newsletter to get lots of great progressive content.
Daily Weekly     OpEd News Newsletter
   (Opens new browser window)

Most Popular Articles by this Author:     (View All Most Popular Articles by this Author)

Spewing American Blood On Iraqi Oil Fields To Aid The House Of Saud

Blame the Boogie Man Before Obama

They Trade in Taboo

The Cost and Uses of Sandpaper

Why I Voted For Obama

Bang, Bang . . . You're Dead!

To View Comments or Join the Conversation:

Tell A Friend