That’s one conclusion that could be drawn from this excellent NW News Network story by Austin Jenkins.
But David Rolf of the Service Employees International Union says there was something missing: “Occupy didn’t have a long term theory of how to make change and it didn’t have very crisp demands.”
Rolf says that started to change about a year after the occupiers were chased out.
In November 2012, his union – SEIU – was involved in organizing a fast food workers strike in New York. Their demand: a $15 per hour wage.
There are very few spontaneous mass movements. The drive for “$15 now” is no exception. And speaking of the 1 percent, there’s a must-read in today’s Wall Street Journal debunking many myths associated with high earners. I’ll jump to the conclusion. RTWT
The shift in incomes in favor of the wealthy has been due to several large forces, including a world-wide boom in asset prices, the rise of global markets, and technological innovation that has increased the earning power of the well educated. These have been positive—not negative—forces that have elevated living standards around the globe.
At a time of slow economic growth, mounting government debt, a stalemated politics and the impending retirement of the “baby boomers,” the attacks on the “one percent” look more and more like a diversion from the nation’s real problems.
Offering an alternative, James Pethokoukis notes an AEI colleague’s proposal to cut the minimum wage by half for the long-term unemployed and pair it with a wage subsidy. The plan would reduce the employer’s hiring risk and accelerate the transition from unemployment to holding a job. Not popular, perhaps, but it tackles the right issue. As Gallup reports, unemployment rises to top problem in the U.S.