What is the definition of fair share?
When you are shopping for something, how do you determine what the fair price is to pay?
If I buy a car that enables me to earn $500k per year, do I owe the seller of the car more than someone who buys the same car to earn $50k per year?
If a significant part of the population work more than one job, try actively to reach this sort of life, and hardly achieve it, then something is broken.
I don't which policy will make us closer to this sort of fairness, but that's the only bottom line that interests me.
It’s government policies that impact all businesses that get us closer to that fairness. Any single business that chooses to pay outsized amounts for their COGS, including labor, will get crushed in the larger market. There might be some like Costco and Apple that can afford to pay more, but they serve middle upper class customers and have a unique product.
For everyone else, people will choose to shop at the place that sells bread for 50 cents less.
Two-thirds of people who file for bankruptcy cite medical issues as a key contributor to their financial downfall.
While the high cost of health care has historically been a trigger for bankruptcy filings, the research shows that the implementation of the Affordable Care Act has not improved things.
What most people do not realize, according to one researcher, is that their health insurance may not be enough to protect them.
I chose to argue the way I did, because it is much easier to start at that end of the spectrum. If highly skilled highly productive employees who contributed massively to the company's bottom line cannot extract a fair share of the value in exchange for their work, then it's easy to convince someone that less skilled labor has these problems, too.