Newsweek Discovers Poverty, Ignores Wealth Concentration
Newsweek’s recent report on the dwindling number of cities where minimum wage pays rent paints a grim picture. But like a magician's misdirection, it focuses on the symptom (low wages, high rents) while obscuring the architects of this economic reality. They marvel at the problem without asking why Congress consistently declines to raise the federal minimum wage, stuck at $7.25 since 2009. Perhaps
they missed the OpenSecrets data showing how real estate and finance lobbies flood PACs with cash to ensure regulations and wages stay 'business-friendly.' Why bother discussing wealth concentration, corporate tax cuts, or the billions funneled into endless wars, when you can just map out the 'unfortunate' state of affairs? It's a classic: point to the pain, ignore the blade, and pretend
policymakers aren't heavily incentivized to keep said blade sharp.