Today, I’ll be answering 5 questions at 5pm as part of my Twitter “5 at 5” Q&A.
If you have a question you’d like me to answer, just submit it on Twitter using hashtag #AskMcG. At 5pm, I’ll choose 5 questions, and answer them from @RepMcGovern.
Please share widely!
Do you support a “living wage” as originally defined by Adam Smith in Wealth of Nations as opposed to the so called “minimum wage”?
[Explanation] The premise of Adam Smith’s Wealth of Nations, which is the putative “Bible” of capitalism is that a worker must be paid sufficiently to support a family of four in decent housing, decent education, and decent food and clothing, and that otherwise, the system cannot be sustained. Such a living wage, per Adam Smith, was the moral and actual underpinning and requirement for stable, “christian” moral society. I contend that what we have now is neo feudalism prentending to be the capitalism of Adam Smith.