Letter: Save newspapers; boost minimum wage
How to save newspapers! Increase the minimum wage. The rich are finding out what we all already know, when times get bad, we must cut expenses.
During the past eight years the rich created a booming economy and yet had the good sense to keep their profits from trickling on down to us.
So while they became engorged, we commoners had to cut expenses. As it turns out, a vast number of people stopped their newspaper subscriptions, resulting in lost readership and thus causing advertisers to re-evaluate where they spend the advertising dollars.
Increase the minimum wage to $15 per hour. Given that in the late 1990s, it was determined that minimum livable wage was ~$11 an hour, it seems reasonable now almost 10 years later, that $15 is an appropriate figure. This would give more disposable income to tens of millions of people, who could become subscribers again. An additional benefit to the wage increase would be a reduction in illegal immigration, because of fewer unfilled jobs.
Many more Americans would be happy to accept jobs that actually paid a livable wage. Most blue-collar jobs go unfilled, because employers are paying pre-1980s wages. Feed the engine, and we will feed you.