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DeanBaker13's profile
Dean Baker
Dean Baker
Dean Baker
@DeanBaker13

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Dean Baker

@DeanBaker13

Senior economist at the Center for Economic and Policy Research (@ceprdc). Blog-- Beat the Press (@beat_the_press)

Utah
cepr.net
Joined July 2011

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    Dean Baker‏ @DeanBaker13 1 Jan 2020

    Dean Baker Retweeted Steven Greenhouse

    The minimum wage is less than half of what it would be if it tracked productivity, which it had up until 1968https://twitter.com/greenhousenyt/status/1212381051080851456 …

    Dean Baker added,

    Steven GreenhouseVerified account @greenhousenyt
    And let's not forget, the federal minimum wage is worth 17% less than a decade ago and 31% less than four decades ago, after adjusting for inflation pic.twitter.com/D8AOm4d1Tm
    Show this thread
    6:40 AM - 1 Jan 2020
    • 442 Retweets
    • 949 Likes
    • Carson Kelly BeautifulDoll Joseph Brossart Damien Cash Mauricio Aristizabal Charlene Schlueter Clay ZenTaoPrincess Tummler (means... Connector & Troublemaker)
    18 replies 442 retweets 949 likes
      1. Dean Baker‏ @DeanBaker13 2 Jan 2020

        Here's a slightly dated piece, but if the minimum wage had kept pace with productivity growth it would be close to $22 an hour today http://cepr.net/blogs/cepr-blog/an-18-42-minimum-wage …

        1 reply 20 retweets 34 likes
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      1. Dr. Manhattan - Just admit you hate poor people.‏ @JohnnyHoncho11 1 Jan 2020
        Replying to @DeanBaker13

        Yes, and overall wages also.pic.twitter.com/8RmGYc4Gql

        0 replies 2 retweets 1 like
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      1. New conversation
      2. Impeachments* Are Forever‏ @OK_Dumbass 1 Jan 2020
        Replying to @DeanBaker13 @KevinMKruse

        The GOP eclipsed the Dems for half a century on the back of white middle class "economic anxiety" as a result of Dem civil rights legislation in the 60s. The ironic twist? The white middle class is nearly extinct & now GOP voters have both "economic anxiety" & economic anxiety.pic.twitter.com/wakGyA7iic

        2 replies 0 retweets 3 likes
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      2. Mary  🕶 ☀️ 🌊‏ @MaryInMpls 1 Jan 2020
        Replying to @DeanBaker13 @KevinMKruse

        How can you track productivity when our product has completely changed since 1968?

        1 reply 0 retweets 2 likes
      3. Michael Sladnick  🇲🇲 ⬜ 🟥 ⬜ 🇲🇲‏ @Nizzil 1 Jan 2020
        Replying to @MaryInMpls @DeanBaker13 @KevinMKruse

        It's actually a BS measure. The H&M store that sells a shirt off their shelf for $50 is counted by economists as many times more productive than the combination of everyone else involved in the production of the shirt (which left Asia for $5), just because they captured the value

        0 replies 0 retweets 0 likes
      4. End of conversation
      1. New conversation
      2. SueKnows‏ @Schmomm 1 Jan 2020
        Replying to @DeanBaker13 @IMontoyaResists

        It’s all bad. Take states whining about tort reform. States like Cal have 1970s caps on pain and suffering, meaning nothing in today’s dollars. You’re old, retired, you’re literally worth NOTHING. They aren’t going broke from “frivolous lawsuits”.

        1 reply 0 retweets 1 like
      3. SueKnows‏ @Schmomm 1 Jan 2020
        Replying to @Schmomm @DeanBaker13 @IMontoyaResists

        Big med wants no liability, but their costs are an outrage. I can see “tort reform” with universal healthcare, but not with this rigged billionaire health biz. (Just my opinion.) #Medicalthieves

        0 replies 0 retweets 1 like
      4. End of conversation
      1. Joe L VOTE BLUE-MASK UP-SAVE LIVES‏ @resist_lies2 1 Jan 2020
        Replying to @DeanBaker13 @KevinMKruse

        We need civil servants, including the POTUS, who actually care about the people who work hard to generate the taxes that make everything in this country possible. The current @GOP are on the take & obviously care nothing for the average citizen. Taxation without representation.

        0 replies 0 retweets 0 likes
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