Quote preview background for Noam Chomsky
Both political parties have moved to the right during the neoliberal period. Today__ New Democrats are pretty much what used to be called __oderate Republicans._ The __olitical revolution_ that Bernie Sanders called for, rightly, would not have greatly surprised Dwight Eisenhower.The fate of the minimum wage illustrates what has been happening. Through the periods of high and egalitarian growth in the _50s and _60s, the minimum wage__hich sets a floor for other wages__racked productivity. That ended with the onset of neoliberal doctrine. Since then, the minimum wage has stagnated (in real value). Had it continued as before, it would probably be close to $20 per hour. Today, it is considered a political revolution to raise it to $15.
Noam Chomsky
Turn into a Quote Card

Quote Detail

Both political parties have moved to the right during the neoliberal period. Today__ New Democrats are pretty much what used to be called __oderate Republicans._ The __olitical revolution_ that Bernie Sanders called for, rightly, would not have greatly surprised Dwight Eisenhower.The fate of the minimum wage illustrates what has been happening. Through the periods of high and egalitarian growth in the _50s and _60s, the minimum wage__hich sets a floor for other wages__racked productivity. That ended with the onset of neoliberal doctrine. Since then, the minimum wage has stagnated (in real value). Had it continued as before, it would probably be close to $20 per hour. Today, it is considered a political revolution to raise it to $15.

Quick Answer

What this quote page tells you

This canonical quote page keeps the full saying, the attributed author, any linked work, and the topic tags together so the quote can be cited from one stable URL.

Related Quotes

More quote cards from the same area