Mayor Emanuel Races Chicago’s Economy To Bottom – Dave Johnson

Does a city “save money” by outsourcing good-paying jobs to a company that pays crap wages? The people who had good-paying jobs are out of work, replaced by people in low-wage jobs, and the rest of us feel the downward pressure on our wages and benefits as the race to the bottom accelerates. The city tax base is reduced as wages drop and people can’t shop at local businesses. And to make matters even worse the newly-hired crap-wage employees make so little they are likely on public assistance just to get by.

via Mayor Emanuel Races Chicago’s Economy To Bottom – Dave Johnson.

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