Richard Wolff: Secretary Gets $1.50 Raise While Corporations Gain Billions

This weekend, House Speaker Paul Ryan touted a story of a woman whose paycheck increased by $1.50 cents a week as a major benefit to middle-class workers. On Saturday, Ryan tweeted a link to an Associated Press report, writing, “A secretary at a public high school in Lancaster, Pennsylvania, said she was pleasantly surprised her pay went up $1.50 a week … she said [that] will more than cover her Costco membership for the year.” After a deluge of ridicule and outrage, Ryan deleted the tweet hours later.

For more, we speak with Richard Wolff, emeritus professor of economics at University of Massachusetts, Amherst, and visiting professor at The New School. He’s the author of several books, including, most recently, “Capitalism’s Crisis Deepens: Essays on the Global Economic Meltdown.”