http://www.rawstory.com/rs/2010/12/labor-leader-calls-wage-increase-worldwide/By Nathan Diebenow
Saturday, December 4th, 2010 -- 1:34 pm
The president of the largest labor union in the US suggested that a wage increase for workers worldwide is needed in order to grow the now-stagnant global economy.
"Think about this for a second," Richard Trumka, president of the AFL-CIO, told Russia Today's The Big Picture. "The average wage in the developing countries is right now is 50 cents a day. If we would increase that from 50 cents a day to a dollar a day, we would increase world demand by about 40 percent. That would mean that we could start growing again, creating jobs."
"We could just do that domestically, too," RT host Thom Hartmann quipped, "if you want to get nationalistic about it."
"Absolutely," replied Trumka.