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Quote by Noam Chomsky

“Both political parties have moved to the right during the neoliberal period. Today’s New Democrats are pretty much what used to be called “moderate Republicans.” The “political 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—which sets a floor for other wages—tracked 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.”

Author

Noam Chomsky

Noam Chomsky, born on December 7, 1928, is a renowned linguist from the United States. His research in generative grammar and transformational grammar has had a profound impact on modern linguistics. Chomsky's academic achievements extend beyond linguistics, as he is also an active political commentator and philosopher, known for his unique perspective and profound insights. more

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