There are some things about the article that don’t seem to add up to me.
He asks why people aren’t moving from high unemployment places to low unemployment places but he doesn’t make any mention about the number of jobs AVAILABLE in the low uemployment area. Duh.
He also said that people aren’t moving because they have houses that they can’t sell. How many min. wage workers own houses?
He also makes no mention of CEO compensation. Are they going to take a pay cut, too? Lawrence Ellison, CEO of Oracle made $56,810,851 in total compensation in 2009, or the equivalent of 3,767 minimum wage workers. But please, ask a worker already at near poverty level to pitch in 19% of their income so that his neighbor can also be poor? How does this guy sleep at night?