Minimum Wage and the Need for a Working People’s Long-term Approach (Revised)
Minimum Wage and the Need for a Working People’s Long-term Approach Preamble The world is undergoing an interesting time. Less than two decades after global capitalism declared victory over ‘communism’ (read Stalinism), mass revolts and revolutions have convulsed the world again, with global capitalist political economy being in its worst precarious state in decades. Working and oppressed people are throwing away the burden of the past, and they are rejecting the status quo. From the revolutions and revolts in Middle East and North Africa, to the occupy movements in the centres of capitalism (Europe and North America); working class people and youths are demanding a better socio-economic order. They are challenging the power of the 1percent to control the resources of the 99 percent. In Nigeria, the struggle against deregulation of the petroleum products prices has drawn the ire of the mass of the working people, youths and the poor in general. This as we are writing this lines h