Sunday, August 03, 2008

Tennessee Tops in Predatory Patronage, But Not in Minimum Wage

A 277% increase in donations that campaigns have received from the predatory lending industry has put Tennessee in a crappy upper eschelon, which has to have an entropic effect on any progress the state makes to reform predatory lending.

For Tennessee's working people something's got to give somewhere, but it isn't giving on wages, as Tennessee is not ranked among states leading on minimum wages.  Predatory lenders are spending six figures on candidates to make sure that consumers will pay whatever they say consumers should pay, but Tennessee wages will not rise to assure that consumers can afford to pay any more.

No comments:

Post a Comment