"... the wealth of the Walton family -- which still owns the lion's share of Walmart stock -- now exceeds the wealth of the bottom 40 percent of American families combined, according to an analysis by the Economic Policy Institute...."http://www.huffingtonpost.com/robert-reich/minimum-wage-increase_b_3816534.html
Former Labor Sec. Robert Reich has a good blog this morning.
He looks at the wage gains of the bottom 60% of the working population ;
the vast inequality of wealth and income; and concludes that a national
minimum wage of $10-15 is appropriate.
The majority of workers at the McDonalds and Walmarts are adults, most with children to support. A living wage for these workers will not compell the corp. honchos to send the jobs to low wage under-developed countries.
The Walmarts and McDonalds on almost every block of our country will remain open; and the workers are needed.
One study estimated that paying McDonald workers as much as $15 hour
might raise the price of the Whopper by 2-3 cents. Not a big deal.
Some bloggers here may say that Reich is an unrepentant New Deal
liberal; a big government , centralized control, old FDR new dealer.
You can call Reich anything you want, just don’t call the low-paid workers to a dinner they can’t afford