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This is supposed to be a cheery season for retailers. Not at Wal-Mart (WMT), though, where it’s been a really bad week—and this is only Wednesday. On Monday, the Cleveland Plain Dealer broke the news of a holiday food drive at an Ohio Walmart store—for its own employees. The newspaper story
In the media
Susan Berfield
As usual, comedian Stephen Colbert hit the nail on the head. “Walmart is taking care of its employees... Not living wage care, but can of peas care.” The late-night satirist was responding to a Cleveland Plain Dealer article finding that Walmart set up a Thanksgiving food drive to benefit its own
Blog
Amy Traub
Walmart can easily afford to raise pay for its low-wage workers by $5.83 an hour, to an average wage of $14.89, a new report from progressive think tank Demos concludes. All the retail giant has to do is stop its massive stock buybacks—which only serve to enrich a shrinking pool of shareholders, not
In the media
Laura Clawson
So it turns out that Walmart could afford to give its workers a nice raise without jacking prices if it simply redirected profits now used to buy back its own stock to better reward its huge labor force -- the people, by the way, who make the profits possible. This is the finding of a Demos report
Blog
David Callahan
Wal-Mart could afford to hike every U.S. employee’s hourly wage to at least $14.89 an hour just by not repurchasing its own stock, according to a new report from the progressive think tank Demos.
In the media
Josh Eidelson
Today is World Toilet Day, which strikes me as a good moment to reflect on how government can radically improve people's daily lives.
Blog
David Callahan
We need to restore the positive concept of public goods that existed decades ago.
Blog
June Sekera
A historic $13 billion settlement is in the works between the federal government and JP Morgan -- the biggest-ever penalty for wrongdoing by a bank. But this settlement is unlikely to deter tomorrow's lawbreakers in finance, and here's why.
Blog
David Callahan
A new brief by the national public policy organization Demos analyzes one way Walmart can raise worker pay to meet employees’ $25,000 benchmark target. A Higher Wage is Possible: How Walmart Can Invest in Its Workforce Without Costing Customers a Dime details how Walmart can give workers a raise by
Press release/statement
In the past week, both a senior editor at Fortune magazine and the liberal think tank Demos have made similar proposals for how Walmart could greatly increase worker wages without harming its business prospects.
In the media
Hamilton Nolan