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Catherine Ruetschlin has produced an outside-the-box policy brief for Demos arguing for "a new wage floor for the lowest-paid retail workers equivalent to $25,000 per year for a full-time, year-round retail worker at the nation’s largest retail companies—those employing at least 1,000 workers."

Walmart executives worried about the recent spate of labor activity against the retailer would probably tell you that they cannot possibly offer higher wages to their employees while maintaining their brand identifier of low prices. They offer what the market will bear in terms of wages, they would say, and anything more would represent a loss for their business, and would impact shoppers on tight budgets. It’s just not possible.

Retail companies don't have to choose between high wages and high profits, argues a new report from the researchers at Demos.

In Retail’s Hidden Potential, policy analyst Catherine Ruetschlin says that higher wages across the retail industry would create jobs and reduce poverty without cutting significantly into employers’ profit margins.

Black Friday has heaped new pressure on big box stores to bump up worker pay, with a group of Walmart employees plotting a walkout on the country’s biggest shopping day and the think tank Demos releasing a study Monday that touts the benefits of higher wages.

If Walmart and other major retailers would just raise worker wages to a livable level, not only would 700,000 people be lifted out of poverty, but the economy and retail sales would grow. That's the conclusion of a new report by Demos' Catherine Ruetschlin, anyway. And her argument has backup in today's retail industry:

How and why large financial institutions damage the middle class even if there is no financial crisis.

The right to vote is just that – a fundamental right which is the cornerstone of American democracy. In the 2012 election, that sacred value was challenged in a way we have not seen in a couple of generations.

Henry Ford famously decided in 1914 to pay many of his workers the then incredible sum of five dollars a day, which was substantially higher than the prevailing wage at the time.

Baby boomers are the first generation in American history to be entering retirement saddled with debt, including unpaid balances on credit cards.

The financial crisis in 2008 that sent the economy into a recession crippled many baby boomers’ retirement accounts, forcing many to stay in the workforce or significantly alter their retirement lifestyle plans. Now, the oldest of the boomer generation are receiving Social Security checks alongside notices from bill collectors.