Media

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.

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

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.

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.

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.

NEW YORK - Just in time for Black Friday, when consumers rely on scores of retail workers to help them navigate the stressful holiday season, a new study released today by national public policy center Demos, Retail’s Hidden Potential: How Raising Wages Would Benefit Workers, the Industry and the Economy Overall, examines the economic benefits of a wage increase for large chain retail workers on consumer experiences, businesses, fa

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:

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.

There have been a number of news stories about the closing of Hostess’ factories and plans to liquidate the company in the wake of the refusal of one of its unions to accept reductions in pay and benefits and other concessions. It appears as though this will leave Hostess’ 18,000 workers without a job by the end of the year.