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Income and wealth disparity has emerged as a critical economic and political issue for the US. At its core, it is a discussion of how we measure whether the economy is increasing or decreasing the well-being of Americans as a whole. Traditional measures like GDP growth, the stock market and even unemployment rates do not capture the circumstances of today’s economy.
FAYETTEVILLE, Ark.--(Business Wire)--Sending a message to the Walmart heirs who control the company, a growing number of institutional investors, independent shareholders, analysts and advisors are raising concerns – and proposing changes – at Walmart’s annual shareholders meeting Friday.
You’ve probably heard by now that a stunning 95 percent of the gains the United States economy has made in the years since the Great Recession have gone to the top 1 percent.
“Working moms” employed by the world's biggest retailer, Walmart, have walked off their jobs in a number of cities across the United States. Union organizers said employees walked picket lines Wednesday throughout the day in 20 cities including Tampa, Miami, Chicago, Milwaukee, Minneapolis, Los Angeles, and San Francisco.
Under the banner of "Walmart moms," mothers who work at Walmart launched strikes in 20 cities across the United States on Wednesday to protest what they say are poverty wages and routine policies of retaliation against workers who organize. From Chicago to Pittsburgh to Miami, the mass actions were part of rolling strikes launched last Friday by Our Walmart members.
Walmart workers speaking at the company’s annual shareholder meeting in Bentonville, Arkansas, on Friday said the megastore’s staffing problems and poor pay were hurting the company’s image and contributing to lagging sales.
Their statement comes after a week of rallies across the country by labor activists, union representatives and workers in cities such as Chicago; Dayton, Ohio; and Baton Rouge, Louisiana. The demonstrators have taken aim at the plight of the company’s low-wage employees and the burden they say Walmart’s staffing policies place on working mothers.
All across the country, public services are increasingly outsourced to private contractors in the name of efficiency and cost savings. But a new report from the non-profit research group In the Public Interest (ITPI) shows that outsourcing public services hurts middle and working class communities as well as workers.
Alongside the everyday low prices, Walmart shoppers in Landover Hills, Maryland, might encounter Gail Todd. A mother of three who works there as a sales associate, Gail would like to work full time but has recently seen her schedule cut to as few as 12 hours a week. She has no idea how much she’ll end up making this year; even when she was working closer to full time, she expected to bring home just $17,000. Currently she and her family depend on D.C.’s public health care system, food stamps and low-income housing to stay afloat.
Times are tough for creative people in the entertainment industry -- even as big profits roll in for corporations like Viacom and Disney. It's a familiar story, only in this case its film editors, make-up artists, and musicians who are getting creamed.