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Activists want to put the brakes on CEO Don Thompson's multimillion dollar pay package. Health advocates are petitioning LeBron James to stop peddling McDonald's junk food to kids.
Here's a piece of good news in the fight to raise the federal minimum wage to $10.10 an hour: Walmart's U.S. president, Bill Simon, said last week that the nation's largest employer, will not oppose such an increase.
“Did you know millions of Americans live with debt they can not control? That’s why I’ve developed this unique new program for managing your debt. It’s called, Don’t Buy Stuff You Can’t Afford.”
When failed Republican presidential candidate and multimillionaire asset-stripper Mitt Romney said this week that he supported an increase in the minimum federal wage to US$10.10 ($11.63), as advocated by President Barack Obama, you knew the sounds of discontent from America's growing underclass must have penetrated the hallowed sanctuaries of the very rich. Not that Obama's proposal, the Minimum Wage Fairness Act, went anywhere. It was blocked by Senate Republicans last month and the wage remains at US$7.25 an hour.
Danielle can't afford to give her 3-year-old son gifts on holidays and birthdays. Munira Edens broke her phone three months ago and now goes without one because a repair is too costly. The eldest of six, James Moore tries to help his mother pay household expenses but often can't, because he makes just $150 a week.
At $9.85 an hour, 25-year-old Terran Lyons supports herself and two kids as a crew trainer at a McDonald’s in Seattle’s university district. That’s a jump from the $9.19 an hour the high school dropout got when she started, and a step above the state’s $9.32 minimum wage. But it’s hardly enough to be self-sufficient. Lyons is on food stamps. She wouldn’t even be able to afford a Big Mac if it weren’t for the 50 percent employee discount.
On May 1, the White House released a 90 day review studying the effects of big data and privacy, led by Obama's Counsel, John Podesta. The review, which can be found here, and a summary of it, here, also focuses on big data’s potential for discrimination.
On Monday, the Massachusetts General Assembly announced election bill H.4072, an omnibus voting package that has been reconciled from 2013 companion bills H.3788 and S. 1975. The final bill, which will take effect beginning in 2016, makes important inroads towards modernizing Massachusetts’ electoral processes as a part of the continuous effort to grant its residents expanded access to the ballot.
The owners of capital have had a great run over the past few decades. They've made a killing by exploiting an open global trading system, an abundance of cheap labor, and technological advances. Times have been so good that Forbes lists a record 1,645 billionaires worldwide, including 268 new ones in just the past year.
Yet nothing lasts forever, and systems that favor the few over the many are especially vulnerable to disruption. It's always hard to say when the shift will come, or what will mark a turning point.