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Raising the minimum wage to $10.10 an hour would increase the price of a $16 product at Walmart, such as the typical DVD, by just a cent if all of the extra costs were passed on to consumers, according to an analysis by an economist for Bloomberg News. [...]
In the media
Bryce Covert
Walmart currently does not support raising the federal minimum wage. However, considering the company's lackluster performance over the past few months, perhaps it's time to take a stand.
In the media
Jillian Berman
Walmart is denying a Bloomberg report that said the nation's largest private employer is considering supporting an increase in the minimum wage. "We are not at all considering this," Walmart spokesman David Tovar told The Huffington Post Wednesday afternoon, just after Bloomberg published the story
In the media
Emily Peck
Emily Cohn
When Woody Harrelson's character got hired as a bartender on Cheers, he was so excited, he insisted on working for no more than the minimum wage. "I'd work like a slave," he said, "and, of course, I'd wash your car." Most bar and restaurant workers would prefer to bring home a little more cash. They
In the media
Alan Greenblatt
Today, President Barack Obama honored his promise from last month’s State of the Union address to raise the minimum wage for some workers indirectly employed by the federal government. In a new executive order, he raised the minimum wage from $7.25 to $10.10 an hour, effective Jan. 1, 2015. The
In the media
Bruce Vail
In the last year or two, something remarkable has happened in American politics. After decades in which future deficits, mostly caused by health care costs and conservative tax cuts, were invoked by those seeking to slash Social Security benefits for reasons of ideology or pecuniary interest, the
In the media
Michael Lind
Democrats are planning a yearlong campaign against economic inequality as the midterm elections approach, and President Obama will kick it off in earnest Wednesday when he signs an executive order raising the contracting standards for workers on federal contracts.
In the media
George Zornick
For hundreds of thousands of low-paid employees of federal contractors, the executive order President Obama announced in his State of the Union address will make a important difference in their incomes and lives.
Blog
Amy Traub
If the road to hell is paved with good intentions, perhaps the same could be said about many of today’s 401K plans. Employers craft benefit packages with the best of intentions, yet, there’s a good chance you may be administering or participating in a retirement plan not in compliance with new
In the media
Brian Luster