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Walmart is by far the nation's largest retailer, with 2.2 million employees (the next largest is Target with 365,000), and its low wages have set the tone for a nation where the majority of jobs created in the so-called economic recovery pay less than $13.83 per hour.
In the media
Sarah Jaffe
By 2020, more than one-quarter of U.S. workers will be working low-wage jobs, not making enough money to keep a family of four out of poverty.
In the media
Pat Garofalo
With the holiday shopping season fast approaching, Demos has released a new report showing how raising wages in the retail sector would benefit not just workers but the economy as a whole. The study looks at what would happen if the lowest-paid retail employees earned $25,000 a year (the current
In the media
Laura Feeney
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
In the media
Ned Resnikoff
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
In the media
David Dayen
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.
In the media
Josh Boak
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
Press release/statement
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
In the media
Roman Shteyn
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.
In the media
Bob Herbert
NEW YORK -- With $4 trillion in annual revenue, over 15 million employees and projections to be one of the largest sources of new jobs in the next decade, the retail sector plays a vital role in the economy, wielding great influence over the living standards for many Americans.
Press release/statement