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Great Chef

Stuart Carlson The Washington Post

Three Stories about Walmart

The National Labor Relations Board issued findings today that Walmart broke the law by firing or penalizing workers who went on strike or tried to unionize. Meanwhile, the company draws criticism for sponsoring a food drive for needy employees. Rather than raise wages, Walmart blames a weak economy for its slow sales rather than a flawed business model. Finally, a senior editor from Fortune magazine makes the case that Walmart can afford to raise wages by 50%.

Why the Boeing machinists' fight matters

Ari Paul Al Jazeera
Boeing's fight against its machinists raises a terrifying possibility about U.S. capitalism. It appears that instead of industrial growth translating into national prosperity, the United States is beginning to conform to what economists call the Iron Law of Wages, which says the natural price of labor is subsistence. The only reasonable pay for workers, the theory goes, is enough to sustain them to live and work to produce value for their bosses and nothing more.