Tidbits - April 3, 2014
Portside
In the series "The Secret Life of a Food Stamp," Marketplace reporter Krissy Clark traces how big-box stores make billions from the federal Supplemental Nutrition Assistance Program, aka food stamps. What's more, the wages of many workers at these stores are so low that the workers themselves qualify for food stamps—which the employees then often spend at those big-box stores.
Since 2000, the Latin American region as a whole has increased its growth rate to about 1.9% annually per capita – not like the pre-1980 era, but a serious improvement over the prior two decades when it was just 0.3%. But Mexico hasn't joined in this long-awaited rebound: its growth has remained below 1%, less than half the regional average, since 2000. And not surprisingly, Mexico's national poverty rate was 52.3% in 2012, basically the same as it was in 1994 (52.4%).
Across the country, for the past several months, workers have been walking out of McDonalds, K.F.C.s and other fast-food companies, calling for a fifteen-dollar hourly wage. Fast-food companies say that this is unrealistic. Raise the hourly wage to fifteen dollars per hour, they argue, and local franchises, many of them operating with small profit margins, will either fail or have to lay off employees.
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