In Germany, auto workers get paid well and their companies still profit. Author Thom Hartmann on why living wages and corporate success don't have to be mutually exclusive.
For global companies that have shifted production to Southeast Asia's low-cost manufacturing hub, greater cross-boarder labor coordination could mean less room for wage bargaining, a squeeze on profits and maybe even higher price tags on anything from shoes and clothing to cars and electronics appliances. But even as wages rise, labor activists are confident they aren't at risk of pricing themselves out of the market.
A recent National Labor Relations Board ruling means unions could one day organize nationally among all McDonald’s workers, rather than one store at a time. Nowhere perhaps did the ruling reverberate louder than in Atlanta, headquarters for Arby’s, Chick-fil-A, Popeye’s and other fast-food franchises, as well as many hotel, retail and temp agency chains.The ruling could be a huge boost for the Service Employees International Union, which is organizing fast-food workers.
There is no reason for the Fed should be acting to slow the economy at the slightest hint of more rapid wage growth.
The lack of wage growth is one reason why many consumers feel that the broader economic recovery hasn’t reached their wallets. The problem has divided academics and fueled political debate on Capitol Hill and across the country, turning an increase in the minimum wage, for example, into a central issue in the midterm elections.
If high unemployment is one of the obstacles to more equitable growth, then the question is: how do we achieve full employment? There are four main ways. Each route faces substantial political opposition, both because of powerful interests that would be hurt by paying higher wages and because of popular prejudices that are persistently promoted in the media.
On this Father’s Day: an examination of the wages of male workers at the prime age for raising young children.
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Even if you don't work or shop at Walmart, you're living in the Walmart economy. Walmart workers are leading the movement to change it. Join us at: www.WalmartEconomy.com.
Fast food workers earn 1,200 times less than CEOs, the widest disparity of any U.S. economic sector. McDonald’s employees make about $8.25 per hour on average before taxes, and the corporation tacitly acknowledges it pays poverty wages. The company drew flak last year for a website that advised its employees to budget by spending nothing on keeping their homes warm, finding a place to live that costs less than $600 a month and spending $20 a month on health insurance.
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