Posts Tagged ‘Minimum wage’

dc

This would of course happen in DC…where the appeasement of those making food and bussing tables for the political elite is most desirable. Nonetheless a good story, given that even walmart’s threats were unable to kill the bill. Bottom line: Companies with over $1 billion in annual corporate sales and using facilities over 75,000 square feet will be forced to add a few extra dollars per worker per hour to the payroll budget.

Click here for the full story from washingtonpost.com

 

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The fundamental law of capitalism is that if workers have no money, businesses have no customers. That’s why the extreme, and widening, wealth gap in our economy presents not just a moral challenge, but an economic one, too. In a capitalist system, rising inequality creates a death spiral of falling demand that ultimately takes everyone down…

Click here for the full story from huffingtonpost.com