Monday, 26 August 2013
It would not be a tragedy if some of these shareholder returns and compensation packages had to be trimmed in order that low-wage workers at McDonald’s, KFC and Walmart got a raise.
Robert Reich, Op-Ed: The good news this Labor Day: Jobs are returning. The bad news this Labor Day: Most of them pay lousy wages and low if non-existent benefits. The trend toward lousy wages began before the Great Recession. According to a new report from the Economic Policy Institute combined with wage losses for most workers since then, means that the bottom 60 percent of working Americans are earning less now than thirteen years ago.