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So it turns out that Walmart could afford to give its workers a nice raise without jacking prices if it simply redirected profits now used to buy back its own stock to better reward its huge labor force -- the people, by the way, who make the profits possible. This is the finding of a Demos report
Blog
David Callahan

The causes of Detroit's bankruptcy and what the city's emergency manager can do to turn it around.

Research
Wallace C. Turbeville
Walmart can easily afford to raise pay for its low-wage workers by $5.83 an hour, to an average wage of $14.89, a new report from progressive think tank Demos concludes. All the retail giant has to do is stop its massive stock buybacks—which only serve to enrich a shrinking pool of shareholders, not
In the media
Laura Clawson
Wal-Mart could afford to hike every U.S. employee’s hourly wage to at least $14.89 an hour just by not repurchasing its own stock, according to a new report from the progressive think tank Demos.
In the media
Josh Eidelson
In the past week, both a senior editor at Fortune magazine and the liberal think tank Demos have made similar proposals for how Walmart could greatly increase worker wages without harming its business prospects.
In the media
Hamilton Nolan
A historic $13 billion settlement is in the works between the federal government and JP Morgan -- the biggest-ever penalty for wrongdoing by a bank. But this settlement is unlikely to deter tomorrow's lawbreakers in finance, and here's why.
Blog
David Callahan

How Walmart Can Invest in Its Workforce Without Costing Customers a Dime

Research
Catherine Ruetschlin
Amy Traub
“We are on strike today to have respect and dignity at work,” says Walter Melendez, one of approximately 40 Los Angeles port truck drivers who walked off the job at 5a.m. morning in protest of alleged unfair labor practices. The strikes featured the rolling “ambulatory pickets” that the truckers
In the media
Sarah Jaffe
A new brief by the national public policy organization Demos analyzes one way Walmart can raise worker pay to meet employees’ $25,000 benchmark target. A Higher Wage is Possible: How Walmart Can Invest in Its Workforce Without Costing Customers a Dime details how Walmart can give workers a raise by
Press release/statement
There are few better ways to uncover fraud in an industry than to incentivize insiders to blow the whistle on wrongdoing. And a little known part of Dodd-Frank did just that for the securities industry, creating a new whistleblower program run by the SEC that can bestow huge rewards on anyone who
Blog
David Callahan