This strike follows a cluster of other Walmart strikes across the country over things like unsafe working conditions, sexual harassment, excessive hours, and low pay. Learn more after the jump.
Will you drive on over to your local Wal-Mart on Black Friday morning, only to find yourself confronted by capitalism's misdeeds, in the form of protesting Wal-Mart workers demanding something approaching a living wage? Here is a list of planned Wal-Mart Black Friday actions around the country.
With the holiday shopping season fast approaching,Demos has released a new report showing how raising wages in the retail sector would benefit not just workers but the economy as a whole. The study looks at what would happen if the lowest-paid retail employees earned $25,000 a year (the current average is $21,000 for retail sales people and just $18,500 for cashiers).
As planned Black Friday strikes draw increasing media attention, Walmart continues to publicly dismiss the actions as stunts and the workers involved as an unrepresentative fringe. But workers charge that behind closed doors, the company is waging a stepped-up campaign to to intimidate them out of striking. That includes both alleged illegal threats and punishments, and likely legal mandatory meetings designed to discourage workers from joining the Black Friday rebellion.
Walmart executives worried about the recent spate of labor activity against the retailer would probably tell you that they cannot possibly offer higher wages to their employees while maintaining their brand identifier of low prices. They offer what the market will bear in terms of wages, they would say, and anything more would represent a loss for their business, and would impact shoppers on tight budgets. It’s just not possible.
Retail companies don't have to choose between high wages and high profits, argues a new report from the researchers at Demos.
In Retail’s Hidden Potential, policy analyst Catherine Ruetschlin says that higher wages across the retail industry would create jobs and reduce poverty without cutting significantly into employers’ profit margins.
Black Friday has heaped new pressure on big box stores to bump up worker pay, with a group of Walmart employees plotting a walkout on the country’s biggest shopping day and the think tank Demos releasing a study Monday that touts the benefits of higher wages.
Henry Ford famously decided in 1914 to pay many of his workers the then incredible sum of five dollars a day, which was substantially higher than the prevailing wage at the time.
Baby boomers are the first generation in American history to be entering retirement saddled with debt, including unpaid balances on credit cards.
The financial crisis in 2008 that sent the economy into a recession crippled many baby boomers’ retirement accounts, forcing many to stay in the workforce or significantly alter their retirement lifestyle plans. Now, the oldest of the boomer generation are receiving Social Security checks alongside notices from bill collectors.
No doubt the new International Energy Agency (IEA)'s latest World Energy Outlook will be cause for celebration for the fossil fuel industry. In it, IEA points to the strong oil and gas production in the U.S. and predicts that by within a decade or so, the U.S. will become the world's largest oil producer, surpassing Saudi Arabia and Russia. By 2030, North America could be a net oil exporter and, around the same time, the U.S. will likely be energy independent.
The last presidential debate not only continued the silence on climate change, it also advanced the false narrative that we have to choose between economic growth and action on climate change. While the candidates focused on how to keep gas prices down, increase energy independence, and create jobs, they never addressed how we can use our energy plan to fight climate change. By refusing to address climate consequences, both candidates reinforce the idea that we either focus on economic growth or we focus on the environment, but not both.
In politics, there inevitably comes the dreaded time when politics and politicking run into reality. It is the point at which you can no longer appease two opposing parties and a decision must be made that chooses one party's interests over the other. I imagine politicians hate this moment because it shows their true character, for better or worse.
Wednesday night’s first presidential debate between President Obama and Mitt Romney was live-blogged or live-tweeted by almost every think tank. The depth of the commentary ranged from appearance to proposal. After a little time to process, think tank experts are weighing in with analysis beyond 140 characters.
If there are any truths to hang your hat on in the ongoing debate about the future of American healthcare, it’s this one: Medicare is really expensive.
As part of an event celebrating the National Employment Law Project, I participated in a panel moderated by Bob Herbert, former oped writer for the NYT (an extremely compelling one at that, whose themes were race, poverty, inequality, and justice) and now a senior fellow at Demos (the other panelists were Dorian Warren and Lynn Rhinehart).
A mid-September sunny day in New York City draws those with the day off to go to the parks and laze along the avenues, walking by the workers on call, cleaning up after tourists, holding together a city that always seems held together by the sweat of its massive workforce and a dose of city pride. Beneath the massive Washington Arch, a woman in a wheelchair, beside other men and women in wheelchairs and other prosthetic devices, holds a sign that says, “Occupy Wheelchairs.” The Occupy Wall Street Disability Caucus is holding an assembly to proclaim its presence at Occupy, Year 2.
A study by Demos, a liberal research center, found that a median-income couple that invested in 401(k)’s for 40 years with fees averaging 1.6 percent a year would achieve $354,850 in assets at average savings rates, but only after paying $154,794 in investment fees.