Corporations are making record profits, and are either sitting on them or using them to buyout other corporations. These “funds could be used in a way businesses are not even considering: giving their employees a raise. Wages today constitute the lowest share of both corporate revenue and the nation’s economy since World War II, while profits make up the highest share of gross domestic product in decades.” This has got to change.
A jump-start for American wages – Washington Post
“For about four decades, increases in the minimum wage have consistently fallen behind inflation, so that in real terms the minimum wage is substantially lower than it was in the 1960s. Meanwhile, worker productivity has doubled. Isn’t it time for a raise?”
Raise That Wage – New York Times
“At $7.25 per hour, the federal minimum wage in the U.S. is lower than it is in many other developed countries, either when calculated as a percentage of the country’s median wage or when adjusted for currencies’ different levels of purchasing power.”
9 Countries With A Higher Minimum Wage Than The U.S. – Huffington Post
This article was originally posted on Change to Win. Reprinted with Permission.