Thursday, February 19, 2015

Robert Reich on Walmart increasing its minimum wage

Per this FB post:

"The right is already putting out a false story about why Walmart raised its wages. Here's the Wall Street Journal's account:

'Wal-Mart Stores Inc. plans to boost pay for its U.S. employees to at least $10 an hour by next year, well above the minimum wage, signaling a tightening labor market and rising competition for lower-paid workers.'

"Baloney. Low-wage Americans are not in a tight labor market. They're still suffering brutally high rates of unemployment. Walmart raised wages because it was under increasing pressure from its current workers,and from a huge and growing national campaign focused on raising Walmart workers' pay. But Rupert Murdoch's Wall Street Journal and other conservative outlets don't want that story told, for fear it might mobilize even more Americans to demand higher wages. Spread the truth."

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