welfare vs wages

[Danzig]

http://www.slate.com/blogs/moneybox/...employees.html

'But corporate America as a whole has been so successful in squeezing the labor share of national income lower and lower that it's become a substantial constraint to businesses' ability to sell things to people. The cycle of low wages, low demand, weak hiring, weak bargaining power, and low wages just keeps grinding on.'


you'd think corporations would understand that if they paid more, their employees would spend more, thus driving up demand and creating jobs-with more people making money, spending more, etc

[jms62]

Originally Posted by Danzig

http://www.slate.com/blogs/moneybox/...employees.html

'But corporate America as a whole has been so successful in squeezing the labor share of national income lower and lower that it's become a substantial constraint to businesses' ability to sell things to people. The cycle of low wages, low demand, weak hiring, weak bargaining power, and low wages just keeps grinding on.'


you'd think corporations would understand that if they paid more, their employees would spend more, thus driving up demand and creating jobs-with more people making money, spending more, etc

They only need to paint a pretty picture for the next earnings report so they can dump their options into a market being supported by fed dollars. The race to the bottom continues.

[jms62]

D.C. awash in contracts, lobbying wealth : Stltoday
http://www.stltoday.com/news/nationa...d3186a960.html

[jms62]

.... the definition of Chutzpah ...

Wal-Mart Asks Customers To Donate Food To Its Needy Employees

http://www.businessinsider.com/walma...e-food-2013-11

[joeydb]

Originally Posted by jms62

.... the definition of Chutzpah ...

Wal-Mart Asks Customers To Donate Food To Its Needy Employees

http://www.businessinsider.com/walma...e-food-2013-11

That really is crazy.

[dellinger63]

Originally Posted by jms62

.... the definition of Chutzpah ...

Wal-Mart Asks Customers To Donate Food To Its Needy Employees

http://www.businessinsider.com/walma...e-food-2013-11

The original version of this story stated that Wal-Mart was asking customers to donate food. The food drive is actually among employees.

[Danzig]

Originally Posted by jms62

.... the definition of Chutzpah ...

Wal-Mart Asks Customers To Donate Food To Its Needy Employees

http://www.businessinsider.com/walma...e-food-2013-11

that's what i'd linked to a couple posts back, slate had an article on it.

it is ridiculous that workers in this country need help. there's no excuse for it, other than corporate greed, with millions going to those at the very top of the company food chain, while many at the bottom have to get assistance from the govt (taxpayers). and that's no excuse at all-it's an explanation as to why.
the govt, who doles out subsidies to many of these businesses, and has been put on the hook by the same to subsidize employees, must take immediate action. raise the minimum wage back to where it used to be, at a level that keeps people above the poverty line like it did before!

[jms62]

Originally Posted by Danzig

that's what i'd linked to a couple posts back, slate had an article on it.

it is ridiculous that workers in this country need help. there's no excuse for it, other than corporate greed, with millions going to those at the very top of the company food chain, while many at the bottom have to get assistance from the govt (taxpayers). and that's no excuse at all-it's an explanation as to why.
the govt, who doles out subsidies to many of these businesses, and has been put on the hook by the same to subsidize employees, must take immediate action. raise the minimum wage back to where it used to be, at a level that keeps people above the poverty line like it did before!

Yet the brainwashed slaves defend the slave masters.

[joeydb]

Originally Posted by jms62

Yet the brainwashed slaves defend the slave masters.

Obamabots defending the Democrats?

[dellinger63]

Why let the correction of the story get in the way?