A clear-headed discussion, imo. -- "[Demos, a research and policy center focused on economic stability]... calculated that McDonald’s (NYSE:MCD) and Wal-Mart (NYSE:WMT) employ a combined 1.48 million people at a wage too low to support a family, afford health care, or save for retirement. The poverty level guideline for a family of four in 2013 was $23,550 per year. The Economic Policiy Institute reports that the average person working in the fast food industry is 35 years old, many of whom have children. The average hourly earnings of these workers is $9 per hour, approximately $18,500 per year." wallstcheatsheet/stocks/playing-tug-of-war-with-the-minimum-wage-who-has-a-better-grip.html/2/
Posted on: Sat, 31 Aug 2013 21:26:09 +0000