Remove $5 billion from the pockets of low-income people and a place like Walmart will feel it, especially since 20 percent of Walmart’s customers depend on food stamps. After the November budget cut, the average recipient had $90 less a month to spend on discount goods and groceries. Attention, Walmart shoppers: Congress just squeezed your wallets further, since the federal farm bill passed last month reduces spending on food stamps by another $8.7 billion. The Congressional Budget Office recently issued a report estimating that 500,000 jobs could be lost if the minimum wage were raised along the lines of the president’s proposal. But that effect would likely only be temporary, as the estimated 16.5 million Americans who would see their incomes rise start to increase demand. And, the CBO noted, raising the minimum wage would also lift 900,000 working people out of poverty. Pause on that a moment. You would think the term “working poor” would be an oxymoron in this country, but nearly a million Americans with full-time jobs earn so little that they fall below the federal poverty line for a family of three. Dont stay Neutral Wal-Mart ! raise the Min. wage! [p]with a 21 % drop in earnings .. its a no brainer.
Posted on: Wed, 05 Mar 2014 08:04:25 +0000
Trending Topics
Recently Viewed Topics
© 2015