According to the good people at Demos, Walmart could easily give its low wage workers a raise, and, with a little sacrifice by corporate leaders, all of the company’s workers could earn a salary well above the poverty line. Where do they get the data to make this claim? From a presentation by Walmart CEO Bill Simon. Check out this infographic to see how Demos finds a happy solution that would please both Walmart workers and customers – no prices need to be raised. The rich heads of the company would still be rich, just not as rich.
According to Think Progress, Starbucks CEO has announced his support for an increased minimum wage. Howard Schultz does concede that some employers might cut back on hiring. However, if corporate leaders like Schultz advocate for a higher minimum wage, it will break down the resistance. This is a small big of good news on the wage front.