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As inflation continues, CEO pay & corporate profits reach all-time highs

As inflation continues, CEO pay & corporate profits reach all-time highs
kalw.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from kalw.org Daily Mail and Mail on Sunday newspapers.

United States , Saru Jayaraman , Dean Baker , Restaurant Opportunities Center , Food Labor Research Center , Washington Post , Economic Policy Institute , Economic Policy , One Fair Wage , Ending All Subminimum Pay , Policy Research , How Globalization , Modern Economy Were Structured , Policy Institute , Fair Wage , Wage Shortage , Worker Shortage ,

Structuring the Economy to Give Money to the Rich Is Inflationary

Structuring the Economy to Give Money to the Rich Is Inflationary
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Bryan Stryker , Great Recession , Working Class Attack Upward Redistribution , How Globalization , Modern Economy Were Structured , Rich Richer ,

Point/counterpoint: $15 minimum wage — Raising living wage is a start


Point/counterpoint: $15 minimum wage - Raising living wage is a start
Dean Baker
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The standard argument against raising the minimum wage is not supported by the evidence.
We now have considerable experience with state and local governments having substantial increases in their minimum wages. Several cities, including New York, San Francisco and Seattle, already have a $15 an hour minimum wage. California’s statewide minimum wage is now at $14 an hour and is scheduled to hit $15 an hour for mid-size and large employers next year and all employers in 2023.
Dozens of economists have carefully analyzed these minimum wage hikes. To the surprise of many, including me, there is no evidence that these minimum wage increases have led to job loss. Instead, they have resulted in substantial improvements in living standards for millions of low-wage workers. ....

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