In this Labour Day message, Robert Reich, the former Secretary of Labour and subject of the upcoming documentary Inequality for All, breaks down what it’ll take for workers to get a fair share in this economy… including big profitable corporations like McDonald’s and Walmart ponying up and finally paying fair wages. McDonald’s and Walmart… pay your employees decent wages! Your typical employee is now earning 8.25 to 8.80 USD (275-293 Roubles. 8.60-9.20 CAD. 9-9.60 AUD. 6.25-6.75 Euros. 5.25-5.60 UK Pounds) an hour. Most are adults, responsible for bringing in half their family’s income. You can easily afford to pay them 15 USD (500 Roubles. 15.60 CAD. 16.40 AUD. 11.40 Euros. 9.60 UK Pounds) an hour without causing layoffs or requiring price hikes. Your shareholders and executives are doing spectacularly well.
28 August 2013
We have to end the charade of voodoo economics brought by Margaret “Milk Snatcher” Thatcher and Slobberin’ Ronnie (and reinforced by Shrub Bush). We produce the wealth… we deserve our fair share. If that’s “Red”… so be it, I’m proud to be a Red! Those who didn’t work to produce the wealth, shouldn’t take the lion’s share… and I’m not alone in thinking that way.