A job that pays a living wage isn’t just good for the workers who get to take home a livable paycheck, it’s good for other business owners and the economy as a whole. Businesses need people with a reasonable income to buy their goods. When workers are paid so little that they can barely afford to eat, they can’t spend additional money and as a result, the entire economy suffers. This is economics 101.
That implicit contract between society and the business owner used to be common knowledge in this country and, until the Reagan Revolution, was kept intact by businesses. Now, however, corporate America has thrown it out the window.
Walmart is the most egregious example. The nation’s largest employer is one big corporate welfare scheme for the company’s executives and the billionaire Walton family …
There are more lessons here, of course, but this is why we all need to tell Walmart to fuck off.