For Immediate Release
Tuesday, December 3, 2024
Patriotic Millionaires Announce Publication of Pay the People! Why Fair Pay is Good for Business and Great for America
WASHINGTON, DC – Today, John Driscoll, Morris Pearl, and the Patriotic Millionaires announce the official publication of their new book, Pay the People! Why Fair Pay is Good for Business and Great for America.
In Pay the People! Driscoll – a former healthcare CEO and executive at Walgreens Boots Alliance, and current Chair of Magnit Global, an international staffing corporation that manages over 700,000 employees – and Pearl – a former Managing Director at BlackRock and the Chair of the Patriotic Millionaires – make the business and economic case for paying workers better wages. They argue that the combination of Congress’ failure to raise the minimum wage and business leaders’ refusal to pay employees fairly limits consumer demand, impairs business success, and ultimately threatens broader economic stability. The book rebukes current wage practices and congressional paralysis and outlines a simple path to stable, inclusive growth.
Both John Driscoll and Morris Pearl are available for interview – if you’re interested in speaking with them, contact Emily McCloskey at emily@patrioticmillionaires.org.
Pay the People! has received praise from a number of prominent economists, lawmakers, corporate executives, and social activists.
Lawrence H. Summers, the Charles W. Eliot University Professor at Harvard University and Director of the National Economic Council under President Obama, said,
“This book makes a strong case for raising the minimum wage and stands for a more fundamental idea that doing well and doing good go together. I hope it influences federal and state policy for years to come.”
Representative Ro Khanna (CA-17) said,
“Raising the minimum wage is not just an economic imperative but a moral one. In this insightful book Driscoll and Pearl lay bare the clear benefits of paying a living wage. They expertly weave together data, personal stories and historical context to make the case for why paying a living wage is critical to creating an economy that is as inclusive as it is vibrant and restoring the American Dream. This book is a must-read for policy makers, business leaders and anyone who cares about building a better future for all Americans.”
Indra Nooyi, Former Chairman and Chief Executive Officer of PepsiCo, said,
“As a leader who believes in the power of people, I understand how fair wages ensure dedicated employees and build strong companies. Reforming the wage structure is not just about economists, it’s about ensuring the dignity and self-respect of every employee. Driscoll and Pearl make a compelling case for why it’s time for America to invest in our greatest asset – our people.”
James Carville, Democratic political consultant and strategist, said,
“Based on many decades of working in politics, I know that doing the right thing isn’t always a winning strategy. Pay the People makes a compelling case that raising the minimum wage is a winner in every way. Driscoll and Pearl show how raising wages for struggling workers helps businesses and the economy thrive, and argue that it is a winner for politicians. Over the past 25 years every time raising the minimum wage has been on the ballot – in red states and in blue – it’s won. It’s time for us to give American workers a raise!”
Pay the People! is published by The New Press. You can purchase a copy from Amazon, Barnes & Noble, and Bookshop.
To learn more about the book, visit paythepeople.com. For interview requests with John Driscoll, Morris Pearl, or other members of the Patriotic Millionaires, please contact Emily McCloskey at emily@patrioticmillionaires.org.
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