One of the ills of American capitalism is the growing concentration of wealth in the hands of a few. At this very moment, the gap between rich and poor has never been wider, and it is only growing. As we are unable to even broach the discussion of maximum wages, we frequently argue over raising the minimum wage. These conversations quickly turn to ad hominems … Continue reading We Don’t Need or Want an Underclass to Look Down On
A bill that could increase the wages of 29% of workers in Massachusetts has sat in committee for almost a year. The legislation, which was filed by Senator Ken Donnelly of Arlington, now deceased, and Representative Dan Donahue of Worcester, would increase the state’s minimum wage by $1 a year until it is $15/hr in 2021. At that point, it would be indexed to the … Continue reading Why is Legislation to Raise the Minimum Wage in Massachusetts Stalling?
Let’s talk about the incentives in the new tax bill for employers to raise workers pay. Here is a concrete example. Say I own a small bar where people come and drink beer after work. Suppose I gross (on average) $1,000 per day in sales, the bartender gets paid $4,000 per month, I spend $10,000 per month on other fixed costs and $8,000 per month … Continue reading Does the New Tax Bill Provide More Incentives to Give Workers Raises… or Less?
The strength of any state is its people. To succeed and grow, a state needs its citizens to be engaged, both civically and economically.
We have a wage problem in the United States. Our current system is not working. It is harming our economy and money is not going to those who need it most but to the wealthiest.
How we treat the least in society reflects our values. As a nation, we need to ask ourselves what it really means to be a citizen in America? In fact, we should go further as ask what it means to be a human.
This morning the Patriotic Millionaires took to the streets once again to fight for a fair minimum wage. Vice-chair Stephen Prince spoke at a rally to raise the minimum wage alongside Senators Bernie Sanders, Patty Murray, and Chuck Schumer.
The purpose of the American minimum wage is to ensure that all Americans are able to earn enough money to provide for the basic needs of themselves and their family.
Tuesday the Patriotic Millionaires took to Annapolis to fight for a fair wage as the Economic Matters Committee in the Maryland House of Delegates began hearings on a bill to raise the state minimum wage to $15 an hour.
Today Patriotic Millionaire TJ Zlotnitsky stood with a coalition of groups at the Maryland State House calling for a statewide minimum wage of $15 an hour. He delivered the following remarks:
Housing and Urban Development Secretary Ben Carson made three grave mistakes on Tuesday with his comments.
Representative Rick Mulvaney, Trump’s pick to head the Office of Management and Budget, is under fire for failing to pay more than $15,000 in payroll taxes for a nanny he employed between 2000 and 2004.
President Trump has nominated Hardee’s and Carl’s Jr. owner Andrew Puzder to lead the Department of Labor for the next four years. Should Congress approve or reject this nomination? A brief look at the functions of the Department of Labor and Puzder’s background supplies the obvious answer: Puzder cannot become the Secretary of Labor. Congress established the federal Department of Labor in 1912. The legislation … Continue reading Abandoning America’s Workers, Starting at the Top
We need to explain why we believe that raising the income of working Americans is good, not just assert that it is.
Companies with employee partners don’t bother with phony empowerment — offering low-paid employees titles like “associate” or “team leader.” They share real wealth and power.
Let’s assume that maybe these business leaders haven’t seen the piles of reports and data proving their claims to be wrong. This quick fact check should help them clear up some of the biggest concerns/lies/myths RE: raising wages…
Patriotic Millionaire Stephen Silberstein is leading an effort to shine a light on exorbitant pay packages through a shareholders resolution at BlackRock Inc., one of the largest fund managers in the world.
Rensi leads his argument with the statement that proponents of raising the minimum wage have a fundamental misunderstanding of the service industry. Rather, it turns out that Rensi has a fundamental misunderstanding of economic reality.
What if more major companies shared the wealth with the employees who helped build them? If more enterprises valued their employees, not just with living wages but also with ownership stakes, we’d have considerably less inequality.
A stronger middle class means higher spending power, a growing economy, and the creation of jobs. More importantly though, we benefit when we have a middle class that has less stress and more dignity. It’s a value decision that will keep us moving forward as a democracy.