At some point, legislative influencers will realize that they have to act on raising the federal minimum wage. What kind of deal will they strike? Politicians could have much to lose. Democrats will have much to prove.
This Monday, on Martin Luther King holiday, Oxfam released its annual report on inequality. The report found that the world’s 62 richest people now own as much wealth as the “the bottom half of humanity,” – some 3.6 billion people.
In his final State of the Union address, President Obama spoke strongly about workers rights and economic inequality, saying that it is up to we the American people to create change in our land — that we’ve done it before, and can do it again.
One month ago, the Patriotic Millionaires for Fiscal Strength participated in the #BrownBagBoycott in solidarity with cafeteria workers in the U.S. Senate who are underpaid, calling for a minimum wage of $15.
The scene in the Senate cafeteria Wednesday was the very definition of cognitive dissonance: A group of wealthy businessmen seated shoulder-to-shoulder with white-collar office workers and Congressional maintenance men in work coveralls. Munching on brown-bag lunches, the tycoons argued that pay for the maintenance men, and hourly workers like them, should double, even though the hike would eat into their own bottom lines.
The Patriotic Millionaires released the following statements in response to the comments made regarding minimum wage at last night’s Republican debate by Mr. Donald Trump, Dr. Ben Carson, and Senator Rubio.
Patriotic Millionaire and Amalgamated Bank CEO Keith Mestrich was profiled in the Washington Post for the banks responsible practices and commitment to workers.
Far too many business leaders today define the success of their company solely by the profit it generates. That’s one reason why so many Americans are losing faith in major corporations – they’re tired of seeing a mentality that puts profit before people, whether those people be the companies’ employees or their fellow citizens.
The Republicans in the United States House of Representatives are working on a bill to prevent the Obama administration from passing rules requiring people who work with peoples’ retirement accounts (IRAs) to act in their clients’ best interest.
The National Labor Relations Board just released a ruling that, according to Forbes, “could end contract labor as we know it.” The board essentially decided that two (or more) companies could be considered “employers” if they jointly determined the terms and conditions of employment.