1. The Real Meaning of $9 an Hour.
- Author
-
Foroohar, Rana
- Subjects
CORPORATE finance ,MINIMUM wage ,EMPLOYEES ,RETAIL industry ,INCOME inequality ,LABOR market ,PUBLIC relations ,UNITED States economy, 2009-2017 ,WAGES ,ECONOMICS ,POLITICAL attitudes - Abstract
The author argues that retail chain Walmart-Stores Inc.'s decision to raise its base wage for employees to nine dollars per hour proves that America's economy is improving as of 2015. America's labor market is addressed in relation to the nation's economy and the incomes earned by retail industry workers in the U.S. The late automobile industry executive Henry Ford's views on employee absenteeism and raising wages are mentioned, along with public relations pressure and economic inequality.
- Published
- 2015