By Doug Porter
The national ‘conversation’ about inequality shifted a bit this week with a press release from fast food giant McDonald’s announcing it was planning a pay raise for employees of its company-owned stores.
The significance of the announcement isn’t the extra dollar on top of whatever is the local minimum wage for the less than 10% of the company’s workers. WalMart, Target, and a growing number of other large retailers operations have made similar announcements in recent months.
These pay increases are too little, too late. A study released by Americans for Tax Fairness earlier this week says increases to $9 (in 2015) and even $10 (in 2016) will still leave workers dependent on food stamps, Medicaid and six other taxpayer-funded programs to survive. And McDonald’s announcement has simply added fuel to the fire in the bellies of low wage workers planning on staging protests nation-wide on April 15th. [Read more…]
