Tag: Minimum Wage

Preying on Our Paychecks

Payroll cards can cost low-wage workers an hour’s pay per week.

Labor Day weekend should be a time for Americans to celebrate the economic achievements of workers with barbecues and beach trips. But with U.S. corporations routinely taking advantage of their low-wage employees, we might as well rename it Labor Exploitation Day.

The truth is, our workers have suffered mightily in the last few years. The $7.25 minimum wage hasn’t been raised since 2009. And thanks to the latest corporate cheap trick, even that paltry sum has been further eroded.

Big-name chains like McDonald’s, Walmart, and Darden Restaurants (of Olive Garden and Longhorn Steak House fame) are now issuing ATM-style “payroll cards” instead of regular paychecks.

Trump’s Economic Plan: Higher Taxes, Higher Inflation, and Higher Minimum Wage

It was only days after Donald Trump clinched the Republican nomination that the mask (such as it was) came off. Suddenly he was telling multiple interviewers that he could be talked into raising taxes, boosting the minimum wage, and printing enough money to pay the national debt in cheap dollars.

“On my plan [taxes are] going down. But by the time it’s negotiated, they’ll go up,” Trump said. “In my opinion, the taxes for the rich will go up somewhat.”

As for the minimum wage, he talks like Obama, completely uninterested in market forces, as if what people are paid is purely at the discretion of political managers: “I think people have to get more… I don’t know how you live on $7.25 an hour.”