LJR and Other Publications
On the other hand, many corporations are posting record-breaking profits. The Wall Street Journal reported earlier this year that, after sinking from 2007 to 2009, corporate profits had successfully caught up to their pre- recession peak by the beginning of 2010 – and that by the third quarter of 2011, total profits for U.S. corporations reached a new record high of $1.97 trillion.
This report examines the connection between these opposing extremes of stagnant wages and soaring corporate profits. While a great deal of attention has been directed at the role of Wall Street and the financial sector in driving economic inequality in the U.S., it is important to recognize that the top low-wage employers also bear responsibility for the growing disparity between corporate profits and worker compensation.
Download the Diners’ Guide, the Consumer Toolkit for Spreading the Word, and Tip Cards about the Diners’ Guide to hand out to restaurant owners and workers when you go out to eat.
Extensive research refutes the claim that increasing the minimum wage causes increased unemployment and business closures.
- Recent minimum wage raises are too little, too late.
- The minimum wage is a poverty wage instead of an anti-poverty wage.
- The minimum wage sets the wage floor. A low minimum wage institutionalizes an increasingly low-wage workforce.
- A low minimum wage reinforces a growing gap between haves and have-nots.
- Workers are also consumers. The long-term fall in worker buying power is one reason we are in the worst economic crisis since the Great Depression.
- Raising the minimum wage lifts workers, business and the economy.
- $10 in 2010 will break the cycle of too little, too late raises.
- $10 in 2010 will make up ground lost in minimum wage buying power since 1968.
- $10 in 2010 will bring us closer to the Fair Labor Standards Act “minimum standard of living necessary for health, efficiency and general well-being of workers.”
- $10 in 2010 will strengthen the eroded foundation under our families, communities and economy.
- A job should keep you out of poverty, not keep you in it.
- Steps for organizing a living wage service or community event
- Organizing/advocacy tools for minimum wage and living wage
- Readings, prayers and handouts from various faith traditions
- Working Family testimonials and Business Voices
- Sample Op-Eds and Letters to the Editor
- Fact sheets, charts, quotable quotes and much more
Makes a powerful economic and ethical case for raising the minimum wage and moving the United States from a low-road economy to the high road. Counters all the arguments against raising the minimum and offers vital insight into why the minimum wage is so important.