Bernie Sanders's latest legislative proposal is the Stop Walmart Act; Sanders describes Walmart as the "poster child for corporate greed" and uses that as a launching point to propose a ban on stock buybacks from companies unless they pay their lowest-waged employees $15/hour.
It's a followup to his Stop Bezos Act, a proposal that ultimately shamed Amazon to raising its minimum wage to $15.
In a call with reporters, the independent senator from Vermont reiterated his praise of Amazon, saying that he believes every worker impacted by the change saw their overall compensation rise, with some employees seeing huge pay increases of up to 50%.
Sanders has also called out other profitable companies, including American Airlines and McDonald's, for paying low wages.
Bernie Sanders unveils Stop Walmart Act [Tami Luhby/CNN Business]
Smarter people than me have pointed out that "work-life balance" says the quiet part out loud, implicitly confirming that you stop living when you're at work. Miles Matrix's Dungeons and Deadlines makes all this much realer with acerbic wit and rockin' chiptunes. My spouse left me after five turns. (via Four Short Links)
The China Law Blog (previously) is one of my favorite sources of insight into the secret workings of the businesses that produce the majority of the world's daily-use goods.
About five years ago, I was trying to get a bunch of Big Tech companies to take the right side of an urgent online civil rights fight, and I called an old friend who was very senior at one of the biggest tech companies in the world; they told me that it wasn't going to […]
When you were 10 and your mom demanded you finish your vegetables or go to your room, you were mad. Even as kids, we hated it when we were ordered to do something. Car insurance is a federal mandate, yet that’s only one of the reasons why most Americans would rather do just about anything […]
We all know the drill. As the overlords of the smartphone and tablet markets, the braintrust at Apple very seldom hold sales on their signature devices. So rather than spending almost $1,000 on a brand-new iPad Pro, the folks in Cupertino are instead giving you the opportunity to score one for about a third of […]
Entrepreneurs looking for new avenues to reach customers may not have considered one of the fastest-growing content mediums today: podcasting. And we don’t mean just dropping an advertisement for your product or service in the middle of a popular show. Right now, there are about 850,000 active podcasts reaching 165 million Americans. Those listeners are […]