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]
Thomas Piketty, the French economist behind 2014's game-changing Capital in the 21st Century, has a new book, Capital and Ideology (out in France now, coming in English in 2020), which uses the same long-run economic series that Capital 21C benefited from to understand the relationship between wealth and ideology. Central to Piketty's thesis: that it's […]
AB5 is about to pass the California legislature: it forces companies like Lyft and Uber to comply with the longstanding Dynamex decision and treat their employees as employees.
The NCAA is notionally an "amateur" league, but the only thing amateur about it is that the athletes (who risk their health and even their lives) are unpaid, while the universities effectively own and operate wildly profitable pro sports teams.
Studies have shown cannabidiol (more popularly known as CBD) to be effective in two main areas: Pain relief and stress relief. Both of those make the non-psychoactive, cannabis-derived compound a natural for topical creams. There’s no shortage of CBD products out there, but here’s eight of our favorites, all specifically designed for dermatological use – […]
If you’re part of the maker community, you know Make:. Though Make: magazine is off the shelves as of this year, the eBooks and resources put out by Maker Media are still a fantastic resource for the new generation of tinkerers, hackers, and robotics geeks. If you’re in that tribe, listen up: they’ve released a […]
Life isn’t getting any less hectic, and pressure cookers are a quick, healthy solution for a growing number of kitchens. But if you thought your Instant Pot was versatile, there’s a major upgrade on the market: The Yedi 9-in-1 Total Package Instant Programmable Pressure Cooker. If you’ve somehow never used a pressure cooker before, try […]