McDonald's will drop opposition to increases in the federal minimum wage

US federal law sets the national minimum wage at $7.25/hour, a number that hasn't budged for a decade and is in part responsible for the nation's wage stagnation, which has seen working peoples' earnings falling in real terms, while productivity grew, the stock market surged, and the richest grew much, much richer. Read the rest

Jeremy Corbyn proposes ban on dividends from companies that don't pay living wages

The left-wing leader of the UK Labour Party has set out a pair of proposed reguations for British limited liability corporations that will challenge their ability to sponge off the tax-payer and enrich themselves and their shareholders in so doing. Read the rest