Low wages means the State subsidies
I read a very interesting article on the Forbes web site this morning by Clare O'Connor about a report by the Americans for Tax Fairness - that suggests that Walmart Workers cost taxpayers $6.2 billion in public assistance. The report argues that by paying low wages the State is therefore subsidizing the company and any company with food stamps, Medicaid and subsidized housing. It is isn't something that I had seen so starkly put before but I think as we look more and more at the growing income inequality and the attacks on the state by some on the political right it is something people should be more aware of. Although the article focuses on Walmart it applies to so many companies that are paying around the minimum wage while at the same time making huge profits and paying their top management/directors very well. To put it very starkly your taxes are enabling companies to continue to pay low wages. In 2012 the gap between the richest 1 percent and the remaining ...