Ralph Nader on Walmart’s Minimum Wage Increase
Ralph Nader explains that if the minimum wage of 1968 was adjusted for inflation, it would now be $11 an hour.
Walmart announces last week that it’s going to increase its minimum wage to $9 in April, and then a year later to $10…. It’s better than doing nothing. But it’s still less than Walmart workers got in 1968 in terms of purchasing power.
There are 30 million workers in this country today who make less than 1968 workers, adjusted for inflation. That’s a lot of workers.
This is going to be a big issue in the 2016 election. There is overwhelming popular support for our restoration of the minimum wage. Even Mitt Romney, Rick Santorum, Phyllis Schlafly, Bill O’Reilly… have come out for a higher minimum wage, because the right-wing thinks if people are paid more there’ll be lest burden on public assistance programs paid by the tax payer…. It’s a left-right issue.
The day is coming when Walmart’s recognition that it has too much employee turnover (that’s expensive), poor motivation by Walmart employees (that’s expensive), that it’s better to pay them at least what Sam Walton had to pay under federal minimum wage law in 1968.
— Ralph Nader
Want to add your voice for a higher minimum wage? Go to Time for a Raise. Sign the petition.