Economist Emmanuel Saez's latest paper says that the share of wealth going to the bottom 90 percent has fallen to where it was in the 1940s, while the top tenth of 1 percent have levels of wealth last seen in the 1920s.
Walmart is reaping the fruits of its leadership in the low-wage economy. It would do better if it did right by its workers, some of whom went to its family foundation office in D.C. to demand full-time work and a $15 wage.
It's probably unrealistic to expect that Congress would drop its campaigning and come back to Washington to vote on a minimum wage increase. But unrealistic is not the same as unreasonable.
About Isaiah J. Poole
Isaiah J. Poole has been the editor of OurFuture.org since 2007. Previously he worked for 25 years in mainstream media, most recently at Congressional Quarterly, where he covered congressional leadership and tracked major bills through Congress. Most of his journalism experience has been in Washington as both a reporter and an editor on topics ranging from presidential politics to pop culture. His work has put him at the front lines of ideological battles between progressives and conservatives. He also served as a founding member of the Washington Association of Black Journalists and the National Lesbian and Gay Journalists Association.