For Immediate Release
Peter Rossi, email@example.com, 714-337-9358
Patriotic Millionaires on Walmart's Minimum Wage Announcement: Only Congressional Action Will Ensure a Living Wage
"Now more than ever these workers need a raise, not half-measures designed for favorable press coverage"
WASHINGTON - Today, Walmart announced that they would boost the average hourly wage of their employees to over $15 dollars an hour.
In response, Morris Pearl, the Chair of the Patriotic Millionaires, former managing director of BlackRock, Inc., and author of the upcoming book Tax the Rich, issued the following statement:
SCROLL TO CONTINUE WITH CONTENT
We must raise $75,000 during our Winter Campaign. Can you help?
The 1% own and operate the corporate media. They are doing everything they can to defend the status quo, squash dissent and protect the wealthy and the powerful. The Common Dreams media model is different. We cover the news that matters to the 99%. Our mission? To inform. To inspire. To ignite change for the common good.
"While we celebrate that Walmart has decided to raise the wages of some of its employees, this announcement underscores why we need to raise the federal minimum wage. Walmart still only has a minimum wage of $11 dollars an hour - bringing the average wage up to $15 dollars an hour is great, but it still leaves behind hundreds of thousands of its employees stuck below that average. These workers have been on the front lines of the COVID-19 pandemic throughout this unprecedented crisis and many of them struggle to make ends meet on a wage so low that they qualify for federal poverty assistance.
America's businesses, including Walmart, will all benefit from raising the minimum wage for everyone, which will mean that all of their customers, not just their own workers will have more money, and be able to spend more. We need the law changed, to put all businesses on an even playing field. We urge Congressional leaders to swiftly pass a national $15 dollar minimum wage as part of President Biden's economic stimulus package. Now more than ever these workers need a raise, not half-measures designed for favorable press coverage."
This is the world we live in. This is the world we cover.
Because of people like you, another world is possible. There are many battles to be won, but we will battle them together—all of us. Common Dreams is not your normal news site. We don't survive on clicks. We don't want advertising dollars. We want the world to be a better place. But we can't do it alone. It doesn't work that way. We need you. If you can help today—because every gift of every size matters—please do. Without Your Support We Simply Don't Exist.
Please select a donation method:
Proud “traitors to their class,” members of the Patriotic Millionaires are high-net worth Americans, business leaders, and investors who are united in their concern about the destabilizing concentration of wealth and power in America. The mission of The Patriotic Millionaires organization is to build a more stable, prosperous, and inclusive nation by promoting public policies based on the “first principles” of equal political representation, a guaranteed living wage for all working citizens, and a fair tax system.