May 28 2014
A new Associated Press study of CEO pay has found that for the first time, corporate executives’ annual compensations have surpassed the $10 million mark. The study comes just weeks after the National Employment Law Project found that the fastest growing sector of the post-recession job market was low-wage fast food jobs.
At a time when the US Congress cannot even raise the minimum wage, Seattle’s City Council has taken the unusual step of raising its minimum wage to $15 an hour. While this certainly seems like a progressive victory, the devil is in the details. Seattle’s bill is so complex, that it is questionable whether workers will benefit immediately and directly. Seattle’s City Council boasts a prominent socialist member, Kshama Sawant, who won her seat on the promise of economic justice.
GUEST: Arun Gupta, an Independent Journalist and regular contributor to the Guardian, In These Times, The Progressive, and Truthout, and co-founder of the Occupied Wall Street Journal and the Indypendent. He’s a frequent contributor to this program.