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we've been talking for a while Lewis about mcdonald's and other large
corporations that
pretend to be self sufficient drivers if the economy when actually being
wrist huge recipient to federal aid and Barry Ritholtz
on Bloomberg dot com rodin awesome article called how McDonald's and
wal-mart
became welfare queens and it quantifies so much of what we've been talking about
it talks about how
mcdonald's and American up fast food workers receive more than $7 billion
dollars in public assistance
Walmart alone is the nation's largest private sector employer
and the biggest consumer of taxpayer-supported
aid which is just unbelievable on average
each Walmart associate is paid so little
that they receive a thousand dollars in public assistance
the ruses up Lewis we know that it is a joke that these big corporations
are simply adding to the economy they're taking away
huge amount in federal aid because
over the horrible wages and and situations that they put their employees
in
yeah and you know what their prices aren't even that great to be perfectly
honest abe there's no way would even out
I clearly it's it's totally destructive some solutions increase the minimum wage
that's the most most likely to happen the next proposal that berry writes
about his charge back the amount of public assistance to the company just as
a straight up fine you gotta pay back
the amount of public assistance we give your employees and the most radical one
that will never passes guarantee everybody in america a minimum salary
that's being discussed in Switzerland probably not going to happen here