Positive Future #430 (Feature photo – Target Retail Store – CCA SA 2.0 Generic)
There is a connection between wage increases and solving hunger in America. Target, with over 1,800 stores and over 300,000 employees is the 8th largest U.S. retailer. With almost 50 million Americans food insecure, every dollar helps. For full time employees, an extra $1.00 per hour equates to roughly $176 more per month.
This news should also be good news for the financial system and Wall Street companies. Putting more purchasing power into the hands of workers stabilizes the nation’s debt loads and allows people to buy what Wall Street companies have to sell.