Justice Archives - KDA Keeping Democracy Alive Podcast & Radio Show · Burt Cohen

A Global Minimum Wage = a Stronger Worldwide Economy

·59 min·1 clip

Five billionaires doubled their wealth to $869B while nearly a billion people live on $2.15 a day. A global minimum wage might be the only way to stop the bleeding.

Lawrence Wittner argues that a global minimum wage is a realistic solution to prevent the 'race to the bottom' in labor exploitation and address unprecedented wealth inequality. Drawing on Keynesian economics and the fact that 90% of nations already have minimum wage laws, he explains how globalizing wage floors would expand consumer markets and reduce economic instability.

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