Retail's Hidden Potential: How Raising Wages Would Benefit Workers, the Industry and the Overall Economy | Demos | Psycholitics & Psychonomics | Scoop.it

<a href="http://www.demos.org" title="Demos | "><img src="http://www.demos.org/sites/default/files/imagecache/data-byte-medium/data_bytes/RetailsHiddenPotential_DB.png" alt="" title="" class="imagecache imagecache-data-byte-medium" width="74" height="263" /></a>

 

 

'America’s largest retailers play an important role in our nation’s economy and in the well-being of millions of their workers’ lives. It has become conventional wisdom that retail workers must be paid low wages.

 

Yet our study, adding to a growing body of research, demonstrates that retailers could provide the nation a needed economic boost by paying higher wages, while remaining profitable and continuing to offer low prices.

 

After years of slow economic growth and income stagnation or decline, retail can help put America back on track, creating meaningful gains for household budgets, GDP, employment, and their own outlook for growth.'

 

from Demos: A policy and advocacy center producing research, policy proposals, strategic litigation, and commentary at the intersection of government, the economy and democracy. Publishes PolicyShop.net and supports the next generation of progressive leaders.