Thursday, February 21, 2013

The impact of an extra 15 cents

Would you be willing to pay an additional 15 cents each time you shop at a retail store—a little less than $18 per year—in order to achieve the following benefits for American workers and our national economy?
Lift the family income of over 734,000 full-time retail workers and their families who are currently living in poverty to above the federal poverty line.
Increase the family income of an additional 769,191 full-time retail workers from just above the poverty line to 150 percent of the poverty line.
Increase the Gross Domestic Product between $11.8 and $15.2 billion over the next year.
Create 100,000 to 132,000 additional jobs.
Generate $4 to $5 billion in additional sales across the retail sector.
That’s the estimated impact on family income and our national economy of increasing the lowest wage paid a full-time, year-round worker at retail companies employing at least 1,000 workers from around $19,000 per year to $25,000 per year.
What do you say?  Are you willing to pay 15 cents more per shopping trip to help out your fellow Americans?

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