“When companies pay too little for workers to provide for their families, workers rely on public assistance programs to meet their basic needs,” Ken Jacobs, chair of the labor center and co-author of the new report said in a press release.
Thus, at the state and federal level, the US government subsidizes companies that pay poverty wages, to the tune of $153 billion per year.
According to the report, workers in a diverse range of occupations systematically rely on public assistance, and in staggering proportions, including frontline fast-food workers (52 percent), childcare workers (46 percent), home care workers (48 percent) and even part-time college faculty (25 percent).
While Wall Street executives are making record bonuses, four out of 10 bank tellers in New York City are forced to rely on some form of public assistance because their wages are too low to survive.
He will go off and collect tens of millions in backend bribes from his crony banksters in the form of “speaking fees”.
IMF report: No end to economic