What's going on, Albuquerque?
Ha! They have almost the same El Rey pic as I posted here. Small simple minds think alike! D
I noticed that Dee! Happy Thanksgiving to you!
You too Adelita!
Granjero, I don't think those two things are contradictory. If people are paid a decent enough wage that they can spend money in their local economy, then the economy does better, creating more job opportunities for more people.
I'm always surprised that Republicans, who descry the welfare state that includes Medicaid, food stamps and other public assistance, aren't completely pissed off that Walmart pays its full time workers such low wages that they have to rely on public assistance to get by. Walmart posted a net income of $15 billion in 2011. Why on earth would their employees need food stamps to survive?! The American taxpayer subsidized a huge chunk of that profit, by picking up the slack so that Walmart can continue to pay crap wages. So is "welfare" ok for corporations, but not for people?
And if you honestly feel that way about it, I'm sure Walmart is always taking applications.
I actually didn't use the phrase "living wage" anywhere in my post, but I'll explain anyway. In terms of what a living wage ought to be, it doesn't matter at all what I think, since there are economists and mathematicians who use facts and numbers to determine that rate accurately in terms of reality. Firstly, a living wage will vary from place to place, as it's based on calculations that include the costs of housing, food, childcare, transportation, health care and taxes. The costs of these things will obviously be different for a city like New York versus a city like Socorro. There are multiple economic orgs that calculate living wages, but a great resource is here.
It's a calculator that looks at the bare minimum that an individual or family would need to pay for basic necessities without relying on public assistance (or putting themselves into debt via credit cards, etc). In order to do that in Albuquerque for a family of 4, you'd need to make $18.50 an hour. A single adult would only need to make $8.47 per hour, which, in reality, still leaves him short at the end of a 40 hour work week if he's only making the minimum wage of $7.50.
When one becomes aware that the CEO of Walmart took home $17 million dollars last year or $8,461 an hour--which doesn't include stocks, retirement, healthcare benefits package, etc--it's absolutely insane that a majority of his employees have to rely on food stamps, Medicaid and/or housing subsidies just to get by. The only calculation I've seen numbers for estimates that Walmart employees collect roughly $2 billion dollars worth of federal and state aid to make up for the shortfall in their wages. We underwrite Walmart's profits to the tune of $2 billion. There's nothing "free market" about that.
Baker Architecture + Design, a Duke City firm, has been hired to do the project.
Congrats - to a longtime DCFer
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