*** NEW AWARD***
My book ETHICAL CHIC: The Inside Story of the Companies We Think We Love
has just been named one of the Best Business Books of 2012 by Library Journal
This book analyzes six well-known companies that are seen as socially responsible and hip, to see if they really deserve their sterling reputations.
Find out the real story about Starbucks, Apple, Trader Joe’s, American Apparel, Tom’s of Maine and Timberland:.
I am a prize-winning author and journalist with over 20 years of experience specializing in health care, retirement issues, and the nexus between business and public policy. I write regularly for The New York Times, Newsday, The Scientist, Institutional Investor, and more
You Don’t Want To Raise the Minimum Wage? Fine, Here’s Another Idea
The New York Times, July 25 and 24, 2015
Doesn’t anyone put two and two together? This week brought a slew of new regulations, laws, and proposals to boost the minimum wage to $15 an hour. It also brought new stats on the widening pay gap between the 10% and the 90%. Raising the minimum wage is indeed a good start — and anything regarding labor that Wisconsin Governor Scott Walker hates, must be a great idea — but it doesn’t help middle-class Americans who are watching the millionaires soar ahead. And small business owners do point to a valid concern that (in some cases) the higher minimum could force them to fire workers or go out of business. The all-in-one solution: Hike taxes on the wealthy. No, it won’t discourage entrepreneurs from starting new businesses. Puh-leeze. A Wall Street bigwig told me years ago that he doesn’t do all his M&A and investment deals to make money; he’s got plenty. He does it for the thrill. And he’ll keep doing them even if he pays a few thousand dollars more a year in taxes. Meanwhile, the proceeds of this tax could help subsidize the cost of a higher minimum wage for local small businesses; pay for more low-interest student aid and loan forgiveness; also pay for the infrastructure, like mass transit, that people need to reach their jobs; and while we’re at it, this step will also start to equalize the take-home pay differential.