A Global Minimum Wage Would Reduce Poverty and Corporate Power
Image by Arno Senoner.
In today’s world of widespread poverty and unprecedented wealth, how about raising the wages of the most poorly paid workers?
This October, the World Bank reported that “8.5 percent of the global population―almost 700 million people―live today on less than $2.15 per day,” while “44 percent of the global population―around 3.5 billion people―live today on less than $6.85 per day.” Meanwhile, “global poverty reduction has slowed to a near standstill.”
In early 2024...
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