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13min chapter
Bloomberg Businessweek Weekend - January 3rd, 2025
Bloomberg Businessweek
The Wage Disparity Dilemma
This chapter examines the misalignment of incentives in capitalism, focusing on the struggles of working-class wages and the importance of equitable pay. It discusses the impact of wage disparities, particularly in the restaurant industry, and advocates for legislative changes to support a living wage for all workers. The chapter highlights successful corporate wage increases leading to improved employee retention and calls for urgent actions to address wealth inequality and its implications for democracy.
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