A Global Minimum Wage Would Reduce Poverty and Corporate Power

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, the charity read more