• On The Jim Bohannon Show: Why Walmart (Hearts) Food Stamps

    August 21, 2014

    Tags: , , , , ,
    Posted in: #99Percent, Economy, Minimum Wage

    Following my Reuter’s piece on how Walmart, McDonalds and others profit from food stamps, I joined radio host Jim Bohannon to discuss food stamps, the minimum wage, and more.

    According to Jim:

    When you slide into the drive-up lane at your local fast-food place and decide which of the ‘value menu’ items you choose, do you ever think about how the restaurant chain manages to keep those prices down? The fact is, you’re paying a higher price than is on the menu board. While you may get a quick, cheap burger and a dollar soft drink right away, on April 15 your tax dollars are going to pay for assistance programs helping the people who cook and serve your ‘cheap’ lunch.

    Employees in the fast-food industry, many of whom work at the minimum wage, are heavy recipients of Federal and state assistance, especially taking advantage of SNAP, the Federal food stamps program. According to our guest tonight, columnist and author Peter Van Buren, fast food workers claim public assistance at more than twice the rate of other employed people. In effect, the corporations running the fast food chains are reaping big profits while the taxpayer foots the bill for the assistance programs allowing those corporations’ employees to survive. ‘Think everything on a dollar menu costs a dollar? Think again.’

    Here’s the whole interview. My portion starts at 40:10 in.

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