Marketplace for Thursday, February 20, 2014
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Gap announces it will raise wages of its lowest-paid workers above the current minimum wage. Walmart and other chains are looking at doing something like this. We examine the factors that go into their decision making. Next, Facebook’s $19 billion bid for WhatsApp essentially means it’s paying $42 per WhatsApp subscriber. That’s $12 more per user than Facebook paid for Instagram. Finally, a new report on inequality from Brookings looks at which American cities have the highest and lowest rates of inequality. What impact does the gap have on vibrancy, and quality of life?
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Some quibbles with rankings
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More dead and captured in clashes between protesters and police.
Posted In: inequality, cities
A new report from the Brookings Institution tracks American cities with the highest and lowest rates of economic inequality. Some cities with less inequality look a lot like the suburbs.