If a briefcase of money fell in your lap, would you keep it, share it, or give it all away?
The new reality show The Briefcase is asking that question. But viewers and ethicists are asking more:
How could CBS put this on the air? Are there better ways to address the financial challenges of the middle class?
The hourlong show, which airs its fourth episode June 17, introduces two families each episode with the struggles of bills and not enough money coming in to achieve all their goals — whether dealing with a lost job, medical bills, or the potential costs of in vitro fertilization.
ON NOV. 5, 2013, the people of SeaTac, Wash., enacted the highest minimum wage in the country, $15 an hour, more than double the federal minimum wage of $7.25 an hour.
On Black Friday, the biggest shopping day of the year, Wal-Mart workers at more than 1,500 store locations conducted protests and informational pickets. Fast-food workers in more than 100 cities protested in front of McDonalds, KFC, and Taco Bell stores, calling for wage increases.
Across the U.S., a grassroots movement is blossoming to address the extreme inequality of wealth and wages. Led by low-wage workers and bolstered by faith community leaders, this movement is shining a spotlight on the glaring disparity of wages, wealth, and opportunity.
The wealthiest 1 percent of households, those with annual incomes over $555,000, now receives more than 21 percent of all income. Meanwhile, millions of low-wage workers subsist on the federal minimum wage, which is $15,080 a year for a full-time worker. As a result, many low-wage workers depend on charity and public subsidies such as food stamps and Medicaid to survive.
If the minimum wage had kept up with inflation since 1968, it would now be $10.74, enough to boost a family of three over the federal poverty line, according to the Economic Policy Institute. If the minimum wage had increased at the pace of worker productivity, it would be $18.72 an hour today.
Federal legislation has been introduced to raise the minimum wage over three years to $10.10. Polls indicate broad public support for this proposal. Seventy percent of people in the U.S. said they supported raising the federal minimum wage, according to a CBS News poll in December 2013. But this proposal faces bleak prospects in our gridlocked Congress.
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The Tea Party Express -- the traveling band of conservative speakers, entertainers, and organizers -- stops in Washington, D.C., today on its nationwide effort to "vote them out of office" in the 2010 mid-term elections. Sarah Palin, one of the most galvanizing conservatives in years, has joined the Express in an attempt to bring more mainstream conservatives into its ranks.