Labor News

Jesuit Father James Martin addressed the Catholic Finance Association in New York on Oct. 7. The address appears on the America magazine web site (Oct. 8, 2014). He spoke on the topic of just wages through the prism of Catholic social teaching and in light of the gulf in income between the CEO, the average worker and minimum wage worker. He cites statistics in the US indicating that CEOs “make something like 300 times as much as the average worker, and 700 times that of the minimum-wage earner.”

He ends his remarks with the following question: “What do you want to say to Jesus when you reach the gates of heaven? Do you want to say that you took as much as you can, even as much as the market would bear, because your board okayed it?  Or do you want to say you accepted what you thought was just, and understood the needs of your fellow men and women, who may have worked even harder than you?”

For Fr. Martin’s entire address and comments that follow, click here.