[ame=http://www.youtube.com/watch?v=vAcaeLmybCY]If Walmart Paid Its Employees a Living Wage, How Much Would Prices Go Up? - YouTube[/ame]
You can bash the concept before watching the video, which was my first reaction. However, the video points out that raising a Walmart employee at the minimum wage to the so-called "living wage" of $13.63 would cause Walmart to have to raise prices by $0.01!
Thoughts?
It then makes, what I believe is an erroneous claim, that if they raised the amount then people would go off of food stamps. I think it is erroneous, because I believe they still qualify at that low level.
You can bash the concept before watching the video, which was my first reaction. However, the video points out that raising a Walmart employee at the minimum wage to the so-called "living wage" of $13.63 would cause Walmart to have to raise prices by $0.01!
Thoughts?
It then makes, what I believe is an erroneous claim, that if they raised the amount then people would go off of food stamps. I think it is erroneous, because I believe they still qualify at that low level.