NYcarbineer
Diamond Member
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.
So if Wal MArt could raise wages that much and only charge one penny more, why haven't they done that? Wouldn't they want to attract better workers, who will show up on time more and make fewer mistakes? Is Wal Mart, the most successful retailer in history, run by stupid people?
They haven't because Walmart's management is there to maximize profits. And the shareholders say who runs the company.