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Wal-Mart Says ‘Looking’ at Support
of Minimum Wage Raise

Bloomberg News, by Renee Dudley

Original Article

Posted By:Drive, 2/20/2014 8:09:43 AM

Wal-Mart Stores Inc. (WMT), the largest private employer in the U.S., said it’s looking at supporting an increase in the federal minimum wage, breaking with business and industry groups that oppose such a measure. Wal-Mart is weighing the impact of additional payroll costs against possibly attracting more consumer dollars to its stores, David Tovar, a company spokesman, said today in a telephone interview. Increasing the minimum wage means that some of the 140 million people who shop at the chain weekly would “now have additional income,” Tovar said.

      


Post Reply  

Reply 1 - Posted by: civilservant, 2/20/2014 8:25:09 AM     (No. 9739503)

Well Wally when the %39 increase in the minimum wage reduces employment amongst your biggest customers-low end shoppers- resulting in a large percentage decrease in customer visits/sales you let me know how that Unicorn thinking turned out for ya´.


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Reply 2 - Posted by: country boy, 2/20/2014 8:29:53 AM     (No. 9739510)

If Walmart is raising wages, they are also cutting payroll. Can´t get blood out of a stone.

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Reply 3 - Posted by: SpeedMaster, 2/20/2014 8:30:40 AM     (No. 9739512)

Walmart (in most cases) pays more then minimum wage, IMHO they are really looking into whether this would weaken their competition.

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Reply 4 - Posted by: Keekng, 2/20/2014 8:41:12 AM     (No. 9739526)

Bingo! #3 hit the nail on its head.

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Reply 5 - Posted by: arcady, 2/20/2014 8:41:18 AM     (No. 9739527)

I wonder how much Wal-Mart gets from the unemployed. With the story the other day about unemployment increasing if the Minimum Wage goes up. Do you think they´d like more unemployment?

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Reply 6 - Posted by: MattMusson, 2/20/2014 8:41:42 AM     (No. 9739528)

WalMart is the shopping destination of minimum wage workers. They are seeing sales tumble and are panicking.

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Reply 7 - Posted by: Rama41, 2/20/2014 8:43:27 AM     (No. 9739533)

If WalMart wants to raise the minimum rate it pays its employees, that´s a proper business decision. If WalMart thinks its the federal government´s role to impose that rate, it´s wrong.

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Reply 8 - Posted by: Keekng, 2/20/2014 8:44:50 AM     (No. 9739535)

#5 has a somewhat valid point however it is the current administrations philosophy that unemployment is a good thing. Sperling and Pelosi said so.

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Reply 9 - Posted by: southernboy, 2/20/2014 9:13:02 AM     (No. 9739571)

Exactly, #7! If Walmart, or any other business, wants to pay above minimum wage, have at it! If they want to pay good workers above minimum wage and poor workers at minimum wage... good for them! Shouldn’t be a big deal!

Why does everything have to be so complicated!?

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Reply 10 - Posted by: Blue-Z-Anna, 2/20/2014 9:13:07 AM     (No. 9739573)

Just like with ´climate change´, the trick is to take whatever happens and call it a victory.

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Reply 11 - Posted by: nycvoter, 2/20/2014 9:50:58 AM     (No. 9739621)

As bad as raising the minimum wage is for the economy it totally takes the wind out of the sails for the amnesty argument. Once those illegals become legal, you would have to pay minimum wage. I say screw the chamber of commerce, raise the minimum wage and kill amnesty. I´m sure I´ll get an earload for this but it would really defeat the purpose of legalizing 30 million aliens.

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Reply 12 - Posted by: drcopela, 2/20/2014 9:54:53 AM     (No. 9739627)

A Wal Mart greeter told me that the welfare people are the majority of their customers.





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Reply 13 - Posted by: alaskaal, 2/20/2014 9:58:03 AM     (No. 9739632)

Wal-Mart is an unethical pox upon any local business community. Whatever Wal-Mart´s intentions they are self-centered and evil.

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Reply 14 - Posted by: Keekng, 2/20/2014 10:06:47 AM     (No. 9739664)

There is absolutely nothing "unethical" about selling products for less money than your competitor.

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Reply 15 - Posted by: Salt5792, 2/20/2014 10:10:45 AM     (No. 9739669)

Disgusting. I´m switching my shopping to Target.

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Reply 16 - Posted by: MamaElephant, 2/20/2014 10:22:36 AM     (No. 9739687)

Am I the only one who´s noticed that Wal-Mart has gone whole-hog in with the administration and is as cronied up as GE or GM these days? They announce they´re hiring vets? Why? Well, because Michelle Obama asked them to, that´s why. They fell right in line on her nutrition stuff, too, didn´t they? And when the EBT cards had unlimited balances and food stampers were cleaning out a store, of course it was Wal-Mart, because the cultivate that business. What would happen to their balance sheet if SNAP benefits were reduced. Who knows, maybe Obama pals Beyoncé and Jay-Z will show up and hand out gift cards so customers can buy their new album again!

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Reply 17 - Posted by: Keekng, 2/20/2014 10:36:10 AM     (No. 9739715)

Walmart is exercising an age old, successful, strategy... Keep your friends close and your enemies closer.

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Reply 18 - Posted by: BaseballFan, 2/20/2014 10:43:53 AM     (No. 9739725)

#3 has it - this is a business decision for WalMart, nothing more. Survival of the fittest.

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Reply 19 - Posted by: broken01, 2/20/2014 11:31:15 AM     (No. 9739792)

People Wal-Mart made over 470 billion dollars last year. They are looking into this minimum wage nonsense to see the effect it would have on places like Target and K-Mart nothing more.

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