Archive for the ‘Social wage hikes’ Category

Walmart: The economic cost of social wage hikes …

October 16, 2015

Earlier this year, CNN reported (and editorialized):

Retail workers have just scored an unprecedented win against a retail giant.

Walmart, the nation’s largest private employer, announced that it will raise the wages of approximately 500,000 of its employees by lifting its base wage to $10 by 2016.

To be sure, Walmart’s announcement is an impressive development in the fight for better wages.

It’s a step in the right direction, but not enough.

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Let’s fast-forward to this week …

(more…)


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