Wyatt earp
Diamond Member
- Apr 21, 2012
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Walmart has decided not to build some of the stores that it had said it would inWashington DC.
Snip
The reason Walmart isn’t going to open those new stores:
Evans said that, behind closed doors, Walmart officials were more frank about the reasons the company was downsizing. He said the company cited the District’s rising minimum wage, now at $11.50 an hour and possibly going to $15 an hour if a proposed ballot measure is successful in November. He also said a proposal for legislation requiring D.C. employers to pay into a fund for family and medical leave for employees, and another effort to require a minimum amount of hours for hourly workers were compounding costs and concerns for the retailer.
Higher minimum wages mean fewer jobs as companies that would have expanded do not. And note again that not only do the workers not gain those higher wages the consumers also lose out on their benefits.
The correct minimum wage is, as it always has been, $0 per hour, as once even the New York Times knew.
Snip
The positive effect on consumers is some 50 times the possibly negative effect on the workers’ wages. That’s an effect of such size that no reworking of the numbers is going to reverse the conclusion. Yes, low price goods aid consumers more than low wages hurt workers. This is not a belief, this is a fact.
DC's Minimum Wage Really Does Cost Jobs At Walmart
Snip
The reason Walmart isn’t going to open those new stores:
Evans said that, behind closed doors, Walmart officials were more frank about the reasons the company was downsizing. He said the company cited the District’s rising minimum wage, now at $11.50 an hour and possibly going to $15 an hour if a proposed ballot measure is successful in November. He also said a proposal for legislation requiring D.C. employers to pay into a fund for family and medical leave for employees, and another effort to require a minimum amount of hours for hourly workers were compounding costs and concerns for the retailer.
Higher minimum wages mean fewer jobs as companies that would have expanded do not. And note again that not only do the workers not gain those higher wages the consumers also lose out on their benefits.
The correct minimum wage is, as it always has been, $0 per hour, as once even the New York Times knew.
Snip
The positive effect on consumers is some 50 times the possibly negative effect on the workers’ wages. That’s an effect of such size that no reworking of the numbers is going to reverse the conclusion. Yes, low price goods aid consumers more than low wages hurt workers. This is not a belief, this is a fact.
DC's Minimum Wage Really Does Cost Jobs At Walmart