Well, no shit, Sherlock. However, if you had a coat store, and only 3 people in town could afford to buy a coat, you wouldn't stay in business very long. And you wouldn't take you tax cut money to hire people, only to have them stand around.
If you give those poor minimum wager earners a raise, they too can purchase a coat. Now you can go hire someone to help you sell coats.
A raise with what money from the tooth fairy?
If I'm such a shitty business owner, who can't afford to pay my help, then I would deserve to go out of business.
Walmart can and should pay their help better. Tax payers are now footing the bill, feeding their employees, since Walmart won't. This is why we need to raise the minimum wage, at least to $10 an hour.
$10 an hour is a reasonable goal if we have to have a Federal minimum wage. I think the states will do a better job setting the minimum wage than the Feds can. Do you really think there is anyone in New York City that works for the minimum wage?
As long as companies are allowed to pay less than what a person can get from "welfare" we are going to continue to see more people on welfare. And who can blame them? If you can get $15 an hour from welfare as opposed to $7.25 by working your ass off, which one would you choose? And, don't lie.
On Labor Day 2013 Welfare Pays More Than Minimum-Wage Work In 35 States - Forbes
Once companies are forced to pay more in wages they raise their prices. Those on welfare and the elderly on fixed incomes are the ones that will be hurt by that. Companies pay different wages depending on the prevailing wages in the area they serve. My question is if things are so bad at Walmart, why in the hell would anyone work there?