sameech
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- May 12, 2014
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Well, maybe we can start at the point they no longer need public assistanceThe Shocking Truth About What It Would Cost Us All If Walmart Paid A Living Wage
Watch the video.
$300,000,000 a year in food stamps just for walmart employees. Give them a living wage and we pay an extra 1.4% on their goods. One penny for every dollar spent at Walmart and those employees would not need to live on food stamps.
Has someone figured out the magic formula to define a "living" wage?
Or should each employee be paid according to how much money they need to "live?"
Won't happen. The Earned Income Tax Credit saw a growth in single mom's going to work part-time and Walmart is happy to hire such people, unlike many businesses. If you increase wages to what those people would need to support themselves and their families today, then prices would go up so high (or the purchasing power of a dollar go so low, whichever you prefer) that it becomes a wash and those people stay on the dole.
Sort of... the way the rules work the feds don't care if you get paid 500 an hour. What they care about is you don't earn more than the minimum amount necessary to receive welfare checks. Thus giving part time employees a raise from 7.50 to 15 bucks an hour would just mean the part time employees would stop working at 15 hours instead of stopping at 30hrs as any work over 15hrs would mean they loose their welfare checks.
More likely the programs would just reindex to the new higher COL. It isn't like all the employees in those government agencies are going to be like "Yeah we solved poverty. Last person out the door, please turn out the lights."