A study released this week found that if the nation’s largest low-wage employer, Walmart, were to pay its 1.4 million U.S. workers a living wage of at least $12 per hour and pass every single pennyof the costs onto consumers, the average Walmart customer would pay just 46 cents more per shopping trip, or around $12 extra dollars each year.
Consider that the next time you hear some corporate mouthpiece warning of massive job losses if some minimally progressive policy were enacted. You never see them arguing on the cable news shows that increasing the minimum wage will hurt Walmart’s or McDonald’s bottom lines; it’s always about the jobs that will be destroyed. According to the ubiquitous spin, large corporations, the embodiments of American-style capitalism, are so vulnerable to the meddling of no-nothing bureaucrats that any government intervention into the “free market” drives corporations away to sunnier locales or threatens their very existence. However well intentioned, it all ends up costing workers their jobs.
But the new study, conducted by Ken Jacobs and Dave Graham-Squire at the UC Berkeley Center for Labor Research and Education and Stephanie Luce at CUNY’s Murphy Institute for Worker Education and Labor Studies, suggests that low-wage employers could pay their workers a wage that would afford them a dignified existence without threatening their profitability.
So basically there is no excuse to be paying their employees minimum wage. I would MORE than happily pick up the extra tab in exchange for folks earning living wages.
More evidence how the low, middle and working classes are just being exploited by the higher ups…