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View Diary: Fast food CEO not freaking out about possible minimum wage increase (86 comments)

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  •  Yes, they are leaning toward it (8+ / 0-)
    Wal-Mart Stores Inc. (WMT), the largest private employer in the U.S., said it’s looking at supporting an increase in the federal minimum wage, breaking with business and industry groups that oppose such a measure.

    Wal-Mart is weighing the impact of additional payroll costs against possibly attracting more consumer dollars to its stores, David Tovar, a company spokesman,

    http://www.bloomberg.com/...

    “Texas is a so-called red state, but you’ve got 10 million Democrats here in Texas. And …, there are a whole lot of people here in Texas who need us, and who need us to fight for them.” President Obama

    by Catte Nappe on Thu May 08, 2014 at 09:16:43 AM PDT

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    •  walmarts own employees will probably (6+ / 0-)

      Spend the increase in their own stores. I bet they make money off the increase. They should be for it. Plus it is great PR for them after all the negative press they get about how they treat their employees. But, it is still a positive for everyone if they get behind it.

      Today's problems are yesterday's solutions. Don Beck

      by Sherri in TX on Thu May 08, 2014 at 09:50:58 AM PDT

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      •  Sure would love to see them out in front (0+ / 0-)

        of it and increase their minimum wage to $10.10 an hour (personally I think it should be about $15 considering the increases we've seen in goods in the last few years, which have skyrocketed).

        The GOP will destroy anything they can't own.

        by AnnieR on Thu May 08, 2014 at 10:44:23 AM PDT

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        •  The problem is if they raise prices (4+ / 0-)
          Recommended by:
          AnnieR, a2nite, mconvente, Catte Nappe

          to cover the increased wages it'll be easier for competitors to undercut them, then they lose business to those cheaper stores. As Catte Nappe said above, raising the minimum wage overall keeps the level playing field.

          There's only one rule that I know of, babies -- goddammit, you've got to be kind. -- Kurt Vonnegut

          by Cali Scribe on Thu May 08, 2014 at 10:51:34 AM PDT

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      •  If they get employee discounts (0+ / 0-)

        most certainly -- both to save money and also the convenience of taking care of the shopping right after work (if they're not on closing shift at least).

        There's only one rule that I know of, babies -- goddammit, you've got to be kind. -- Kurt Vonnegut

        by Cali Scribe on Thu May 08, 2014 at 10:52:54 AM PDT

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