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One Fact About Raising The Minimum Wage Is So Unbelievable, I Had To Fact-Check It Like 5 Times

Business  (tags: wages, Walmart )

- 1911 days ago -
Just check this out. I seriously had to fact-check this a few times before it really sank in. We hear lots of doomsday "OhMyGawd if we raise the minimum wage, everybody will go out of business and we'll have to eat bugs" types of things from some folks.


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David C (25)
Sunday November 24, 2013, 2:16 am
(4 my archives:)

" if every [US] Walmart nationwide had a minimum wage of $12 per hour and passed the entire additional cost on to consumers—i.e., without taking anything out of Walmart’s profit margins—it would increase prices by 1.1 percent, or $0.46 per shopping trip for the average Walmart shopper. "

Lindsay K (6)
Monday November 25, 2013, 7:40 am

Sarah Baker (61)
Monday November 25, 2013, 7:50 am
...seriously? Why aren't we doing this?!!?!?!

Roger G (148)
Monday November 25, 2013, 1:01 pm
noted, thanks

Lynda GettingBetter (123)
Monday November 25, 2013, 1:28 pm
‘Minimum wage’ is slavery without ownership. People are physically free to leave, but financially they are forced to labour - often the hardest and dirtiest - for a paltry wage that merely keeps them alive.

It isn’t just Walmart though: it is a standard of nearly all retail, the entire hospitality and fast food industry, factories, disability and aged care, animal care, roadwork, pretty much all unskilled/minimally-skilled and non-certificate labour.

I worked for years on minimum wage in a school, caring for, teaching, counselling, assisting and advocating for disabled children and many more with learning difficulties, trauma, depression and anti-social behaviour. I loved my job, but resented being paid so little that after fuel costs and the rent, there was nothing left.

Lois Jordan (63)
Monday November 25, 2013, 1:46 pm
Noted. I absolutely agree---the minimum wage as it now stands is disgraceful! Also, saw another article earlier that if the "working class" got raises along with the 1%, the minimum wage would be quite close to $30 per hr.

Franshisca Dearmas (89)
Monday November 25, 2013, 2:00 pm
Noted TY Freya

Birgit W (160)
Monday November 25, 2013, 2:07 pm
Noted, thanks.

Debra G (0)
Monday November 25, 2013, 2:32 pm
How about they raise the minimum wage to $12 and NOT pass along the costs - they can afford it.

Phil P (94)
Monday November 25, 2013, 4:51 pm
Right on Debra.

Julie W (33)
Tuesday November 26, 2013, 3:24 am
People who get a wage rise would probably spend more money and maybe help the economy.

Howard Crosse (21)
Tuesday November 26, 2013, 6:50 am
Yet another example of greedy people not wanting to share their money, even though some of them have so much they don't know what to do with it. Surely the answer is simple, if people earn more money they will spend it, at least in part in shops like Walmart, hang on, isn't that what business is all about, selling more products. This would then lead to more people being employed, to service the greater need, which would then lead to more people spending and supporting business ................

Kaileen Reynolds (60)
Tuesday November 26, 2013, 7:04 am
Noted. Really surprising to me.

Wilde Thange (10)
Tuesday November 26, 2013, 10:18 am
Hardly a disaster except to the ideology of low prices and maximum profits. Of course lot of the things are unnecessary anyway and entire industries are based on convincing people they are at the detriment to things that really are necessary. Plus the is fear of inflation eating up all those excessive profits.

Malgorzata Z (202)
Tuesday November 26, 2013, 11:43 am

Debbie Crowe (87)
Tuesday January 28, 2014, 2:59 am
If the minimum wage was $12 an hour, I don't think people would mind paying an extra .46 a shopping trip!

I think people would spend more if they made enough to cover the basics (housing, food, utilities, etc..). Maybe they could afford to buy a new sofa this year, and maybe a new TV next year, etc. etc...
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