Thursday, July 11, 2013

As Washington, D.C. mulls minimum wage hike, Walmart threatens to pull out

Donna Abbott-Vlahos

Walmart has said it will not open three stores planned for D.C. if the living wage bill is passed.

Staff The Business Review

As the city council in Washington, D.C., weighs a living wage bill, Walmart's reaction to the proposal provides a case study for governments as they look to raise minimum wages.

The retail giant said it will not open three stores planned for the city if the bill is passed, The Washington Post reports, putting on display Walmart's familiar playbook of fighting legislation that could cut into profits.

For liberal lawmakers in D.C., the case has presents a conflict between their pro-union politics and their wish to bring more retail to under-served neighborhoods, where Walmart is planning to open stores.

The minimum wage legislation, however, appears tailor-made for Walmart. According to The Washington Post, the bill would raise the city's minimum wage from $8.25 an hour to $12.50 an hour, but only for retailers with sales of $1 billion or more that have stores more than 75,000 square feet.

Read the full story here.

Source: http://feedproxy.google.com/~r/vertical_1/~3/__6N2l8WdLk/as-washington-dc-mulls-minimum-wage.html

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