If Wal-Mart paid a living wage, how much would their prices increase?
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Government is subsidizing Walmart by allowing them to pay less than a living wage and complementing the money with US tax payers dollars.
Yeah, let's them simply "starve" then, but not to death, hey ? , I cant believe people can write things like that.
They don't. Where I live, GDP/capita adjusting for PPP is less than what you'd make earning $8.25/hour at walmart working 20 hours/week with no govt benefits of any kind. There is no mass die-off.
(Note: my numbers are adjusted for cost of living. So don't tell me that "it's cheaper here" - I'm taking that into account. Unlike the US poor, people here live in crowded apartments, take shared transport to work, and learn to survive without 24/7 water.)
You are simply wrong. The government is subsidizing poor people's consumption, not walmart.
There was once two job tracks: part time pickup money and career. Starving out the part time work kills off a lot of opportunity since the higher the wage, the more competent an employer will require the employee to be.
I'm a university student and within the last year I've talked to 20+ people about it (mostly students), and mostly people don't know what it is.
Walmart only employs part time employees for most of their positions, so they do not have to pay all the extra costs of a full time employee.
They have a system where every worker only works up to the part-time hour limits.
So the answer to all these people in the videos problems is get a second job, that is what my mother had to do. Instead they are lazy and work part time, then they take handouts because they aren't making enough.
Okay, they get a second job. What happens when one of the two jobs demands that they work at that place during the same time that they're supposed to be at the other job (or doesn't allow for enough time to travel to the other)? They get fired from one. They're now back at square one.
Also, what about cases where people live somewhere where there ARE NO OTHER AVAILABLE JOBS and can't afford to leave?
Personal attacks are not allowed on Hacker News.
At the moment, it comes off as completely subjective, and based on a very rough consensus of what a group believes is enough to live on.
But, they will say, providing this wage only adds pennies to the cost of some item or service you purchase. Well then, if $12/hr is "good", why not go for "great", and make the wage $30/hr and have everyone loving their job? No answer.
Although, I would welcome that level of wage for our Muni/Bart/SF government workers, who are well beyond, at the level of "ecstatic".
I don't know if the lack of a minimum wage has contributed to the failure of Walmart here, but they did sell all their stores because they weren't competitive.
Working at a Walmart probably pays better than many of the jobs at ultra-cheap supermarkets in Germany (Lidl, Real). I'm not saying that it pays enough, but at least you all can take some pride in the fact that a minimum wage is in place.