Why Walmart Is the Big Winner in DC’s Minimum Wage Increase
3rd December 2013
In the case of the D.C. bill, Walmart often already does pay a $10 or $11.50 wage. According to Payscale.com, Walmart’s cashiers on average make between $7.50 and $10.77 and sales associates make between $7.63 and $11.83. Overall, its wages are just five percent below the retail industry average.
It is a different story for D.C.’s small neighborhood stores — which already face the daunting prospect of competing with Walmart. “Small businesses are the least able to absorb … a dramatic increase in their labor costs,” notes the National Federation of Independent Business.
This is why rich people say they’re not taxed enough … it’s not the money; they could just cut a check to the government if that were the case. They want taxes increased because it increases their relative advantage over people who aren’t as rich as they are.