Your Economy (No Politics)

[cliffvb]

You haven't moved to Venezuela yet?

(A) If WalMart were forced to raise their minimum wage to $15/hour, it would speed up automation which would put more people out of work there and that would only increase their reliance on food stamps and social services.

(B) If they voluntarily raised their minimum wage to $15/hour: In the short term, it would make them uncompetitive with stores that didn't (Target, for example). The stockholders that own the company would also be raising hell as profits would be cut in half and in the longer term it would also speed up automation. (see A above)