And Speaking Of Money

Now there’s a push for a national minumum wage of $20 an hour.

But in a new book, author Rick Wartzman uses the story of Walmart to argue that corporate America – for all this change — is still paying workers less than it should.
[…]
To make the case, Wartzman uses the very same numbers Walmart cites with pride, including an average wage that’s now more than $17 dollars an hour – higher than the minimums in every state in America.
[…]
Seventeen dollars an hour works out to an average annual income of just under $29,000 a year, Wartzman says, when calculating the hours worked by Walmart employees.

Do the math. Calculate those hours. He’s whining that people aren’t making a “living wage”…

…on a single part-time job.

You want to see prices really go up? And employment to go down? Just abruptly raise the minimum wage to $20, and watch the layoffs. Should do wonders for the robotics industry<.a>, though

 

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