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Lecture

Walmart min wage .docx

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Department
Marketing
Course
MKTG 1021
Professor
Bridget Akinc
Semester
Spring

Description
01/28/2014 The Washington Post 2013 DC tried to pass a bill forcing Walmart to pay employees a living wage (12.50/hr wages plus benefits) Gray vetoes I because many people need walmarts low prices 24% live paycheck to paycheck and receive  food stamps Second food poor state after new mexico Written in 2013 CNN Costco doesn’t have to deal with the labor strikes associated with Wendy’s, MD, Walmart.  Costco sales have risen 13%, Profits have risen 15% and stock price has doubled since 2009▯ pay workers   over 20/hr Walmart sales rise 4.5%, profits rose 7% and stock rose &)% PER YEAR Costco can afford to charge a membership fee where as Walmart cannot do so CBS 2013 Walmarts lack of health care for its 1.3 mm employees will cost tax payers millions Highest ranked for employees with Medicare Walmart threatened to scrap 3 of its six new stores panned for DC Asked Mayor Vincent Gray for a veto undersigned by target, Walgreens, Home Depot, Macy’s NY raised min wage but agreed to provide tax subsidies to companies like Walmart with seasonal  employees.  Investing Business Week ▯ Bloomberg 2014 Walmart’s bottom line is growing 
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