Low Wage Workers and the Minimum Wage
Posted on February 15, 2013 by jway
In light of President Obama’s mention of increasing the minimum wage to $9/hr in his State of the Union address, the spotlight has turned to low wage workers and the companies that employ them.
On Wednesday, Business Insider published a piece citing the top 20 companies with the largest low wage work force. Perhaps unsurprisingly, Walmart came in as number one, with its astonishing workforce of approximately 1.4 million workers.
Meanwhile, Slate published a piece highlighting the positive impact that increasing the minimum wage could have on companies like Walmart in addition to its impact on workers. As the piece states:
“It’s a complicated issue with many moving parts. But one thing investors might want to consider is how minimum wage affects lower-class spending habits — and which companies could benefit if and when an increase takes place.”
Despite the complexities of the economic debate, one thing remains clear: Walmart workers understand the importance of a living wage as well as anyone. Regardless of what legislation is passed, community members still need to keep pressure on Walmart to treat their workers ethically and pay a living wage.