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Wal-Mart (WMT) says it will not open three planned stores in the Washington D.C area if a bill...

Wal-Mart (WMT) says it will not open three planned stores in the Washington D.C area if a bill passes raising the minimum wage to $12.50/hour for retailers "with sales over $1B and retail spaces of 75K square feet or more." The company's stance is "immensely discouraging," Mayor Vincent Gray says.
Comments (18)
  • WisPokerGuy
    , contributor
    Comments (837) | Send Message
     
    It's called "free market capitalism" Mr. Mayor.
    10 Jul 2013, 04:15 PM Reply Like
  • bgold1955
    , contributor
    Comments (2032) | Send Message
     
    Costco will do it.
    10 Jul 2013, 04:23 PM Reply Like
  • Rope a Dope
    , contributor
    Comments (559) | Send Message
     
    Highly unlikely that Costco or anyone else will consider opening a business in DC under the conditions DC is trying to impose. They’re trying to impose this wage requirement on any businesses occupying more than 75,000 square feet and having revenue of more than $1 billion. Neither are relevant to the profitability of a business. This is another Liberal attempt to redistribute wealth and it will backfire on the DC government. They just never learn.
    10 Jul 2013, 04:55 PM Reply Like
  • Philip Marlowe
    , contributor
    Comments (1012) | Send Message
     
    As far as I know Costco already pays their employees that much or more. Costco treats their employees pretty well (comparatively speaking). They are also the best run and most profitable big box retailer. Coincidence?
    10 Jul 2013, 10:12 PM Reply Like
  • wapiti
    , contributor
    Comments (711) | Send Message
     
    Good for WalMart!! These politicians and reverends think extortion is the only answer! Free market capitalism does not require them to be there and my hat goes to the CEO! The Maor's voters can thank him for the no jobs!
    10 Jul 2013, 04:29 PM Reply Like
  • Philip Marlowe
    , contributor
    Comments (1012) | Send Message
     
    I am all for higher minimum wages but laws that single out particular types of businesses are generally not a good idea. They will probably get struck down based on the latent commerce clause.
    10 Jul 2013, 04:29 PM Reply Like
  • 112148
    , contributor
    Comments (10) | Send Message
     
    Your residents will have huge savings in their pocket if you allow Wal-Mart to build in DC. Employees are not forced to take the jobs!
    10 Jul 2013, 04:42 PM Reply Like
  • marvin schwartz
    , contributor
    Comments (99) | Send Message
     
    Why not make the hourly wage $20 an hour,no make it $30 an hour.Hats off to Walmart. This is one of the reasons socialism never works.The liberals just don't get it.
    10 Jul 2013, 04:44 PM Reply Like
  • 2 0 buckshot
    , contributor
    Comments (2) | Send Message
     
    Actually the company's stance is highly encouraging!!
    10 Jul 2013, 04:47 PM Reply Like
  • Terry330
    , contributor
    Comments (867) | Send Message
     
    Good for Washington DC, why should taxpayers pay Wal-Mart workers with food stamps, public housing, etc.
    10 Jul 2013, 04:47 PM Reply Like
  • Tricky
    , contributor
    Comments (1583) | Send Message
     
    So are the prospective employees better off if Walmart doesn't open the stores?
    10 Jul 2013, 05:17 PM Reply Like
  • klinger9
    , contributor
    Comment (1) | Send Message
     
    Good idea. You just keep paying all the food stamps & public housing as other states will gladly take the stores.
    10 Jul 2013, 04:54 PM Reply Like
  • mobyss
    , contributor
    Comments (1938) | Send Message
     
    How difficult is it to build a 74,700 square foot store? 300 by 249 feet. Put it right there in the blueprints.
    10 Jul 2013, 04:59 PM Reply Like
  • speakyatruth
    , contributor
    Comments (17) | Send Message
     
    Good. I hope Wal-Mart stays out of DC. I also wish the last three DC mayors (Williams, Fenty, and Gray) had tried other forms of economic development than spending more than a decade prostituting the District and its poorer neighborhoods for a company as wealthy and destructive to local economies as Wal-Mart.
    10 Jul 2013, 08:58 PM Reply Like
  • 866007
    , contributor
    Comments (3) | Send Message
     
    I work for walmart and it is a really crappy place to work. Not only do they pay low wages they never have enough staff to handle the stock or even checking out the customers. At the present time I am looking for another job. Most people work there because they really do not have no choice but to be exploited by these companies that pay the works low wages while the management does nothing but work a high paying non-working job. The attitude among most employees is they hate the place. I hope they go under. Like the other post stated cosco is better run and they pay there people a fair wage. Eventually Walmarts poor ethical practices will catch up with them. Most companies that go under have a bad reputation with the work force. Walmart hire people that can not speak English or even understand it.
    11 Jul 2013, 04:13 AM Reply Like
  • LDBrown
    , contributor
    Comments (2) | Send Message
     
    I don't get it. What's wrong with paying people a fair wage? People who own businesses should know that people who earn more spend more. At least that's what I learned in college.

     

    With all the lawsuits Walmart has against it (new ones pop up every day) I'm surprised it hasn't taken a big hit in both its stock and its reserves. Does business insurance cover numerous lawsuits?
    11 Jul 2013, 12:52 PM Reply Like
  • Rope a Dope
    , contributor
    Comments (559) | Send Message
     
    It’s not only the 50% hike in hourly wages Wal-Mart faces; there are a lot of costs tied to a person’s earnings. Social Security, Workers Comp, Unemployment Insurance, Medicare, vacation pay, holiday pay, sick days, maternity leave, and retirement plans can all based on an employee’s wages.

     

    It’s one thing for the government to set a minimum wage that every single business must follow, but when they begin to single out individual businesses because they ‘think’ they can afford it, then it is time for the government to take over all business and we can all work for the government.

     

    Government is the problem, not the solution.
    11 Jul 2013, 01:34 PM Reply Like
  • Tricky
    , contributor
    Comments (1583) | Send Message
     
    Just curious, who is the determinant of the "fair wage" and how will they go about setting this for every position of employment in our country?
    11 Jul 2013, 02:03 PM Reply Like
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