Walmart? Berkeley Labor Center Reports on Retail.
Posted in the Muskogee Forum
Since: Sep 09
#1 Aug 23, 2011
(( http://laborcenter.berkeley.edu/retail/index.... ))
"This study uses the most recent data available to update the 2007 report on the impact to workers and shoppers if Walmart increased its minimum wage. It finds that a $12 per hour minimum wage would provide substantial benefits to Walmart workers in low-income families, while the costs would be dispersed in small amounts among many consumers across the income spectrum."
(( Impact on Workers ))
"Our analysis reveals that establishing a higher minimum wage for large retailers like Walmart would
have a significant impact on workers living in poverty or near-poverty. We find that 41.4 percent of the pay increase would go to the workers in families with total incomes below 200 percent of the federal poverty level (200 percent FPL). These poor and low-income workers could expect to earn an additional $1,670 to $6,500 a year in income for each Walmart employee in the family, before taxes."
(( Impact on Consumers ))
"Even if Walmart were to pass 100 percent of the wage increase on to consumers, the average impact on a Walmart shopper would be quite small 1.1 percent of prices, well below Walmart's estimated savings to consumers. This works out to $0.46 per shopping trip, or $12.49 per year, for the average consumer who spands approximately $1,187 per year at Walmart. This is the most extreme estimate, as portions of the raise could be absorbed through other mechanisms, including increased productivity or lower profit margins."
To all reading this print a copy & give it to the Walmart Manager! Let them know!!!
More info relating to this & help for Walmart workers at:
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