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Income Inequality
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<blockquote data-quote="wkmac" data-source="post: 2015114" data-attributes="member: 2189"><p>Since you quoted my post dealing with minimum wage specifically:</p><p></p><p>If you are asserting the Walmart Closing has anything to do with raising minimum wage you might need to consider the fact that Walmart is closing stores across the country. The Walmart retail model is taking a hit mostly from online pressures and this seems to be more the driver of store closures and not minimum wage hikes specifically.</p><p></p><p>At the same time, there are dozens of Walmarts in the greater LA area so not sure if LA will feel the lost tax revenue crunch from one store.</p><p></p><p>Besides, at the current federal minimum wage rate, Walmart is already ahead of the curve so any Federal wage increase would serve Walmart well by raising the operating costs of its other competitors.</p></blockquote><p></p>
[QUOTE="wkmac, post: 2015114, member: 2189"] Since you quoted my post dealing with minimum wage specifically: If you are asserting the Walmart Closing has anything to do with raising minimum wage you might need to consider the fact that Walmart is closing stores across the country. The Walmart retail model is taking a hit mostly from online pressures and this seems to be more the driver of store closures and not minimum wage hikes specifically. At the same time, there are dozens of Walmarts in the greater LA area so not sure if LA will feel the lost tax revenue crunch from one store. Besides, at the current federal minimum wage rate, Walmart is already ahead of the curve so any Federal wage increase would serve Walmart well by raising the operating costs of its other competitors. [/QUOTE]
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