BBC
The chief executive of Wal-Mart has criticized the US Senate for rejecting a proposal to raise minimum wage to $6.25 per hour. The reasoning he put for this was to raise the income of consumers. Wages at Wal-Mart are generally higher than minimum wage, so a change in minimum wage would have little effect. However, it may hurt smaller retail chains that pay lower wages, which might be what they're aiming for.
Senate
I decided to look into why the raise in minimum wage was rejected. It appears that the amendment was rejected on other grounds as every Democratic voted against it. Democrats had proposed a raise in minimum wage to $7.25 per hour back in March.
No comments:
Post a Comment