October 25, 2005

Wal-Mart Supports Increase in Fed. Min. Wage

Do you know why Lee Scott supports an increase in the federal minimum wage? I don't, but I can guess that its for the same reason that unions want Wal-Mart to have to pay for healthcare and a living wage: to hammer and hamper competition:


Scott said Wal-Mart would support an increase in the federal minimum wage from the current $5.15 an hour. On average, the company says, it pays full-time U.S. associates $9.68, so a higher minimum wage would have a much tougher effect on Wal-Mart's smaller rivals.

"While it is unusual for us to take a public position on a public policy issue of this kind," he said, "we simply believe it is time for Congress to take a responsible look at the minimum wage and other legislation that may help working families."

I'm tempted to call this a disgusting abuse of "working families" rhetoric, but I'm even more tempted to remind people that Wal-Mart's smaller rivals really do not pay better than Wal-Mart.

Note also the attempt to buy support of Democratic representatives....

Posted by Kevin on October, 25 2005 at 09:53 AM