tilthat

TIL If Walmart Paid Its Employees a Living Wage, Prices Would Go Up only 1.4%. That means your Xbox one would only be about $5 extra and only about $0.50 to $1.00 extra for your games

via ift.tt

seductivejellyfish

Reminder that numbers like these are if a corporation is deciding to pass on all costs of raising their wage to a living wage onto a consumer. The correct amount of what it should “cost” you as a consumer for a corporation to raise their wages is $0.

lynati

I’d like to see it phrased as the equivalent of, “If Walmart paid its employees a living wage, the family that owns it would have to take an 2% cut to their yearly profits, meaning they’d make only 294 million a year instead of 300 million a year,” just to really drive home how little they would need to pass on the cost of paying their employees a living wage to their consumers.