Wal-Mart Proves Higher Minimum Wage Kills Jobs
And quite a few, in this case. It’s just one glaring example of how this plays out nationwide.
According to this story, Wal-Mart is set to cancel the building of three new stores in the DC area if the Democrat-controlled legislators follow through with their plan to raise minimum wage to $12.50 an hour, a more than four-dollars an hour increase from the current minimum. Three other Wal-Mart stores, already under construction in the area, are also in jeopardy.
Adding to the insanity, the law only applies to big stores, like Wal-Mart. It’s more of the Democrats’ belief that large companies are the rich uncle who refuses to share. So the new law is destined to eliminate many jobs at once – around 600 per store in the case of Wal-Mart. This has one council member frustrated as she notes unemployment is rather high in her ward. The council member? Yvette Alexander, a far-left Democrat who said a few months ago she had “concerns” about the massive wage increase.
These stories seem to have forgotten, Yvette Alexander was one of the original sponsors of the bill earlier this year. Oh, it’s all fun and games until your voter gets hurt. Liberals like Alexander are suddenly getting a lesson on basic economics: Money doesn’t grow on trees. Even big trees.
Also not noted in the story, it will kill buying power in the area as Wal-Mart stores regularly keep prices down.
Fewer jobs, higher prices. Well done, Democrats.
As for the rest of you, join me in encouraging Wal-Mart to stick to their guns. As unemployed voters stare at big empty lots that pay $12.50 an hour for jobs that don’t exists, the next town might be grateful. And maybe just a few people in Alexander’s ward will vote differently.
An award winning writer, Charlie Richards has spent 20 years writing for radio, film and television and also created the video series for children Life at The Pond. He was a staff writer for the NBC sitcom House Rules and wrote a story for the CBS sitcom Lady’s Man. He’s also written for several magazines, including Focus on the Family’s Citizen Magazine and NRB Magazine.
Trending Now on Affluent Christian Investor
Sorry. No data so far.
Right Report
Follow Us
The Affluent Mix
Biden Oblivious To Illegal Immigration Issues... August 2, 2021 | Frank Vernuccio
Rob Arnott On Bubbles, Inflation, And Once-In-A-Generation Investment Opportunit... August 2, 2021 | Jerry Bowyer
The Federal Reserve’s Massive Theft Of Stability... August 2, 2021 | Jim Huntzinger
What To Do About This Difficult Market? August 2, 2021 | David Bahnsen
Letter On The Politicization Of Corporations... July 26, 2021 | Jerry Bowyer
Peak Of The Fake Bull Market July 26, 2021 | Michael Pento
Woodrow Wilson’s Administrative State vs. Gold... July 26, 2021 | Jim Huntzinger
Dividends, Energy, And Crypto July 26, 2021 | David Bahnsen
Whose Side Are You On? July 26, 2021 | Frank Vernuccio
Media, Left Ignore These Dangers July 19, 2021 | Frank Vernuccio
Mark Skousen On FreedomFest And How To Measure The Whole Economy... July 19, 2021 | Jerry Bowyer
Quantifying The Quantitative, Or Making Easy The Easing... July 19, 2021 | David Bahnsen
The Gold Standard Means A Rising Standard Of Living... July 19, 2021 | Jim Huntzinger
Book Review: Brian Domitrovic Reveals The Monetary Genius Of Arthur Laffer... July 19, 2021 | John Tamny
Steve Forbes: Time To Worry About Inflation, Not Hyperinflation... July 12, 2021 | Jerry Bowyer
UFOs Rescue Biden July 12, 2021 | Frank Vernuccio
Read This Classical Economist’s 200 Year Old Warning About Paper Money... July 12, 2021 | Jim Huntzinger
How Central Banks Murdered The Markets July 12, 2021 | Michael Pento
Everything There Is To Know About The Stock Market... July 12, 2021 | David Bahnsen
AT&T CEO: We’re Ill Equipped For Politics, And We’re Spending A Lot Of ... July 6, 2021 | Jerry Bowyer
Internet Bias Distorts National Conversation... July 6, 2021 | Frank Vernuccio
The Halfway Point Of 2021 July 6, 2021 | David Bahnsen
Join the conversation!
We have no tolerance for comments containing violence, racism, vulgarity, profanity, all caps, or discourteous behavior. Thank you for partnering with us to maintain a courteous and useful public environment where we can engage in reasonable discourse.