New Demos Report Shows that Walmart Can Invest In Its Workforce without Raising Prices

 

10746047863_3c1af10185_zA new report by Demos finds that Walmart can afford to and would benefit from raising wages and increasing access to full-time hours so that no worker at Walmart makes less than $25,000 per year.  Titled “A Higher Wage is Possible: How Walmart Can Invest in Its Workforce Without Costing Customers a Dime,” the report shows that if Walmart redirected the $7.6 billion it spends annually on repurchases of its own company stock, these funds could be used to give Walmart’s workers a raise of nearly $6 an hour—more than enough to ensure that all Walmart workers are paid a wage equivalent to at least $25,000 a year for full-time work—without raising prices.

Last year, Demos published another study about how retailers can benefit from raising employee wages.  The report, titled “Retail’s Hidden Potential: How Raising Wages Would Benefit Workers, the Industry and the Overall Economy,” shows that raising wages to $25,000 per year for full-time retail workers at the nation’s largest retail companies (or those employing at least 1,000 workers) would result in improving the lives of more than 1.5 million retail workers and their families who are currently living in or hovering above poverty.

 

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