New Book: Barack Obama Worked 'Behind the Scenes' to Derail Kamala Harris
Letitia James Heard About a Head Start Program Closed Down Because of Trump's...
Stephanie Turner Female Athlete Who Refused to Fence Against a Male Speaks Out...
Listen, Fat: '60 Minutes' Is LYING to You About Obesity and Weight Loss
Katie Pavlich Has a GREAT Idea That Would Keep the Formerly Taxpayer Funded...
LOL: FactPost Wants You to Believe That Grocery Prices Have Already Increased By...
See You in Court! Michigan Judge Okay's White Man's Racial Discrimination Suit Against...
Sen. Mazie Hirono Declares Dan Bongino Is Not at All Qualified
CNN Lib Claims Lloyd Austin ‘Never Compromised American Lives'
BUSTED: Cali Judge Who Ruled Trump Must Fund Illegal Immigrants Has MAJOR Conflict...
SHOCKER: Comedian Bill Burr Suddenly Doesn't Want to Talk About Elon Musk ......
Flashback: Here's Chuck Schumer Arguing for Anti-Fraud Measures for Illegals
NH Teacher Union Head Says the Quiet Part Out Loud As She Rails...
WATCH: The New Naked Gun Trailer Drops With the PERFECT O.J. Simpson Joke
Flashback: Here's Nancy Pelosi Singing a (D)ifferent Tune on China, Trade Deficits, and...

Walmart threatens to scrap plans for 3 DC stores if living wage bill passes

Potentially big business news this afternoon out of D.C.:

Advertisement

The D.C. Council is set to vote tomorrow on proposed “living wage” legislation that would affect large retailers like Walmart.

More from the Washington Post:

Alex Barron, a regional general manager for Wal-Mart U.S., wrote in a Washington Post op-ed piece that the proposed wage requirement “would clearly inject unforeseen costs into the equation that will create an uneven playing field and challenge the fiscal health of our planned D.C. stores.”

As a result, Barron said, the company “will not pursue” stores at three locations where construction has yet to begin — two in Ward 7 and one in Ward 5. He added that the legislation, if passed, will also “jeopardize” three stores whose construction is already underway pending “financial and legal implications.”

The bill as currently written would require retailers with corporate sales of a billion dollars or more and operating in spaces 75,000 square feet or larger to pay their employees no less than $12.50 an hour. The District’s current minimum wage is $8.25.

Many on the Left are insisting that D.C.’s minimum wage should be raised, and they’re both rejoicing at this news and slamming Walmart:

https://twitter.com/msto/status/354706635035394049

https://twitter.com/jayaustn/status/354705947207270404

Advertisement

https://twitter.com/hanvnah/status/354711903320281088

https://twitter.com/TheLP_Frankie/status/354706340238733314

https://twitter.com/PV823/status/354715172633460737

https://twitter.com/maeve_mcdermott/status/354704831421743104

But what these eloquent individuals don’t seem to realize is that when Walmart leaves, so do a lot of potential jobs for those who need them most:

https://twitter.com/ChuckThies/status/354707116163989506

Relatively low-priced goods will also be more difficult to come by:

https://twitter.com/LoganDobson/status/354698637651095553

Proponents of the living wage bill aren’t seeing the whole picture. As warm and fuzzy as it might make them feel to demand that workers’ pay be increased, what they’re forgetting — or ignoring — is that raising wages costs money. At some point for businesses, the costs outweigh the benefits. And higher costs for employers ultimately get passed on to consumers in the form of higher prices and employees in the form of job loss. Is that what the Left wants to push for?

Advertisement

If the bill becomes law, Walmart might wind up being one of many potential job providers discouraged from doing business in D.C. And then what?

‘Round and ’round we go.

***

Related:

President Obama pushes #LivingWage; Conservatives push back with truth

Hiring freeze redux: Obama pushes minimum wage hike; small biz owners say ‘will put me out of business’

That’s the ticket! Study suggests minimum wage should be $21.72

Big wampum: Sen. Elizabeth Warren asks why the minimum wage isn’t $22 per hour

Department of Labor finds its own human props to push minimum wage hike

Join the conversation as a VIP Member

Recommended

Trending on Twitchy Videos

Advertisement
Advertisement
Advertisement