Thursday, January 2, 2014

Schiff on his Walmart stunt

They are entry level jobs. You have to have your first job before you can get your second job. Those type of jobs don`t require many skills, so you can`t really be paid very much. 

All the people that are advocating that Wal-Mart (WMT) just raise wages for all their unskilled workers to 15 dollars an hour, they forget about all the Wal-Mart customers, many of whom also earn less than 15 dollars an hour. The only reason they are shopping there is because they want low prices and in order to keep prices low, Wal-Mart (WMT) has to keep their costs low, and of course that includes their labor costs.

You can watch the Walmart video here.