Tags: walmart | minimum | wage | washington | dc

Wal-Mart to Pull Out of DC if Minimum Wage Proposal Passes

Wednesday, 10 Jul 2013 11:57 AM

By Melanie Batley

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink
Wal-Mart has decided to pull the plug on building stores in the District of Columbia if the city council passes a law requiring large retailers to pay a higher minimum wage to employees.

According to The Washington Post, a vote on the measure was expected sometime Wednesday. It would require retailers with corporate sales of $1 billion or more, and operating in spaces of 75,000 square feet or larger, to pay their employees no less than $12.50 an hour instead of the current $8.25 minimum wage in the nation's capital.

Alex Barron, a regional general manager for Wal-Mart U.S. said in a Washington Post op-ed piece Tuesday 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."

Wal-Mart, the world's largest retailer, had planned to open six stores in the district, employing up to 1,800 people.

City council members criticized the company for its hardball tactics in resisting the measure, which it has done as well in other urban centers, including Chicago and New York, where officials sought to pass similar "living-wage" laws.

"For them to now stick guns to council members' heads is unfortunate and regrettable," said Democratic Councilman Vincent Orange.

The Post noted that Democratic Mayor Vincent Gray, however, has strongly suggested that he may veto the so-called super-minimum-wage proposal, citing concerns that Wal-Mart's withdrawal could have a significant, negative economic impact on the city and its residents.

"The cancellation of three planned stores will surely set us back," he said in a statement issued by his office. "I strongly urge the Council to consider whether this legislation will actually promote strong economic development in the District and expand job opportunities for District residents."

© 2014 Newsmax. All rights reserved.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Retype Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Border Patrol Agent Fires at Armed Militia Member

Friday, 29 Aug 2014 20:14 PM

The Border Patrol says an agent shot at someone near the Texas-Mexico border who later identified himself as a militia m . . .

Calif. Senate Approves Sweetened Tax Credits For Hollywood Studios

Friday, 29 Aug 2014 19:50 PM

The California State Senate has approved legislation on a 32-2 vote to extend and expand California's movie and TV tax c . . .

Groups Appeal GOP-Backed Fla. Congressional Maps, OK 2014 Vote

Friday, 29 Aug 2014 19:35 PM

A coalition of voters rights organizations that successfully sued Florida over gerrymandering is appealing the state's n . . .

Most Commented

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved