Could Wal-Mart Pay $12 per Hour?

Posted April 20, 2011
By Clay Cerny

Writing in Common Dreams, Mike Elk examines what it would take for Wal-Mart to raise its lowest wages to $12 per hour.  Elk calculates that 1% of sales would be needed to move the wage up.  If Wal-Mart wanted to make its customers pay for the raise, the average annual purchase would go up by $12.50 per year.  This article challenges us to think about how companies pay workers and how it might be time for some real trickle down economics.