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Old 01-23-2014, 02:25 PM   #1
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^ in most instances this is true. But I think there was in fact a study that a "mega" low wage employer (like Wal-Mart for instance) could raise wages and there would be no hit to profitability as they would simply raise prices -- their prices are already lower than the rest of the market which would ironically increase competition in retail (some only shop at Wal-Mart), while increasing 'value' in other areas like service (non-existent at every Wal-Mart I have ever visited). And because of the economies of scale at work in Wal-Mart's sales, the price increase would be like something in the neighbohrhood of 10-20 cents for their biggest sellers (and there are a ton of products there). Which tells me that labor for a mega low wage employer is not nearly their biggest cost when they are NOT providing healthcare insurance for all but a small sliver of their workforce.
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