Posted on 01/30/2016 8:44:31 AM PST by upchuck
A minimum wage of $12.55 an hour in Oakland, Calif., may be the culprit for a Wal-Mart store's closure.
Wal-Mart announced Jan. 15 it will close 269 stores globally, including 154 locations in the United States-affecting about 10,000 associates across the nation... snip
Oakland Mayor Libby Schaaf, a Democrat, has been leading statewide efforts to raise the minimum wage to $15.
"This higher city minimum wage eliminated the jobs of the very workers advocates wanted to help," said James Sherk, a research fellow in labor economics at The Heritage Foundation... snip
The Wall Street Journal reported on Wednesday that most Wal-Mart hourly store employees in the U.S. will see a pay increase in February.
(Excerpt) Read more at dailysignal.com ...
PLUS a major West Coast port and containerized shipping hub linked to major railroads.
If manufacturing and real middle class jobs were brought back to Oakland (a beautiful, historic city founded just two years after statehood) you'd see something magnificent, a real renaissance.
Yes! But most investment is precluded by the terribly anti-business politics and super- dangerous crime rate there. I still think it will recover someday but I’ve been saying this for nearly half a century so —
"Welcome to Wal-Mart. Now get your s---t and get out!"
I think the OP was being sarcastic.
The left complains that Wal-Mart puts mom-and-pop shops out of business. Now with Wal-Mart gone, the mom-and-pop shops can flourish....too bad mom and pop can’t pay the minimum wage either....
Right. That's what the Soviets thought.
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