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  • Wal-Mart could hike pay and keep prices low: study

    06/16/2006 12:33:44 PM PDT · by KneelBeforeZod · 71 replies · 1,049+ views
    Reuters ^ | Emily Kaiser
    Wal-Mart Stores Inc. (NYSE:WMT - news) could significantly increase employee wages and benefits without raising prices, and still earn a healthy -- albeit smaller -- profit, research released on Thursday concluded. The Economic Policy Institute study comes as the world's biggest retailer faces a barrage of criticism from labor unions, politicians and community activists, who say it pays poverty-level wages and drives competitors out of business. Wal-Mart, which has taken steps to improve its health care and other benefits, argues that its low prices boost consumers' buying power and increase their standard of living. The retailer regularly cites a Global...