Last week, Walmart stunned the world of retail by announcing that it will give half-million low-wage workers a raise in April to $9 an hour, with the promise of $10 an hour by February of next year. Low pay has created image problems for America's biggest private employer, while reduced unemployment means new competition for workers. But even $10 is hardly enough to support a family, and labor advocates are pushing for $15. As some cities and states increase the minimum wage, we hear what life is like at the lowest end of the pay scale.
Walmart, the Minimum Wage and the Working Poor
Josh Eidelson - Bloomberg BusinessWeek - @josheidelson, Linda Tirado - author - @KillerMartinis, Karen Harned - National Federation of Independent Business Legal Center - @NFIB, David Cooper - Economic Policy Institute - @metaCoop