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So the battle is on a DC Wal-Mart is threatening to pull the plug and at least three stores in the area if it is forced to pay employees their quote living wage that's what they're calling it.
A twelve dollars and fifty cents an hour it is more than four dollars above the current minimum wage it is all based on a bill.
That passed a few minutes ago it is specifically targets mass retailers like Wal-Mart the mayor has ten days to -- -- it.
Does this -- any economic sense joining me now our National Labor Relations Board chairman.
Peter Schaumburg and we have from.
What is the impact of this so if you save that Wal-Mart has to go ahead and -- people twelve dollars and fifty cents an hour where does that money come from.
Well that's a question you know a Wal-Mart is unfairly being portrayed as the bad guy.
And that they -- oppose this bill because it will impact and lessen their profits in fact what Wal-Mart has said this has a certain business plan this business plan allows it to.
Hire hundreds of thousands of employees and to offer products to consumers at low prices.
And that paying -- the the the living wages because as you call that you know will inhibit -- from doing so.
Rich you know it seems like it doesn't make economic sense and that it is targeted specifically at Wal-Mart and -- it applies to other retailers in -- like Home Depot -- -- Macy's.
But there's a grand fathering in period and there's also an exception.
For those with a unionized work force and we tried to see who else it would apply to it's like.
It would only apply to Wal-Mart which would then just not open the six stores so it means 18100 last jobs in the area.
Well analysts the question becomes economic sense for who economic sense for the community for economic sense for the Wal-Mart family.
Now in 2007.
I was in Forsyth County Georgia which is an upscale predominately white community.
The -- and I got it on your shareholders I mean that you -- -- it's not like there's a Wal-Mart guy out there.
-- is collecting all this money keeping it in the did you hear what they're Conley any -- your lives though -- attention is lower than 37%.
But that -- exotic however American they're twenty billion dollars the money is gonna come from.
Higher prices in the store.
Which is passed on the consumer so all of us you and me.
Or it's going to come from that they're just gonna have fewer workers that they're not gonna hire people -- areas of the -- are gonna be there at all.
But wages matter as much as prices matter -- consumers in on the wars if you have consumers who.
If you have wages where it hollows out the middle class.
And you don't have people who can actually spend the money that affects the community.
But as I was saying when I was in that community in Georgia I heard first hand these people's concerns concerns about contesting traffic.
Concerns about wages and sewer treatment and water treatment Wal-Mart uses public resources so it's only wise -- -- -- community -- It makes it's interesting in the bottom line -- he -- the livable wage they don't want the store that's -- it's about it that they don't want the congestion they don't want to not create this statement like that they don't want to stop that they don't want the store is that they are not allowing Wal-Mart to dictate the terms of the store.
And they -- Melissa can I jump but likes to act like the bully out and easiest stood up to that.
And end his bullying back in Peter it sounds like they're saying we just don't want your store only witnessed we don't expect is that they're trying to completely block Wal-Mart from coming in -- thing.
I'm not gonna haven't paid -- prices and they're saying that's fine with us we don't want your 18100 jobs.
You know the DC City Council doesn't do a very good job of its own budget.
It like spending other people's money and now want to spend -- much money but the fact that matter at Wal-Mart doesn't have to do business here.
At a Wal-Mart decides not to come into the visited Colombia the community is gonna lose not only do we lose 2000 jobs.
We we lose we lose a retailer who provides food and products at a very low price.
This city will lose hundreds of thousands up millions of dollars in tax revenue.
And the businesses out will be spawned by these Wal-Mart stores we'll never open British and what what I -- acceptable of that find it biggest but is out on the goods.
On the chaos I want Bernie -- those 18100 mediocre jobs on wal -- terms.
Are not worth okay the benefits that Wal-Mart pretends that it's giving people in Wal-Mart in Minnesota.
Work full time and yet there's still eligible for public assistance because Wal-Mart.
It would be interesting to go up -- 18100 unemployed people in DC and see if they would rather have a job at Wal-Mart or no job at all.
Be interesting gentlemen thanks for coming on a debating it could debate thank you -- marvelous last.
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