Wal-Mart said last week that it would halt plans to open stores in D.C. because of a minimum-wage hike that would mandate a minimum hourly pay of $12.50.
Executives said the pay increase would drive up prices for consumers.
So how much would a higher minimum wage cost shoppers at Walmart?
About 46 cents per trip, reports Caroline Fairchild at The Huffington Post.
That figure is based on a 2011 study by CUNY's Stephanie Luce and University of California Berkeley's Ken Jacobs and Dave Graham-Squire.
"Even if Wal-Mart decided to pass 100 percent of the cost on to customers, store prices would still only increase by 1.1%," Fairchild writes.
Because the average customer spends $1,200 per year, that would amount to about $12 annually.
A Wal-Mart spokesperson said that anyone who thought price increases would be small had "limited understanding of how a business operates."
Read more: http://www.businessinsider.com/what-a-walmart-wage-hike-would-cost-you-2013-7#ixzz2ZhQWCNtJ
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