Bernie Sanders targets Walmart over $15 minimum wage

[Yo_Mama_Been_Loggin]

In his latest broadside against big business, Sen. Bernie Sanders, I-Vt., is introducing a bill Thursday that would prevent large companies from buying back stock unless their employees are paid at least $15 an hour.

The proposal is aimed squarely at the nation's largest retailer, Walmart, which announced earnings Thursday that beat analysts' expectations though revenue missed forecasts. The legislation is titled The Stop WALMART Act, or The Stop Welfare for Any Large Monopoly Amassing Revenue from Taxpayers Act.

"The Walton family, the owners of Walmart, are the wealthiest family in America with a net worth of about $180 billion. Meanwhile, most Walmart retail workers are working for horrendously low wages with minimal benefits," Sanders said in a statement to CNBC. "The wealthiest family in America must pay its workers a living wage."

After passage of GOP tax cuts, Walmart did increase its starting wage rate for hourly employees in the U.S. to $11 and expand some benefits. Still, the boost falls short of Sanders' target.

https://www.msn.com/en-us/money/companies/bernie-sanders-targets-walmart-over-dollar15-minimum-wage/ar-BBPKc2U?li=BBnbfcN

[tirebiter]

1. Unionize.

[TexasBushwhacker]

5. That's what it's going to take

Even if Walmart raises it's hourly wage to $15 an hour, they'll just cut worker's hours. They do that already. They also pay managers bonuses for keeping labor costs low. They'll classify young employees, who don't know better, as "seasonal" even after working for 9 months, so they don't have to offer them health insurance.

[Small-Axe]

2. I hope it works out better for them...

than it did for the Amazon workers who saw their yearly incomes and benefits cut.

[JI7]

3. this is why it needs to be law.

[NurseJackie]

7. That certainly would be more effective than having lawmakers badger CEO's...

... into making meaningless and superficial changes that may end up being worse than before.

[JI7]

9. depending on goodness of business usually won't go well

[Hassin Bin Sober]

6. Bullshit.

[Small-Axe]

8. Uh no. The Amazon workers lost their bonuses and stock awards...

..as the hourly wages were increased. Dozens of news reports say many (most) workers will take an overall pay hit.

[Hassin Bin Sober]

11. No one said "most"

A few pro business columnists found a few wannabe amazon stock millionaires formerly making $10-11 bucks an hour.

The pay is higher AND guaranteed. Not subject to take-backs if the employee gets sick and misses work or misses a target (either individually or as a group).

Maybe next you can tell me all about the poor farmers getting screwed by the “death tax”

[Small-Axe]

13. Perhaps I better read the New York Times Bestselling author Bernie Sanders new book...

Available for pre-order now at Amazon and Walmart?

[Hassin Bin Sober]

14. You should. Now you don't have to feel guilty about it!

[Power 2 the People]

15. Spot on Hassin

[at140]

4. I love that idea!

Why reward the corporations for under-paying employees.

[JI7]

10. how about passing a law that increases minimum wage ?

[InAbLuEsTaTe]

12. Bernie demonstrates his progressive chops once again-why he's 1 of the most popular pols of our time

[tirebiter]

16. Take the power and unionize.

It takes a contract to make things real.