If Walmart Paid Its Employees a Living Wage, How Much Would Prices Go Up?

With all this talk about raising the minimum wage and re-evaluating the food stamp system, people are beginning to wonder: what sort of impact would it have on me, as a consumer, if companies like Walmart were to raise the wage of their workers to a “living wage” – a wage at which a worker could afford basic food, shelter, and other living necessities without needing government assistance or food stamps? Would this raise in price be so severe as to prevent minimum wage workers, even with their adjusted salary, from being able to afford basic goods? Check out the answer in this video: