Wednesday, February 19, 2014

Wal-Mart 'looking' at support of federal minimum wage rise

Bloomberg reports:
Wal-Mart Stores Inc. (WMT:US), the largest private employer in the U.S., said it’s looking at supporting an increase in the federal minimum wage, breaking with business and industry groups that oppose such a measure.

Wal-Mart shows how they are on the same page as the Center for American Progress which they fund. It's all about limiting competition and raising prices. No word yet on this story from Professor Eric Alterman (Democrat-Wal-Mart).