Retail giant could easily pay its employees more, UC Berkeley report says
Walmart is plowing through its global responsibility goals, cutting down on plastic waste, improving energy efficiency in factories, and reshaping the crop diversity of entire U.S. regions. But it's doing a less-than-stellar job when it comes to doing right by its workers. According to a new report (.pdf file) from the University of California, Berkeley, Walmart could significantly raise the wages of its employees without affecting its low prices. Chronically underpaid people around the country could benefit.
When Walmart inevitably moves into cities like New York City, Boston, Los Angeles, and San Francisco (all places where it wants to expand this year), its cheapskate policies could actually lower the local average wages. And since the costs of living a comfortable life march inexorably upward (especially in big cities), this is a problem for all of us.