“Bad jobs cost companies a lot more than they realize.”
On July 9, a Walmart representative told the Washington Post, that the retail giant would not pursue three planned D.C. stores if the city council’s living wage legislation—which would require major retailers to pay workers at least $12.50 per hour, instead of the current $8.25—passed.
At the center of Walmart’s case are arguments that have been made pretty much any time any city tries to raise the wage standard for its workers: that higher wages are anti-business and negatively impact consumers.
But really, much of Walmart’s historical fight against fair pay has been debunked.
Like the myth that higher wages means fewer jobs.
"Part of the reason why higher wages don’t mean fewer jobs," says employment analyst Jack Temple, "is because higher wages offset high turnover." When you pay people more, they tend to stick around, and that gets rid of costs in new hires and absenteeism.