Dylan Tweney
Founder of Tweney Media. Formerly editor-in-chief of VentureBeat; previously Wired, Business 2.0, PC Mag, Mobile PC.
by coincidence, the difference between Walmart wages and a $15 minimum wage for their US workers (approximately $5 billion/year) is not that far off from the $6 billion/year that Walmart workers are subsidized via Federal supplemental nutrition assistance (SNAP, formerly known as “food stamps.”)
Why The Game of Business Needs to Change Its Rules
Tim O'Reilly
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That doesn’t seem coincidental. That seems like a federal subsidy for Walmart. And it also confirms that a $15 minimum wage is the correct level to eliminate most of the need for that subsidy!
