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Description: Employees of the big box store are planning a national day of protest for higher wages. Economist Richard Vedder on why we’ll all be in trouble if they get their way.

Source: Thedailybeast.com

Date: Sep 05, 2013

Link: http://www.thedailybeast.com/articles/2013/09/05/why-we-ll-be-better-off-if-the-walmart-protests-fail.html

Questions for Discussions:

  • How would a jump in minimum wage to $12/hour affect companies now paying substantially lower wages?
  • How would financial planners likely respond to an increase in hourly rates?
  • What are the arguments for and against confronting employers like Wal-Mart?

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