The District of Columbia City Council recently passed the Large Retailer Accountability Act that the mayor still needs to sign. Retailers, who are part of a larger company with revenue over $1 billion per year and occupy more than 75,000 feet of retail space, will be expected to pay all employees at least $12.50 an hour. In effect, the City Council has decided Walmart should be required to pay better wages than the $8.25 minimum wage everyone else is required to pay. Economic conditions in retail for the District of Columbia suggest possible surprises...
Thursday, 12 September 2013
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