Bernie Sanders Goes to Walmart

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Manage episode 235765134 series 2422509
By Sara McPherson and John Norris: Chief Economist with Oakworth Capital Bank. Discovered by Player FM and our community — copyright is owned by the publisher, not Player FM, and audio is streamed directly from their servers. Hit the Subscribe button to track updates in Player FM, or paste the feed URL into other podcast apps.

Last Wednesday, Bernie Sanders traveled to Walmart’s annual shareholders meeting to demand that Walmart increase wages to $15/hr. In episode 42, John and Sam talk about the effect that would have on employers in areas that are not as wealthy as San Francisco and New York. If employee related costs went up, would employers hire less people? Would they be forced to raise prices on consumers? Although the idea of increasing wages for everyone sounds great, the overall economic impact could be devastating.

56 episodes