Wal-Mart not to open three stores in DC if minimum wage proposal is approved

Wal-Mart not to open three stores in DC if minimum wage proposal is approvedThe largest retailer in the world, Wal-Mart has said that it will not open three planned Wal-Mart stores in Washington DC if the lawmakers in city approve a super-minimum-wage proposal into law.

The warning comes just a day before a vote on the matter in the city. A team of company officials and lobbyists were present at John A. Wilson Building on Tuesday to deliver the company's plans to the government. The company is trying to use its jobs and low-priced goods to fight legislation that could impact its profits and also set an example for other states in the country.

Mayor Vincent C. Gray described the comments from Wal-Mart as discouraging and said that he might consider a veto on the bill. The D. C. Council bill will make it mandatory for the retailers with corporate sales of $1 billion or more and operating in spaces 75,000 square feet or bigger to have a minimum pay of $12.50 an hour. The city's minimum wage at present is about $8.25.

Wal-Mart has said that it would open six stores in the area employing up t0 1,800 people. The new law would also effect other retailers such as Home Depot, Costco and Macy's but will offer an exception for those with unionized workforce. Alex Barron, a regional general manager for Wal-Mart wrote in a media article that wage requirement will add to the costs and will create an uneven playing field and effect profitability of the company's D. C. stores.