“This higher city minimum wage eliminated the jobs of the very workers advocates wanted to help,” James Sherk, a research fellow in labor economics at The Heritage Foundation, said.
Oakland’s Minimum Wage Is Up, Wal-Mart Is Out
A minimum wage of $12.55 an hour in Oakland, Calif., may be the culprit for a Wal-Mart store’s closure.
Wal-Mart announced Jan. 15 it will close 269 stores globally, including 154 locations in the United States—affecting about 10,000 associates across the nation.
“The minimum wage in the city of Oakland played a factor, was one of the factors, they considered in closing the stores,” Oakland City Councilman Larry Reid told the San Francisco Chronicle.
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The Heritage Foundation is the nation’s most broadly supported public policy research institute, with more than 453,000 individual, foundation and corporate donors. Heritage, founded in February 1973, mission is
to formulate and promote conservative public policies based on the principles of free enterprise, limited government, individual freedom, traditional American values, and a strong national defense.
