At Walmart’s annual meeting, management sided with Bernie Sanders on jacking up the minimum wage. But some say the company’s move is blatant hypocrisy. | Source: (i) Shutterstock (ii) JONATHAN ALCORN / AFP; Edited by CCN
Critics Slam Walmart for Siding With Bernie Sanders on Minimum Wage
By CCN: Walmart held its annual shareholder meeting on Wednesday. Normally these are dry events, but Bernie Sanders brought plenty of drama to this year’s edition. Sanders showed up, in person, to make his demands clear. These include a minimum wage of $15 for all Walmart employees and putting hourly workers onto the company’s board of directors.
Sanders Takes Shots at Walton Family
Sanders has made no secret of his anti-Walmart views in the past. He criticizes the Walton family for earning $25,000 per minute while employees earn just $25,000 per year. Earlier this year, he called the Waltons “Faces of Greed.”
In an interview with CNN, Sanders said about Walmart employees:
“They cannot simply be cogs in a machine. To be a human being means that you have some ability to control your life. And that includes your work life.”
Walmart offers a minimum wage of $11 per hour at the moment. Additionally, counting other benefits and bonuses, the company says its average wage is greater than $17 per hour. But Sanders says that this is still unacceptably low. And activists note that rivals such as Target and Costco pay significantly more than Walmart.
A Higher Minimum Wage Could Help Young People
Ro Khanna, who served in Obama’s Commerce Department, summed up the argument for a higher minimum wage:
In recent years,