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Catherine Ruetschlin, policy analyst at Demos and the author of the study 
A study released this week by the think tank Demos calculated that if large retailers like Wal-Mart raised hourly pay so that employees working full-time made at least $25,000 a year and covered those costs by raising prices, customers
David Tovar, a spokesman for Walmart, which reported $16 billion in profit last year, says, “We believe we have very competitive wages that attract and retain millions of associates every day.”