Charity Is Not a Substitute for a Paycheck: Walmart Can Afford to Give Workers a Raise

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Demos Senior Fellow Rich Benjamin joined the Money with Melissa Francis panel to discuss the bad publicity resulting from the release of a photo showing a food drive for needy Walmart workers.

Rich provides one solution for Walmart. Namely, by investing in its workforce rather than buying back its own stock, Walmart can afford to give its low-wage workers raises of nearly $6 per hour without raising prices on goods. In so doing, Walmart would take responsibility for its employees, rather than relying on taxpayer subsidies in the form of public services like food stamps. 

And as the nation's largest retailer, these actions can set the standard for businesses across the country, boosting the economy and creating new jobs in the process.

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