Walmart is denying a Bloomberg report that said the nation's largest private employer is considering supporting an increase in the minimum wage.
"We are not at all considering this," Walmart spokesman David Tovar told The Huffington Post Wednesday afternoon, just after Bloomberg published the story. [...]
A higher minimum wage could be a boon for Walmart's sales.
"Walmart caters to workers on a budget, and they can expect that if those workers get an increase, they will spend the money in their stores," Catherine Ruetschlin, a policy analyst at Demos, a left-leaning public policy organization, told The Huffington Post in September.
Walmart has been suffering in recent months because its customers simply don't have the cash to spend at its stores. The company recently blamed lackluster sales on a recent GOP-led push to cut food stamps, which reduced benefits for all 47 million Americans enrolled in the program.
