Walmart has “Everyday Low Prices“, but when Peter Schiff asked its customers to support ”Everyday High Wages” instead things became interesting. Peter posed as representatives of “15 for 15” a make-believe organization advocating that Walmart raise prices by 15% and use the extra cash to pay its low-skilled workers $15 dollars per hour.
Few shoppers supported their cause. Even those who felt Walmart workers should be paid more did not want to pay higher prices themselves to make it possible.
Those demanding higher wages for Walmart’s workers should consider the importance of low prices to Walmart’s customers.