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Woot!!!!

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The measure requires mega-retailers with over $1 billion in annual sales and stores of at least 90,000 square feet to pay workers at least $10 an hour in wages plus $3 in fringe benefits by mid-2010. The current minimum wage in Illinois is $6.50 an hour and the federal minimum is $5.15.
Only step by step can we change the world! Yay Chicago! Death to Walmart! (ooh is that against the UA???)
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But what about this?

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Wal-Mart spokesman John Bisio said earlier that if the measure passed, "We'd redirect our focus on our suburban strategy and see how we could better serve our city of Chicago residents from suburban Chicagoland."
So no job is better than a lower paying job? What about letting the market dictate the wages? If Walmart cant get enough employees at $8, then they will pay $8.50, and so on. They are already averaging more than the $10 without a law in place.

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Wal-Mart said that its average hourly wage is almost $11 an hour in the Chicago area and that the lowest wage that will be paid at the new West Side store will be $7.25 an hour.
 

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It's mixed, IMO. The sections of the city without a WalMart are *seriously* underserved by retail. It took work to even get a freaking Starbucks on the south side a few years ago - now there are a bunch, but that first one was an uphill struggle on the part of the alderman.

If WalMart won't move in, there's no guarantee at all that other retail will instead.

I do think WalMart should have to pay a living wage, so I'm mostly supportive of this, but there are implications for poor and underserved neighborhoods who would love a WalMart.
 

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It's all good if the big businesses actually go in/continue within the city limits, but it doesn't sound like it will effect Wal-mart at all, since they'll just operate on the outskirts to get around the law. *And adding to the financial strain on those in the inner city that would have to commute OUTSIDE of the city limits for a job there.*

Quote:
Wal-Mart spokesman John Bisio said earlier that if the measure passed, "We'd redirect our focus on our suburban strategy and see how we could better serve our city of Chicago residents from suburban Chicagoland."
 
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