According to the analysis Deep Analysis: Why Wal-Mart Should Increase Income Standard for Its Workers, researchers had the following findings -
1. Aid workers living in Poverty
About half of the increased wage would go in to families in poverty. Those workers can gain around $1600 to $6500 more per year which greatly aids their poverty status.
Check how the low income families can benefit from increased Walmart wages?
walmart should increase minimal wage
Check how much Walmart workers can increase in more details?
2. How the wage increasing in ways affect consumers?
It’s not mean that Wal-mart will suffer a lot by increasing its minimum wage, in fact, as to the report, even Wal-mart passed all of the money investing to increase wages to consumers; it only increases price by 1.1% or no more than $0.5 for each shopping process which is quite small. On the other hand, because of many factors involved to control ups and downs of price, price increase can also be absorbed by other reasons.
Check how increasing income affects consumers or not?
how the increase in ways affect consumers
Conclusion:
Walmart should increase minimal wage level because it will help increasing minimal wage and at the same has very little effect on consumers.