re: #151 Sol Berdinowitz

Schiff, the founder of Euro Pacific Capital, approached shoppers in the retailer’s parking lot and told them he was representing an organization called “15 For 15.” He said the organization — which doesn’t actually exist — wants Wal-Mart to raise its prices by 15% to support a $15 minimum hourly wage for workers.

Why would Wal-Mart have to raise prices by 15% to cover an increase in wages?

Oh…so the Walton family does not have to see any reduction in the money they earn. That would be criminal!!!

That really is the unspoken reality of all the pearl-clutching over prices going up if the minimum wage goes up, the worry that execs and investors might have to accept a little less to pay workers a little more.