Along with Rep. Ro Khanna, D-Calif., Sen. Bernie Sanders, I, Vt., has introduced the Stop WALMART Act, which aims to get the company and others to up their minimum wage
Following their campaign to raise wages at Amazon, Sen. Bernie Sanders, I-Vt., and Rep. Ro Khanna, D-Calif., have unveiled legislation with the aim of raising wages at Walmart and other large corporations.
The Stop WALMART Act would prohibit large employers from buying back stock, as the mega-retailer plans to do, unless they do the following:
Pay all employees a minimum of $15 an hour, including part-time employees, independent contractors and franchisee employees
Permit employees to earn up to seven days of paid sick leave for themselves or to care for a family member
Ensure that CEO compensation, or that of the highest-paid employee, isn’t more than 150 times the median pay of all employees.
“While tens of thousands of Walmart workers are struggling to survive, Alice Walton had no problem amassing a private art collection worth half a billion dollars,” said Sanders, referring to the daughter of company founder Sam Walton. “Enough is enough. The time is long overdue for the Walton family to pay its workers a living wage. If large, profitable corporations like Amazon and Disney can pay all of their workers a minimum wage of at least $15 an hour, so can Walmart.”
“Walmart has refused to pay its workers a living wage, resulting in costs for taxpayers of $6.2 billion for basic necessities for survival, food stamps and housing assistance,” noted Khanna. “If Walmart can find $20 billion for stock buybacks to further enrich the Waltons, it can find the money to raise the pay of its workers to a living wage. It’s time to put workers over wealthy corporation – across our nation, one company at a time. Today, I’m proud to join my friend Sen. Sanders in introducing the Stop Walmart Act to raise wages for Walmart workers.”
In the wake of the lawmakers’ earlier Stop BEZOS Act, named for Amazon founder and CEO Jeff Bezos, the Seattle-based e-retailer said it would raise its minimum wage to $15 for all full-time, part-time, temporary and seasonal U.S. employees, as well as advocate for a federal minimum-wage increase.