The Washington, D.C. City Council voted Wednesday to pass the Large Retailer Accountability Act (LRAA), which requires big-box retailers to pay workers an hourly wage of at least $12.50. The proposed wage represents an increase of nearly $5 an hour from the District’s $8.25 per hour minimum wage. Wal-Mart strongly opposes the “living wage” bill, saying that it will reconsider its plans to open six new stores in the D.C. area if the bill becomes law. D.C. mayor Vincent Gray now has ten days to sign the bill into law, veto it, or let it pass without his approval.
What do you think about the living wage legislation? Is it fair to force big-box retailers to pay higher wages? Let us know what you think, and watch this video from FOX Business to learn more.