Bernie Sanders to Unveil 'Stop Walmart Act,' Wants Retailer to Boost Wages [TheStreet.com]
Walmart Inc. (WMT)
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Source: TheStreet.com
Bernie Sanders seeks to push America's biggest employer to raise wages for nearly 1 million workers as the retail giant announces strong third-quarter profit. M. Corey Goldman Nov 15, 2018 12:45 PM EST U.S. Sen. Bernie Sanders (I-Vt.) announced on Thursday, Nov. 15, that he will unveil legislation that would prevent Walmart Inc. ( WMT ) and other large companies from buying their own stock unless they pay all their workers a minimum of $15 an hour, among other benefits. The legislation, called the Stop Walmart Act, is designed to pressure America's biggest employer to raise wages for nearly 1 million workers, according to a statement released by Sanders and first reported by the Washington Post. Specifically, the bill would stop Walmart and other large corporations from buying back
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