WalMart Profits Up After Raising Wages

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Wal Mart has surprising result after raising wages.

Retailers quickly responded to Wal-Mart’s announcement of a higher minimum wage this spring. They were concerned that higher wages would mean lower profits.

Those retailers don’t appear to be hurting.

Here’s a report from the 1920s in the US.

The money was all appropriated for the top in the hopes that it would trickle down to the needy. Mr. Hoover didn’t know that money trickled up. Give it to the people at the bottom and the people at the top will have it before night, anyhow. But it will at least have passed through the poor fellows hands – Will Rogers

Trickle Up!