The bill requires companies with more than 10,000 Maryland employees to spend at least 8 percent of their payroll on employee health care or pay the difference into the state’s Medicaid fund. Of the state’s large employers, only Wal-Mart spends less than 8 percent on health care.
The company employs about 17,000 Marylanders at more than 40 Wal-Mart and Sam’s Club stores, and about 1.3 million people nationwide.
I see three possible results; Wal-Mart will pay less in payroll (i.e. hire less people), Wal-Mart will pay its employees less or Wal-Mart will raise prices. None of these outcomes actually benefit employees.
Wal-Mart competitors will benefit to the decreased competition which is the ultimate goal of Wal-Mart opponents isn’t it? Any policy that damages Wal-Mart has to be good.