Mayor Vincent Gray vetoed a bill on Thursday that would force Wal-Mart Stores and other large retailers to pay their employees at least $12.50 an hour, calling it a “job-killer” that would not advance the goal of providing a living wage for workers in the District of Columbia.
The city council passed a bill saying large retailers would have to pay $12.50 per hour as a minimum wage. Their mayor, thankfully for society, vetoed the bill. If this was passed, Wal-Mart indicated they would not build as many stores. Other stores surely wouldn't build in Washington as well.
For those businesses that stay, they would also both try to rely more on machines (self-scanning machines, for example), and also not hire the less productive ($8-$10 per hour value ) workers and instead hire those who actually are worth $12.50 or more per hour to the firm’s profits. This is one of the few good news stories about minimum wage that I've heard recently.
Unfortunately, the council still could override the mayor’s veto.