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Former Walmart UNITED STATE Chief Executive Officer Bill Simon says retailers and local business will 'struggle' and also 'see obstacles' if the base pay is increased prior to the economic situation recovers from the pandemic. He also reviews just how the pandemic has influenced merchants.
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House to vote on $1.9 trillion coronavirus stimulus package this week
Former Walmart U.S. CEO Bill Simon argues retailers and small businesses will 'struggle’ and ‘see challenges’ if the minimum wage is raised before the economy recovers from the pandemic. He also discusses how the pandemic has impacted retailers.
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FOX Business Network (FBN) is a financial news channel delivering real-time information across all platforms that impact both Main Street and Wall Street. Headquartered in New York — the business capital of the world — FBN launched in October 2007 and is one of the leading business networks on television, having topped CNBC in Business Day viewers for the second consecutive year in 2018. The network is available in nearly 80 million homes in all markets across the United States. Owned by FOX Corporation, FBN is a unit of FOX News Media and has bureaus in Chicago, Los Angeles, and Washington, D.C.
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