BENTONVILLE, Ark. (KFTA) — Senator Bernie Sanders unveiled new legislation aimed at raising wages for Walmart workers, and capping what it’s top executives can earn.
Sanders says the stop Walmart act would prevent large companies from buying back stock unless their employees are paid at least $15 an hour.
Sanders says the stop Walmart act would require large companies with more than 500 workers to provide up to seven days of paid sick leave to employees or to care for a family member.
It would also limit executive compensation at 150 times the median employee wage.
In February Walmart raised its starting wage to $11 an hour and gave workers a one-time bonus of up to $1,000.
Walmart earned $13 billion in profits last year and the average worker is paid just over $19,000 a year.
Sanders says that’s not enough.
“Tax payers should not have to subsidize the wealthiest family in America by providing food stamps and Medicaid and other public benefits to workers that are working, and they are working hard. These working deserve a living wage and the wealthiest family in America can afford to pay that,” Sanders said.
In response to this, Walmart said “We have increased our starting wages by more than 50 percent in the last three years. While also adding new benefits like paid time off, advanced job training, paid family leave and college for $1 a day.”
Walmart also mentioned the quarterly cash bonuses associates can earn.
Back in October, Sanders called on Amazon founder Jeff Bezos to increase its starting wage to $15 an hour, which the company said it would do.