Item 4( (2) - yearly increase of wage will increase with CPI of All Urban Consumers Price Index is a contract killer. There's no way I would ever sign a contract with language as generic as that. No minimums, no maximums, not every two years, but every year the business finds out on Dec 1st, what the Jan 1st LW target will be.
did my own data pull
(CPI - All Urban Consumers for Wash-Balt, you can pull up the table yourselves.)
There been a 34% increase from 2003-2012. 50% since 1996 where the baseline originates.
For those saying the other big box stores already pay more than this....doesn't matter. I guarantee that all their CFOs are asking for each store#'s Operating Profit #s today, if there weren't already forewarned that this was coming.
I have no problem with DC raising their living wage, but to selectively hit 'big box' stores is vindictive and pandering. It's all fine and good for most here it seems as long as they hit what is currently defined as 'bad' companies.
Unforeseen (or well coordinated) consequences: Bet the commercial land just outside the area just jumped 10% automatically.
Edit: heh if an actual contract had emoticons I might just approve w/o reading. Anyway it's Section 4, part b, Item 2.