DC Democrats Pass $12.50 Minimum Wage Law… Wal-Mart Cancels Three Store Openings

“For every action there is an equal and opposite reaction.”
Isaac Newton’s Law of Motion

Washington DC Democrats passed a bill that would require retailers to pay workers at least $12.50 per hour.

Within hours of the decision Wal-Mart announced it was canceling three store openings in the area.
Nice work, Democrats.
WTOP reported:

The D.C. Council has passed a bill that would require large retailers like Wal-Mart to pay workers at least $12.50.

The bill now goes to Mayor Vincent Gray for his consideration. The 8-5 vote was short of the votes needed to override a veto from the mayor.

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In a statement, Wal-Mart says the Council has forced the retailer’s hands and it will abandon three planned projects in the District.

“We will not pursue Skyland, Capitol Gateway, and New York Avenue and will start to review the financial and legal implications on the three stores already under construction. This was a difficult decision for us – and unfortunate news for most D.C. residents – but the Council has forced our hand,” the written statement says.