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The Wal-Mart Weekly: The living wage ordinance rears its head

Welcome to the 39th installment of The Wal-Mart Weekly, a column dedicated to bringing you insight, wit, facts, results, opinions and just a bit of everything else when it comes down to a very hot topic these days: Wal-Mart.

Last week, I looked at a recap of Wal-Mart Stores, Inc. (NYSE: WMT) Black Friday and Cyber Monday sales and related marketing efforts. This week, I'll be talking about a "Black Sheep" when it comes to Wal-Mart's employee pay policy -- the "Living Wage," as it's been called.

This is the wage that would significantly up the amount of pay many Wal-Mart employees would see in their pockets while not affecting pricing very much from the consumer standpoint. Sounds like an oxymoron, doesn't it? Any slight upward movement in pricing would be seen by Wal-Mart's price-savvy customers, yet the retailer is constantly bombarded by accusations of low pay. How can it mesh the two for a solution?

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