What wage would businesses like to pay to make them more competitive on the...

I can't imagine why you would ask this question. The answer is nothing - $0.00. Corporations in general and large ones in specific (Walmart) pay as little as they can get away with. This is why there are minimum wage laws. Study the way that corporations did business before wage and labor laws came about. Many, like coal mines, paid only in "scrip" that could only be spent in stores owned by the company and the workers lived in company owned houses. Their rent was deducted from their pay. The company never paid enough to allow the workers to get ahead and as a result workers were in debt to the company no matter what they did. They were, in effect, slaves.
 
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