Posted on 12/29/2014 4:17:19 AM PST by HomerBohn
That 17 billion is GROSS profits, not net. Big difference.
How much is stocking shelves worth in a free market economy?
So why does it need 2.6 billion dollars of help from the U.S. government?"
Not agreeing with the author's premise, but didn't he answer his own question here?
420k per store isn’t even a rounding error.
The problem here isn’t that Wal-Mart’s wages aren’t high enough. The problem is that the welfare state is too generous. The state makes it easy for people to never aspire to anything greater than a low wage Wal-Mart employee and then leftists act shocked when people who perform simple tasks aren’t paid very much.
Lurking in the background here is that Wal-Mart likely takes in billions in food stamp purchases every year. Just about every food seller is on the dole and make no mistake their lobbyists are working hard to ensure food stamps aren’t cut back.
It’s a highly developed skill, like engineering, medicine, or the law, and should command similar compensation.
Shouldn’t it?
/sarc
“And of course this is not just a Wal-Mart problem.”
And most of the LIVs don’t know this thanks to they way this article and thousands like them had their titles strategically written.
It’s funny how no one seems to bash liberal Wal-mart also known as TARGET.
Why WalMart? Why not McDonalds, why no Progressive Insurance? Why not General Motors? Why not Amazon? Why not Apple? Why not Microsoft?
What this author is advocating is nothing more than fascism - effectively taking over business and directing its operations for “the good of the peoples.”
Because the government chooses to set income limits that allow WalMart employees (or any other employees in scores of other companies and industries) to receive government benefits is not WalMart’s problem. It is the problem of this government pandering to selfish instincts. The solution for it is real education in substantive areas, hard work and discipline.
Never mind just corporations; how many employers in general (including small businesses) guarantee their workers wages that would prevent them from accessing welfare/food stamps, etc.?
If the government was concerned about this, they would police the borders so wages could grow according to supply & demand; instead they grant amnesties and H1-Bs to ensure wages remain stagnant (actually shrinking)...
How many military families receive food stamps?
Food stamp use among military rises again
http://money.cnn.com/2014/02/17/news/economy/military-food-stamps/index.html
I really get tired of Walmart bashing.
>>How much is stocking shelves worth in a free market economy?
We went toy shopping for a charity group early in December. We had some specific requests from the director, and we filled up a cart at Target and at Wal-Mart.
The toy department at Target was neat and orderly. The one at Wal-Mart looked like a bomb had gone off. The two stores in question are about 1/2 mile apart.
FWLIW
And you expect a liberal to understand that?
Does the author realize how many employees a typical Wal-Mart supercenter employs?
Thus leaving the Walmart workers even worse off.
Anyone in this country with anything approaching normal intelligence could be taught to make six figures in sales within 2 weeks to 2 months. The fact that most people reject that option on its face makes me pessimistic about the US.
Where?
Marxism is alive and well. This kind of “thinking” never got the derision it deserved at the end of the Cold War.
The author states that Wal-Mart employs about 1.2 million people in the U.S., then points out that a lot of them are on some form of public assistance because they aren't paid well enough. There seems to be an underlying assumption here that Wal-Mart would still be employing 1.2 million people if they paid them all more. That simply is not the case at all, and this is proven time and time again in cases where companies or entire industries pay very high wages due to market forces or union agreements.
Apple, for example, generated $171 billion in revenue and $37 billion in profit in 2013. It also pays its employees very well. And yet it only employs about 50,000 workers in the U.S. -- less than 5% of the Wal-Mart employee base.
Now I know the industries are completely different, but what would the author say to the hundreds of thousands of Wal-Mart employees who would lose their jobs just so the company could pay the remaining employees better wages?
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