Walmart now starts employees at over $10 per hour in all US markets. The “median” income used in this article includes part-time employees - intentionally shifting that “median” downward (and no - the average Walmart Employee is not getting rich).
...”intentionally shifting that “median” downward (and no - the average Walmart Employee is not getting rich).”
Okay, so they have to work only 500 years versus the 1000 to earn what the ceo earns?
Walmart employs 2.1 million people world wide.
Doug McMillian earned $22.2 million last year.
IF... the AVERAGE employee worked 20 hours a week, 50 weeks a year, that equals 1,000 hours a year average.
Multiply 1000 hours by 2.1 million people,
That’s 2.1 BILLION man hours worked
that’s about 1 cent an hour from all employees
Not enough to affect anyones pay.
Meanwhile,
McMillan oversees 11,695 stores worldwide
and makes decisions that affect 2.1 million people.