ksen thinks its exploitive that WalMart has a profit of about 3 pennies on every dollar (aka the lib talking point that WalMart makes $15 Billion in profit)
http://ycharts.com/companies/WMT/profit_margin
ksen should brainstorm his own business plan and keep less for all his efforts and of course pay workers what they “need” ... in ksens “MoveOn.mart” his employees can bring in their mortgage and rent stubs, food bills, utility bills, cellphone bills, car payments etc
then he can figure out how much to pay each one
and of course in addition to ksen’s main concern of taking care of employees’ living costs, he’ll want to spend a bityof his time and energy figuring out how to offer a shopping experience that will drive the volume of sales he needs to keep MoveOn.mart in business and growing for customers and stockholders and employees...
because management of these issues at WalMart really is just done by a bunch of bloodsucking exploiters
http://ycharts.com/companies/WMT/profit_margin
The better measure is EBITDA which I talked about above. Here's a link to their EBITDA over the past few years.
ksen should brainstorm his own business plan and keep less for all his efforts and of course pay workers what they “need” ... in ksens “MoveOn.mart” his employees can bring in their mortgage and rent stubs, food bills, utility bills, cellphone bills, car payments etc
then he can figure out how much to pay each one
I never said anything about paying workers what they "need." I have argued that WalMart should be able to pay their workers better and provide better working conditions. What you've done is thrown out a red herring or built a strawman or whatever.
It's simple economics that paying their workers more will also result in higher sales for them since their workers seem to also do a lot of shopping at WalMart if they have more disposable income they will have more to buy additional WalMart products. But the modern generation of management doesn't think that way anymore. They've tossed old Henry Ford to the curb.
More people with more disposable income equals a win for everyone.
and of course in addition to ksen’s main concern of taking care of employees’ living costs, he’ll want to spend a bityof his time and energy figuring out how to offer a shopping experience that will drive the volume of sales he needs to keep MoveOn.mart in business and growing for customers and stockholders and employees...
Do you know how much goodwill WalMart could accrue if they worked toward helping to better their employees? That goodwill would translate into more sales and probably into less expense trying to open new stores since communities wouldn't be so adamant about fighting them every step of the way.
because management of these issues at WalMart really is just done by a bunch of bloodsucking exploiters
Well that part's true. ;D