So long as Walmart is paying $9 an hour, and cutting hours to less than 32 so they can avoid providing their rather minimal health insurance to workers, they will have problems now that unemployment is going down.
On the other hand Walmart Real Estate continues with its plan to put small businesses near Walmart out of business so they can capitalize on their real estate business. They really don’t care if the store looses money and fails, the real estate profits is their goal in a number of places, especially a city with a hot market.
“Welcome To Walmart Realty
Walmart Realty, a division of Wal-Mart Stores, Inc., is a real estate company that offers many development opportunities nationwide. Walmart Realty concentrates on commercial real estate located in or around our current and former locations. Walmart Realty’s mission is to find businesses to open in our former stores and clubs and to locate in available property around our stores. At Walmart Realty, we believe we have a responsibility to work with communities to find a use that generates economic growth and opportunity. We work at the local level with local brokers, economic development officials and elected leaders to find partners that best suits the needs of each local community.”
Note: The “elected leaders” are no doubt given campaign money to encourage them to favor new Walmart stores.
Unemployment is going down because nearly 8 million able bodied have left the work force since Obama.
When no one is employed, unemployment will be Zero. How fitting! Just keep voting the status quo, and we'll get there before one can say ‘socialism’.
Why work when $32,000 a year is available in benefits and cash on the dole?