People don’t go into business thinking of how many people they need to produce their product. They go into business to make money producing their product and fill that need with workers “willing” to work for the wage they’re paid. People do not go into business to be a welfare organization.
I agree completely.
I was on another forum that was trashing Lee Scott, the former CEO of Walmart and the Walton family, for their GREED and the money they made.
In Lee Scott's final year with Walmart he made $27 Million.
There are 2 million Walmart employees. If divided up amongst all Wamart employees, that would be $1.35 each. Not enough to make the slightest scratch of an impact on an employees life.
The Walton family owns 48% of Walmart stock. Walmarts profits were $16 Billion (at a 3.25% ROI [nothing stellar])
I figured Walmart has about 3 Billion man hours worked in a year. That means a little more than $2.50 an hour, if one were to deny the Walton family from making any profit.
In the BIG picture, not everybody's lives can be substantially impacted by Walmart paying more money.
A person starting out and willing to stick with Walmart and willing to work, can move along in Walmart, eventually making an OK to very good income.
BUT the AVERAGE person working at Walmart has no skills, beyond what they are using at Walmart. Skills which could make them more money somewhere else, doing something else. Its not Walmarts fault that these people don't have any skills. Walmart will take someone with no skills, and if the person is willing to work and apply themselves, Walmart will train them with a skill set that can be applied at Walmart and used for further advancement.