Earthchangers College

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Wave of Black Friday Strikes Kicks Off as Walmart CEO Steps Down

When big companies like Wal-Mart don't pay their employees living wages, taxpayers take up the slack in the form of welfare benefits.  I've heard that the Walton family made $17 Billion in profits last year.  To pay their employees $12/hr ($25,000/yr) would cost $2 Billion.  If these numbers are correct, you have to wonder why they can't "afford" to pay their employees a living wage.

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Comment by Jason D. on November 29, 2013 at 6:45pm

It would be interesting to see Walmart's financials. I'm curious if they paid off all the building costs of those massive box stores or if they have a huge mountain of debt.

Comment by Byron wilkins on November 29, 2013 at 5:32pm

They are no better than common Heroin dealers.

Comment by Cheryl Nelson on November 29, 2013 at 5:11pm
Yep. That's how they make their $17 Billion in profits.
Comment by Byron wilkins on November 29, 2013 at 12:53pm

Cheryl  to add to that while purchasing non American items to sell to Americans.

Comment by Cheryl Nelson on November 29, 2013 at 12:38pm

You're right, Jason.  And they know.  But I don't think the largest employer in the U.S. should get their employees' pay subsidized by the taxpayers when they are capable of doing it themselves, and still make generous profits. 

Comment by Jason D. on November 29, 2013 at 12:33pm

If Walmart can do price checks to make sure a gallon of milk beats the price of a competitor, then they can do gross/net pay checks to make sure their employees (internal customers) are as valuable as their external customers.

Comment by Byron wilkins on November 28, 2013 at 11:28am

Today China Mart tomorrow the White house.


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