Friday, June 20, 2014

Shocking News!!

Only 28% of Americans view Walmart unfavorably. I was shocked when I read this statistic. Holy Kattootie, I thought to myself. Why would anyone not be critical of the largest employer in America when the low wages it pays costs taxpayers $900,000 each year in subsidies for the employees at each Walmart superstore? The average “associate” at Walmart makes $8.81 an hour — poverty wage — according to the market-research firm IBISWorld, as of 2011. These poverty-level wages force thousands of employees to look to food stamps, Medicaid and other forms of welfare. The various subsidies cost taxpayers more than five thousand dollars ($5000) per employee. The huge total cost to taxpayers is staggering as the 1.4 million hard-working employees of Walmart look for help from the government just to get by. Walmart made $17 billion in profits last year. Executive compensation for one man at the top of the food chain was more than $20 million a year, and the six heirs of the founding Walton family are now worth at least $150 billion.

The up-shot; Working at Walmart may not make one poor, but it certainly keeps one poor — at the expense of the rest of us. Unless your last name is Walton! 

Just saying . . .

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