Monday, November 25, 2013

Walmart Can Pay Employees Fair Wages Without Raising Prices

I'm not critical of the fact that a Walmart in Cleveland is again promoting a Thanksgiving food drive for some of its needy associates, an idea initiated by some caring co-workers. Sharing is always a good thing, wherever and whenever it happens.

But the scandal of this is that the world's largest retailer and most profitable corporation is netting some $15 billion a year while its associates, some of them getting less than 40 hours a week, are earning at or just above minimum wage. Walmart remains a family owned business, with the Walton family controlling over 50% of its stock and raking in most of these profits.

According to Scott Keyes on the website, Walmart’s President and CEO, Bill Simon, admits that most of its one million associates average less than $25,000 per year (the federal poverty line is $23,550 for a family of four). Keyes also notes that when the Washington DC city council recently passed a living wage bill requiring a minimum of $12.50 per hour, the chain threatened to shut down its new stores if the Mayor didn’t veto the bill. He did.

Meanwhile, I'll just keep vetoing Walmart.

 And here's a petition to all of the retail giants who can't even wait for Black Friday to start raking in Christmas profits: Give your workers a break on Thanksgiving Day, or we will boycott you during this entire holiday Season. 
Post a Comment