You are paying for it
 

Oh it's far worse. WalMart employs a total of 1.4 million and of those, 525,000 are full-time hourly workers. I don't think the company's VP's, attorneys and even over the road truck drivers qualify for assistance but then again nothing would surprise me.

Thus that $6.2 billion divided up between the 525K hourly employees comes to $11,809.52 per employee.

Next time the greeter says 'welcome to WalMart' tell them 'you're welcome'.

Great post and great study!:)

BTW We are ignoring the fact WalMart pays its hourly full-time employees somewhere between $12.25 and $12.83/hr. but why let facts get in the way of a 'movement'

Do people still realize it is not against the law to get a 2nd job?

WalMart's annual income statement speaks volumes.....

Using 2013 numbers

Total Sales: $469.16 billion. If we use Wisconsin as the example (as done in the original article cited) the sales tax comes to $23.45 billion

Salaries, wages etc. $88.87 billion. In WI the lowest State Income tax rate is 4.4% or $3.9 billion in State taxes, another $5.5 billion in FICA taxes and even if we use 15% as a median Fed Tax % it adds another $13.3 billion

Income Tax Paid by WalMart $7.98 billion

The WalMart Foundation handed out $1 billion to charity

All those billions add up to a grand total of $55.13 billion

Oh and let's not forget the newly discovered GM rule in that 77K workers represented 1 million ancillary jobs. Applying it to WalMart's 1.4 million workforce comes out to 18.18 million jobs, all paying State, FICA and Federal taxes.




http://www.marketwatch.com/investing...wmt/financials

the best part...walmart pays squat, workers get assistance, which walmart benefits from because their workers shop at walmart (but walmart employees discounts don't apply to groceries).
a win win for walmart.


i hope you saw the article i posted about what walmart would have to do to its pricing if it paid a living wage...1.4% increase. a whole penny higher on mac and cheese!!

But Zig there are 24 hours in a day, plenty of time for someone to have 3 jobs.. Note that 40 years ago when CEO's were paid 10x Average employee rather than 10000 times we were not in this situation. Some folks do not realize we ALL lose when wealth is concentrated like it is today. We are near 1927 levels of wealth concentration. Look what happened then.

No. Because large amounts of WalMart product is manufactured in Asia.

My stepfamily, as I think you know, is Cambodian. When I visited, in 2002, my cousin was earning $1 a day in a factory. In order for her to be able to take a family trip with us to Angkor Wat, I had to bribe the factory foreman $4 per day so that he wouldn't fire her for the four days she was gone.

That was almost 12 years ago. In 2014, she's lucky she wasn't one of the workers manufacturing product for Wal Mart who were shot by police:

http://www.ibtimes.co.uk/cambodia-wa...llings-1431677

40 years ago I was 10, my brothers were 8 and 5. My Dad worked two jobs while my mom worked part time. My brother and I went to private school paid for by my parents, we walked, my mom made our lunches and nothing was subsidized. My parents, at least until my dad left 2 years later and then my mom must have been amazing people.

Sorry to hear your story however unrelated to my point about our country being at levels of wealth concentration that pushed us into the Great Depression.

With all due respect - the concentration of wealth and the minimum wage are completely irrespective of each other. Corporations are able to farm out what used to be decent paying work overseas at a fraction of the cost which boosts profits exponentially and by extension performance and thus bonuses.

This is in no way an excuse for their actions; it's just a fact of life. We now have a glut of uneducated, unmotivated younger adults that at one time could have learned a quazi-skilled trade that would have afforded them a career - nothing glitzy, but a career that would allow them to raise children, and keep a modest roof over their heads until they were pension-elgible and were able to retire.

Plenty of welders, construction & assembly line workers, et al. Earned a living without handouts from the govt.

Those jobs are gone and they ain't coming back.

The quality jobs that are left these days require a level of intelligence, skill, and training and motivation that most of these folks screaming for handouts can't or don't want to achieve.

So just blame it all on the employers of minimum-wage workers - easy targets at least.

Just because some libtard want to believe some ridiculous line of bullspit about how raising the price of a box of mac and cheese by a nickel will magically solve all of these problems, doesn't make it so.

The problems that plague this economy run so deep that we may well never get back to what we previously defined a "prosperous middle class" - But if there are solutions, the path to them will come from addressing the root cause, not some media-charged straw man that incites division.

When WalMart is contributing $50 some billion in tax revenues in addition to almost $90 billion in wages and salaries, per year though how unfairly distributed it may be, we are far from the Great Depression or even a run of the mill depression but go ahead and believe the unskilled, un-under educated fuel the economy. Just as $1 in food stamps changes into $1.30 for the economy.

Then again just take a wad of money and every hour move it to another pocket if it makes you feel good.

First of all, with all due respect, I am no libtard, and it's a penny a box, not a nickel. Please stick to the topic and avoid personal tangents. As for it being bullspit....sorry, I will give weight to an economists study over your take on his study, just like I wouldn't take your opinion over Neil degrasse tyson if the subject was astronomy.
As for wages, and wealth...all wages, except to the very top earners have stagnated for decades. Profits are high, and pay to the top execs are far higher than ever before. Its disingenuous for these corporations to say they cannot aford higher pay to employees while exec pay skyrockets.
As for the old days, factory churn is in the red and has been for 15 years. Automation adad's to job losses...we have less employed along with higher then ever production. As an article I saw the other said, higher unemployment is the new normal.
Scientific gains allow us to produce more goods then ever, to take care of more people then ever, while making people increasingly unnecessary.
This country is still the number one manufacturer in the world, but the corresponding jobs aren't there.
Robots, atms, self checkouts, etc....
3 application that for every job opening. Those are facts, not thoughts, feelings, opinions.
GM used to be the biggest employer, now it's walmart. With jobs paying on average less than half what car makers were paid..
As for unskilled...we have more people going to college than ever, it's untrue we have more uneducated and unskilled people.

The root cause? It's wage stagnation, wages from bottom to near the top haven't kept pace as they should. And you can't just hope businesses will do the right thing, else they wouldn't have had to pass child labor laws, 40 hour work weeks, that owners can't lock all the doors and everyone die in a fire...

Dell why do you continually quote my post and then rant about something completely different then my point? :zz:

Just left a restaurant....it had a small 'ziosk' at every table.....now even waitstaff will be facing obsolescence.

We refused to use it. Never self check either

This cant end well.

http://www.policymic.com/articles/87...ampaign=social

I was at Chilis and used the "machine" I had to laugh at the check out it suggested a 25% tip - I thought wtf no short skirt ?

Maybe I am just a Dinosaur :(

See, short skirts dont do a thing for me..... ;)

Well, as long as people are willing to accept what has happened, there wont be an end...

You can only push too far. In a country with so many weapons in the hands of the populace there is potential for some real fireworks ahead.

Sorry it's probably too abstract for you to understand.

Similar to asking the WalMart Greeter where the printer ink is.

But as long as Danzig says more people are going to college it's all good.

Even though we know over 50% of young African American males in Chicago drop out of high school.

Again why let facts get in the way?


http://www.deloitte.com/view/en_US/u...56f70aRCRD.htm

Nah.. It's you Dell all that Private School learning and you have the reading comprehension of a sixth grader. When in doubt obfuscate the issue with a straw man. You counter Danzig fact with a statistic that may be true but has nothing whatsoever to do with disproving her statistic. The only fool you are fooling with this tactic is yourself.

Geez and I thought when Danzig wrote and I quote, "This country is still the number one manufacturer in the world" she meant the U.S.

Or in your mind is Danzig a better source than the world's largest accounting firm?

Wasn't addressing what you are commenting about but don't let that stop you:p

Jms, your quoting dell defeats the ignore feature.....

Google is useful. One would find stats indicating college now vs decades ago...including the fact that in the early 70s, 11% of americans had degrees. Its now 33% and rising, with 75% of hs grads now going to college.
One would also see that more and more people are now underemployed. But im sure its their own fault....:rolleyes:

How about the government distributing the $23.45 billion sales tax it takes in from WalMart sales every year?

Divided between WalMart's 525,000 hourly employees giving them each $44,666 or a $22.20 per hour raise.

People with Masters and PHD's are unemployed now too. That's what you get for leaving an H1B program in place to fix a problem 15 years longer than necessary.

This board is way too boring when I let you ignore Dell ;)

Then give them back the income tax the corporation pays, $8 billion a year.

Another $15,238 per employee or an additional $7.60 an hour

and, should one ask google what country is the number one manufacturer...why, its the us.

A recent stat showed we were outpacing china by 40%.

But....much like some believe the earth is 6000 years old, one can choose to believe what they wish regarding jobs, college, and the changes regarding buying power, what is making us more productive with less employees, wages and the like.

I loathe repeating myself to someone with their fingers in their ears yelling lalala. Swift is correct about reasoning with people who dont use reason. So i gave up

Underemployment is a huge issue....there are people with a lot of education who are questioning their decision to go to college, because they cant find a job...or cant find one that pays. So they take what they can get while hunting for better.....thus, they are lazy....right? Where my husband works, less jobs, more automation, same output. Less than half the jobs they once provided..with robots doing more and more work.
Then, as prices have risen, wages have not. Again, google and see the study of a car price in the 60s vs now, and the workers ability to buy that car vs now.

Or....one can just say thats all not so. But it is so

With an additional $12/hour average salary paid by WalMart we now have WalMart employees making $41.80/hour or $86,944/year.

Too bad it wasn't before the PETA thread.

Jms, i also wonder if people get their degree...cant find a job, so they go back to school and aork on masters, doctorates, thinking thatll help(and one hasnt got to pay student loans while in school) so now they have even more education...and still, one job for every three applicants.
We have made huge strides in technology, to keep up with demand, while hurting the very people our increasing technology is meant to help. I watch shows like modern marvels, tha5 show machines cranking out prudct at amazing rates...and wonder how many people used to do the jobs these machines do now. It used to be that if you needed to produce more, you hired more people or added shifts or built another factory. Now, you just install another machine.

http://www.thewire.com/politics/2014...#disqus_thread

This will certainly help wages :rolleyes:

Moved

I think you just may have stumbled onto something..

1974
Median US Household Income: $12,132
Minimum Wage: $2/hr.
Federal Poverty Threshold: $2,658 or 21% of Median Household Income
Mean Sat Scores 521 Verbal/505 Math 1026 total
Poverty Rate: 11.2%
Total Budget: $453.2 Billion
Total Welfare Spending: $40.1 Billion or 8.8% of Budget Spending

2013

Median US Household Income: $51,017
Minimum Wage: $7.25/hr.
Federal Poverty Threshold: $11,670 or 23% of Median Household Income
Mean SAT Scores 496 Verbal/514 Math 1010 total
Poverty Rate: 15%
Total Budget: $3.5 Trillion
Total Welfare Spending: 500 Billion or 14.2% of Budget Spending


When comparisons are made I concede that while Median US Household Income has had a 420% increase minimum wage has increased 362% lagging behind. By raising minimum wage to $8.40 it then has kept up equally with Median Income.

In order to make today’s poverty threshold in line with 1974 we need to lower it from $11,670 to $10,713 (21% of $51,017)

SAT Scores variation of 16 points or 1.5% is not of great concern especially when you consider math scores going up.

Pretty sure when the new poverty threshold number is lowered to $10,713 that 15% will become close to 11.2%.

While the median household income increased 420% the Total Budget has increased by 772%. This likely the root cause of our current national debt predicament. By returning the budget to numbers in line with median household income levels rising (420%) we come up with a $2.1 Trillion budget saving $1.4 Trillion a year.

Lastly when adjusting total welfare spending to be in line with the 1974 rates we reduce spending from $500 Billion to $185 Billion or 8.8% of total revised $2.1 trillion budget.

By simply returning to 1974 standards we raise minimum wage by a $1.15/hr. and save $1.4 Trillion a year changing a $680 billion deficit into a $720 billion surplus. :$::$::$:

http://www.usgovernmentspending.com/total_spending_2013
http://en.wikipedia.org/wiki/SAT_Reasoning_Test
http://money.cnn.com/2013/09/17/news...overty-income/
http://www.davemanuel.com/median-household-income.php

Welfare Spending increase from 1974-2013

1,246 percent or four times the increase of Median Household Income

Take another bow America!!:tro:

yeah but Dell you didn't get the memo that paying people a ridiculously high minimum wage is going to fix 'Merica cuz a biased study subsidized by organized labor said so.
Oh, and the federal tax subsidies will automatically stop too because if they pay out more money then they won't need to raise prices or won't need as many tax breaks which in turn will be voluntarily given back to the tax payers ...or something.....Wait... maybe it was that they would need to raise prices and spur hyper-inflation AND need more tax subsidies because they have less dollars coming in....but that's all ok, because then the minimum wage workers would get a few dollars less back on their 1040EZ which makes us all winners...or something.

I'm sorry...Removing common sense gets confusing. My apologies.

Sucks when numbers and facts get in the way of a perfectly good movement.

Hyper inflation ? Pretty funny stuff. Raise your prices and see how many people line up to buy what you are selling. I am going to see you raising your prices and not raise mine and crush you. The Hyper Inflation scare tactic against raising the minimum wage is quite tired. You need to seriously worry about DEFLATION like during the Great Depression. We have wealth concentraion that is approaching the level it was prior to the start of the great depression. All we need now is a triggering event for the middle class to shut down spending on everything but the bare necessities of life.

Having said this I am in the camp of raising the minimum wage similiar to what Dell suggested not some absurd doubling.