You are paying for it

[jms62]

http://www.forbes.com/sites/clareoco...ic-assistance/

[dellinger63]

Originally Posted by jms62

http://www.forbes.com/sites/clareoco...ic-assistance/

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!

[dellinger63]

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?

[dellinger63]

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

[GenuineRisk]

Originally Posted by dellinger63

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

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

[Danzig]

Originally Posted by jms62

http://www.forbes.com/sites/clareoco...ic-assistance/

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!!

[jms62]

Originally Posted by Danzig

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.

[dellinger63]

Originally Posted by jms62

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.

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.

[jms62]

Originally Posted by dellinger63

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.

[Rudeboyelvis]

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.

[dellinger63]

Originally Posted by jms62

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.

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.

[dellinger63]

Originally Posted by jms62

Note that 40 years ago when CEO's were paid 10x Average employee rather than 10000 times we were not in this situation.

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

[dellinger63]

Welfare Spending increase from 1974-2013

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

Take another bow America!!

[Rudeboyelvis]

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.