Wal-Mart simply does not accept the concept of a “living wage,” and all the lies in the world won’t change that.
Yes, the Nation’s biggest employer is at it again, throwing its weight around to trick us into screwing ourselves. Again. Of course, Wal-Mart usually at least has enough respect to simply lie by omission, including the information it wants to but leaving out certain very relevant details. Call it “Pulling an Issa.” But rarely do they get caught in an outright lie; mark your calendars.
Wal-Mart has always been a vehement opponent of living-wage laws, and has gotten around healthcare requirements in most states by firing as many employees as possible, shifting the majority to part-time, and filling in 50% of its workforce with temporary workers.
During an interview with CNBC, Wal-Mart CEO Mike Duke (shockingly, also a long-time opponent of living-wage laws) asserted that “less than less than one percent of our associates make the minimum wage.” He then followed that with “The vast majority of our associates are paid more than that.
First…deuces, Wal-Mart. Target and Costco can build stores, too. and Costco pays its employees (for really real) an average of $21.96 AN HOUR and customers are flocking to those stores. Even little WinCo, a tiny Idaho-based grocery store, beat Wal-Mart’s prices while paying more than 411 AND offering a great benefits package. But, they don’t offer the fantastic service or selection Wal-Mart does, obviously. Wait. Opposite again. Not a single one of them ranked at the bottom of the American Customer Satisfaction Index in February.
But in that op-ed, Wal-Mart claimed to pay its employees an average of $12.78 an hour. Of course, that excludes part-time workers and temps, who account for the vast majority of Wal-Mart Employees. That’s a cute spin. Here’s the reality.
But, obviously, Wal-Mart’s just an honest business trying to turn a buck in these hard times. This is nothing but bad press generated by an evil, liberal media. It’s a fad. Like Paris Hilton. According to Wal-Mart, they’re operating so close to the red line that they could hardly afford to increase pay a dime, let alone pay a living wage. Clearly, they couldn’t afford to pay a living wage out of the 17 Billion they cleared last year. How’s this for some straightforward math:
If every store costs the taxpayers $1 Million in benefits so employees can live, and there are 4,300 Wal-Marts in America (minus 3 in DC), then it would cost Wal-Mart $4.3 Billion to pay a wage employees could live on. That means Wal-Mart’s profits would go down to $12.7 Billion, if all pricing remained the same. which it wouldn’t. Or, to put it another way, Wal-Mart is siphoning 4.3 Billion dollars out of the taxpayer’s pocket to increase its profit margins by about 34%.
Dear God…splitting less than a piddly $12.7 billion a year between four people? FOUR?? Now, that’s a “living wage” the Walton Family isn’t willing to accept.