20-03-2024, 02:19 PM
(20-03-2024, 01:14 PM)SueDonim Wrote:(17-03-2024, 02:28 PM)Lilith7 Wrote: Using 'bunch of bastards', I was referring more to politicians.
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"Walmart’s low-wage workers cost U.S. taxpayers an estimated $6.2 billion in public assistance including food stamps, Medicaid and subsidized housing, according to a report published by Americans for Tax Fairness, a coalition of 400 national and state-level progressive groups."
The link was about Walmart, not about politicians.
I don't know enough about how the welfare systems work in the US, but if a company's employees aren't actually earning a significant profit per employee for the company shareholders, then that would seem to show that there is a degree of community good going into the employment of those people. The Walton family is probably happy to have it that way because they don't need the extra profit they could make, but the smaller shareholders might find it a problem. Or maybe they are all philanthropists too. The other way to do it would be to make all the excess staff redundant. The company could possibly make a more realistic profit margin but large numbers of people would need more assistance than just the subsidies they receive now. Just because actual numbers are huge doesn't mean the basic principles can be overlooked. A company is either earning a decent profit, or its failing, or it chooses to allow smaller profit margins for an overall benefit to society. It looks like Walmart is doing this.
Underpaying employees isn't community good, since they also need to rely on welfare from that wider community. These are people so poorly paid that often they can't afford medical care, & sometimes. food.
https://www.cnbc.com/2014/11/20/wal-mart...drive.html
Wal-Mart on Thursday came under fire from the Making Change at Walmart organization, after the labor group posted an image to its Facebook page showing a food drive for employees at an Oklahoma store.
Wal-Mart spokeswoman Kayla Whaling quickly responded to the criticism, saying the drive was planned by one of the store’s employees, who was collecting food for two co-workers who were on a leave of absence and unable to work.
Whaling added that Wal-Mart, which is frequently the subject of attack over its pay practices, never plans this type of event at the corporate level.
Dawnne Sulaitis, who has worked at Wal-Mart for 19 years, said she asked for permission to hold the food drive when she found out that two families would be down to one income over the holidays.
“It just really comes down to wanting to lend somebody a helping hand,” Sulaitis said.
She added there are two medium-size boxes for donations in the store, and each is about three-quarters of the way full.
“It’s been very well-received,” Sulaitis said.
Wal-Mart came under similar criticism last year, when an employee held a food drive for one co-worker who had lost their home in a fire, and for another who had stopped receiving child support from her ex-husband.
“It’s unfortunate that when a store in those situations, when they want to give back to the local community or to others that they work with based on maybe finding out that they aren’t able to work…that they would be criticized for wanting to help,” Whaling said.
As the nation’s largest retailer, critics argue changes made at Wal-Mart will trickle to other retailers and help improve conditions for low-wage workers. That is one belief expressed by the Making Change at Walmart group.
However, they are not the only critic. On Thursday, public health attorney Michele Simon issued a report on Wal-Mart that said the retailer is contributing to the hunger crisis in the United States.
“In addition to paying workers so little that too many rely on public assistance, Walmart and the Waltons are building their wealth with income from food stamps,” the report said."
If Walmart were to pay a living wage, that would be avoided & its extremely unlikely that a living wage would cause Walmart to become bankrupt.
in order to be old & wise, you must first be young & stupid. (I'm still working on that.)