Wed Nov 28, 2012, 12:29 PM
abelenkpe (9,027 posts)
WalMart earns record profits while supporting Republicans who want to slash their employees’ food st
WalMart earns record profits while supporting Republicans who want to slash their employees’ food stamps
Businesses succeed or fail based on providing a quality product consumers demand, but they also depend on delivering good service and it is why courteous and proficient employees are as important an asset as product line. In the service industry, employees are a company’s greatest asset and it is why business owners are wise to take care of their workers and provide incentives for them to give customers an experience that encourages return business. Large retailers have an advantage over small businesses because volume buying allows them to reduce prices and still make a profit, but without friendly and courteous service, many customers will pay more to be treated well. In a different era in America, employees were treated with deference according to their worth to the business, and although employee salaries and benefits were a major expense, their value was instrumental to success.
The idea that large profitable corporations like WalMart uses taxpayer dollars to subsidize their payrolls and pad their profits because they pay employees slave wages is an outrage. Very few Americans would deny giving food and healthcare assistance to those in need, but when WalMart earns record profits and supports Republicans working to slash food stamps and Medicaid, taxpayers have a right to demand that WalMart pay their employees a living wage. If WalMart paid every one of their 1.4 million employees an additional $5,000 per year, besides lifting their employees out of poverty and over the low-income threshold, they would still make over $7 billion in profits for themselves and their shareholders. Additionally, by elevating the retail worker’s wages, more dollars would flow into local businesses, tax revenue would increase without raising taxes, there would be lower unemployment, and cities could hire more teachers, fire fighters, and police officers.
However, WalMart will not raise employee wages because they know taxpayers will make up the difference that costs them $2.66 billion annually in food stamps and Medicaid. WalMart’s intentionally low wages cost the country hundreds-of-millions of dollars in payroll tax deductions, restrict communities ability to hire and retain important public service workers, cost over $1.02 billion a year in healthcare costs, and $225 million in free and reduced price school lunches. As WalMart increases its wealth, its workers live in poverty and taxpayers subsidize WalMart’s payroll, and their profits.
(more at link)
1 replies, 555 views
Always highlight: 10 newest replies | Replies posted after I mark a forum
Replies to this discussion thread
WalMart earns record profits while supporting Republicans who want to slash their employees’ food st (Original post)
Response to abelenkpe (Original post)
Wed Nov 28, 2012, 12:35 PM
Cary (4,208 posts)
1. I buy very little from Walmart
It's never my first choice. I don't find that their prices, outside of their specials, are that great. I never buy their groceries except in a pinch when on vacation somewhere. I find their stores to be depressing. I really don't see the attraction.
I would say that I would never step into a Walmart again if I thought that would mean something. Unfortunately Walmart wouldn't miss me.