Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

aggiesal

(10,893 posts)
44. OK, so let's go in a little deeper with those numbers.
Fri May 31, 2013, 02:08 PM
May 2013

Statistics show that 70+% of Walmart "Associates" qualify for government assistance.
And that presumably the 20+% that don't, actually make a living wage.

For worst case purposes, let's just say that 80% qualify for government assistance.
Of the 1.4 million that work at Walmart, that's 1.12 million "Associates" that need help.
Let's multiply that number by the living wage of $18.50/Hr (remembering that not all of
of them work full time), would cost Walmart $19.8 Billion.
$25B - $19.8B = $5.2B

[Font Color=Green]$5.2B profit isn't good enough?[/font]

But let's be honest, all 1.4 million don't work full time.

An employee at Walmart needs to work an [Font Color=Red]average[/font] of at least 34 hours a week in order to be eligible for health benefits after 180 days on the job. Part-timers are eligible after a year, and only if they work an [Font Color=Red]average[/font] of 30 hours a week.
http://jobs.aol.com/articles/2013/01/24/walmart-bill-simon-employees-full-time/

So, Walmart hire more people to work less hours, [Font Color=Red]to keep from paying them overtime and benefits including health.[/font]

“Investment analysts and store managers [Font Color=Red]say Walmart executives have told them[/font] the company wants to transform its work force to 40 percent part-time from [Font Color=Red]20 percent[/font]. “
http://fryingpannews.org/2012/04/10/walmart-a-portrait-by-the-numbers/

This was taken from an article dated Aprill 2012 (over 1 year ago). That means there may already be 40% part-timers of Walmart's workforce.

Assuming that part timers are not part of the 20+% that do not need government assistance, then the 40% have to be
accounted in the 70+% that do need government assistance.
So they only work on average less then 30 Hrs. per week.
40% is 560,000.
560,000 working 29 Hours per week for 52 weeks is only 1,508 hours per year per part-timer.
560,000 that work full time of 2080 hours per year.
So it would cost $9.9B to pay 560,000 full time "Associates" a livable wage, and
$7.178B to pay part time "Associates" a livable wage.
For a total of $17.08B

$25B - $17.08B = $7.9B
Again [Font Color=Green]$7.9B profit isn't good enough?[/font]
And I'm taking worst case, so the profit margin will only go up when actual numbers are used.

The more I read your replies and how much you advocate for Walmart,
the more I believe [Font Color=Red]you work for Walmart in a meaningful position[/font].

Otherwise, I have no clue why you're defending them so strongly.

Recommendations

0 members have recommended this reply (displayed in chronological order):

Needs to lower the salary of it's CVD levels uponit7771 May 2013 #1
It wouldn't help jmowreader May 2013 #24
Great stories, but . . . aggiesal May 2013 #26
Thank you for showing the greed of the Walmart heirs brush May 2013 #28
You seriously do not understand the problem jmowreader May 2013 #31
I don't understand the problem? aggiesal May 2013 #33
In 2011 they made $419 billion in sales jmowreader May 2013 #34
OK, so let's go in a little deeper with those numbers. aggiesal May 2013 #44
Oh bull, how much do the Walton family take? There's plenty there for employee benefits. xtraxritical May 2013 #40
Want to know how to find out exactly how and what the CEO compensation is? (edited) A HERETIC I AM May 2013 #46
B-B-B-But you can sleep in your van in their parking lots!!! cliffordu May 2013 #2
With their wage rate, where else are you going to sleep? DotGone May 2013 #13
Jesus. Bet them laws don't apply cliffordu May 2013 #18
They run an ad xxqqqzme May 2013 #3
Yes, it would. And it's $2 billion over 5 years. Their sales are over 200 billion a year. Incitatus May 2013 #5
There's not much difference between the two jmowreader May 2013 #25
over 5 years? xxqqqzme May 2013 #35
Yes, and it's not exactly all coming from their profits. Incitatus May 2013 #36
They will manipulate the "cost" of their donations to create a larger write off xtraxritical May 2013 #41
I have walked into their stores twice in the US. I haven't bothered here in Canada. PDJane May 2013 #4
And the biggest beneficiaries probably sleep all day. moondust May 2013 #6
One is a drunk driver n2doc May 2013 #7
Well, maybe he couldn't afford a cab. Or a chauffer. denverbill May 2013 #20
It's not her first DUI n2doc May 2013 #23
Wont. Not cant. nt bunnies May 2013 #8
Come and tell the shareholders. Will meet on June 7, Bud Walton Arena, sinkingfeeling May 2013 #9
Is Elton on some kind of "Megarich Repuke Tour"? KamaAina May 2013 #10
Cut Elton John some slack - he's got 2 kids, 2 households and a husband to support! TheDebbieDee May 2013 #11
Never will shop there. I like Costco and the way they Rex May 2013 #12
Wal-Mart is a heinous organization. lark May 2013 #14
I saw a Walmart Ad that made me want to put my fist through my TV the other day. Initech May 2013 #15
2013 Billionaires Richest Women--Christy and Alice Walton antigop May 2013 #16
What's up with the brown fitted hat at the top? Jamaal510 May 2013 #17
It's an internet meme. Tafiti May 2013 #21
I haven't been inside one in years. SheilaT May 2013 #19
You have choices. Manifestor_of_Light May 2013 #22
THANK you for pointing that out! jmowreader May 2013 #27
Good point about Costco. Manifestor_of_Light May 2013 #29
Aldi is another mystery to me jmowreader May 2013 #30
Veal is cruelty. roody May 2013 #32
costco didn't make it easier for washington teens to get liquor, the stupid voters did. HiPointDem May 2013 #38
Costco wrote the initiative and poured buckets of money into the campaign jmowreader Jun 2013 #47
Costco *wrote* the initiative? gotta link? HiPointDem Jun 2013 #48
Yup... jmowreader Jun 2013 #50
+1. also has millions to fund every anti-union, anti-public-employees, anti-public-school HiPointDem May 2013 #37
I hate going in there, my wife loves them rl6214 May 2013 #39
They have a pretty shrewd business model... KansDem May 2013 #42
yes, they get a charitable deduction if it's the corporation doing the giving. if it's the walmart HiPointDem Jun 2013 #49
. blkmusclmachine May 2013 #43
Interesting statistic from Thom Hartmann yesterday. Cleita May 2013 #45
I fuking hate walmart! youd have to drag my dead body in there darkangel218 Jun 2013 #51
No argument here. k&r n/t Laelth Jun 2013 #52
Latest Discussions»General Discussion»I my opinion this is one ...»Reply #44