General Discussion
In reply to the discussion: I my opinion this is one shitty corporation... [View all]aggiesal
(10,893 posts)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.