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- #141
My suggestion to Walmart would be, raise the price of every item you sell by 1% and pass that on to your employees in the form of better wages and benefits.
See what happens. If something awful happens, then you can make the case that you can't get along without paying your employees shit wages.
"..... paying your employees s... wages."
Watch closely:
1. The wages are more than acceptable, or folks wouldn't be lining up for 'em.
2. I was in a Wal-Mart's last week, and saw a sign in the employees area noting the current price of a share of Wal-Mart stock.
The sign noted: "The price of a share depends on you."
Know why they put that up as a motivation?
"Wal-Mart matches employee stock purchases by 15% on the first $1,800 worth of shares bought each year. If you work at the company and write a check to buy $1,800 worth of the stock, the company is going to give you another $270 to buy shares completely free. That results in an automatic 15% return before youve collected your first dividend. On top of that, the company matches 100% on the first 6% of salary contributed to a 401(k) plan.
.....theyd retire with nearly $4.9 million in their investment account at average long-term rates of return. If inflation runs the same rate it did during the past century, that would be around $1.7 million in todays dollars, which would generate $5,700 per month pre-tax without every touching the principal."
A Married Couple Working for Walmart Could Retire and Live Very Comfortably
Perhaps you Liberals should either find out the facts.....or mind your own business.