Yup, less than 3% profit margin. That's barely staying afloat.
Republicans want Walmart to pay market prices for labor, just like every other store does. Republicans want Walmart to hire teenagers looking for a first job that have no work experience and retirees looking to make a little extra money on the side. Why, do you think government should set wages? We've tried that and it doesn't work. You know that, right? Republicans want Walmart to survive as a company that provides low-cost goods for the low-income people that otherwise couldn't afford them. Sounds like you want them to just do without.
Obviously, the board thinks he provides a good value for that salary, or they wouldn't pay it.
Walmart has 2 million employees. Each one would get 10 bucks. Whoopie freakin' doo. Big spender there, buddy. You're going to make them feel real special.
As I pointed out.
Wrong, the profit is already under 3%. Go any lower and it could vanish completely. Stupid, stupid, stupid move. Do you know anything at all about running a business?
Given that they didn't have much more than that forcibly confiscated from them in the first place, what's your main beef?
When a company sells the volume Walmart does, 20 mil is pocket change and would make zero difference to anyone. Costs won't come down because they're still spending the money. It's just going to labor costs instead of re-investment or dividends. You know, things that help a company grow.