So many are getting rich off all this corporate welfare, that's why it matters. The government continues to grow while the rich get richer. If Walmart employees didn't collect welfare the government could get smaller. And as long as all the execs are making millions of dollars you can't tell me they can't afford to pay more. Heck paying more might even increase sales. I tend to shop where they have the best people. I sure don't shop based on who has the highest paid CEO.
Walmart does not collect welfare. They paid out $8 Billion in taxes.
Further, I would agree the rich are getting richer, because of leftist policies. Every time you regulate something, you benefit the rich. Every time you push government subsidies and grants, you benefit the rich.
Stop it. We don't support that. Why do you people on the left support it?
Mike Duke (CEO Walmart) made $20.7 Million. Divide $20.7 Million by 2.2 million employees. Can you do math? That's a whooping $9.40 per employee per year. That's 18¢ a week. That's $0.0045 an hour.... less than a penny per hour.
In other words, you can b!tch about how much the CEO makes, but the fact is, if you confiscated all the money the CEO makes, and gave it to the employees, it would be less than a penny per hour.
And worse, when you see those big numbers, $20.7 million dollars, that's not actually dollars. Most of that is stock options. Meaning there is no $20.7 Million to give out to the employees. Only $5.6M of that was actually cash.
So let's take the cash, and dole that out to employees. $5.6 Million divided by 2.2 million employees, is $2.54 per employee per year, which is 4.8¢ a week, which is less than one tenth of a penny, per hour.
Clue phone.... it's for you. The CEO pay doesn't mean they can afford to give employees a raise. Sorry.