- Nov 10, 2011
- Reaction score
Frontline workers at 13 of the 20 top U.S. retail companies saw an average pay increase of just $1.11 an hour, or 10%, a new analysis found.
Frontline workers at 13 of the 20 top U.S. retail companies — including Walmart, Amazon, Kroger, among others — saw an average pay increase of just $1.11 an hour, or 10%, a new analysis by the Brookings Institution found. At the same time, those companies' profits increased 39% year over year, while their stock prices went up by an average of 33%.
“Compared to the windfall profits we've seen at the very big companies, by and large, their workers have seen very little of that actual profits,” Molly Kinder, a fellow at Brookings and author of the report, told Yahoo Money. “This is on top of wages that are often so low, they’re poverty wages. And these jobs, of course, are terribly risky.”
What’s even more bizarre about this, to me, is that impoverished republican voters are okay with this. Big Business can do no wrong!