Glad to see you support socialism comrade...for corporations..
Report: Wal-Mart's low pay drives employees onto public benefits
Wal-Mart wages are so low they force many of its employees onto the public doles, creating a drag on taxpayers and the economy, according to a new report from the staff of Congressional Democrats.
The report analyzes data from Wisconsin’s Medicaid program, estimating that a single 300-person, Wal-Mart Supercenter store in that state likely costs taxpayers at least $904,542 per year and could cost up to $1,744,590 per year, or roughly $5,815 per employee.
The report analyzes data from the state of Wisconsin because “it appears to be the most recent and comprehensive.” The state released Medicaid enrollment by employer as of the fourth quarter of 2012.
Wal-Mart was first on the list with 3,216 employees enrolled in BadgerCare, the state’s Medicaid program. Including the children and dependents of these employees, Wal-Mart accounts for 9,207.
The report assumes that about a quarter of the store’s employees enroll in other taxpayer-funded programs, including Section 8 housing, National School Lunch programs, the Earned Income tax credit and others.
more for comrade Frank
47.7 million Americans on Average uses some form of Government assistance using SNAP and Welfare.
Walmart has 1.3 million sales associates in America. Given a very liberal estimate of the notion that Wal-Mart wages drives employees into Government Assistance, it would only account for 2.7% of all Government Assistance users.
So clearly, Wal-Mart isn't the only business paying their employees lower wages. Could it be because they understand the concept of 'trade-offs' and human capital?
Let's take a look at who is receiving assistance. The 47& Mitten Romney sneered at.
Who are the 47%?
Federal budget and Census data show that, in 2010, 91 percent of the benefit dollars from entitlement and other mandatory programs went to the elderly (people 65 and over), the seriously disabled, and members of working households. People who are neither elderly nor disabled — and do not live in a working household — received only 9 percent of the benefits.
Moreover, the vast bulk of that 9 percent goes for medical care, unemployment insurance benefits (which individuals must have a significant work history to receive), Social Security survivor benefits for the children and spouses of deceased workers, and Social Security benefits for retirees between ages 62 and 64. Seven out of the 9 percentage points go for one of these four purposes.
80 percent of the workforce has seen their wages decline in real terms over the last quarter-century, and the average household has seen 40 percent of its wealth disappear during the Great Recession. Through it all, families never asked for a handout from anyone, especially Washington. They were left to go on their own, working harder, squeezing nickels, and taking care of themselves. But their economic boats have been taking on water for years, and now the crisis has swamped millions of middle class families.
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"Labor is the United States. The men and women, who with their minds, their hearts and hands, create the wealth that is shared in this country—they are America."
President Dwight D. Eisenhower