This is primarily a travel blog in which I write about traveling in our motorhome. Our travels have

Nacogdoches, TX, United States
I began this blog as a vehicle for reporting on a 47-day trip made by my wife and me in our motorhome down to the Yucatan Peninsula and back. I continued writing about our post-Yucatan travels and gradually began including non-travel related topics. I often rant about things that piss me off, such as gun violence, fracking, healthcare, education, and anything else that pushes my button. I have a photography gallery on my Smugmug site (http://rbmartiniv.smugmug.com).

Tuesday, January 21, 2014

Walmart is Subsidized by U.S. Taxpayers

Until tonight I had not paid very much attention at all of the protests against Walmart by its employees. I now understand why those employees are so unhappy with their employer. Here are the facts. Check them if you like.
·      Walmart is the nation’s largest private employer with 1.4 million employees.
·      At over $446 Billion per year, Walmart is the third highest revenue-grossing corporation in the WORLD.
·      Walmart’s net profits are $17.2 Billion per year.
·      The Walton family owns 48 percent of the Walmart stock and at a net worth of over $102 Billion is one of the richest families in the WORLD.
·      Walmart CEO Mike Duke’s compensation package in 2011 was $18.1 Million (equivalent to $8,701.92 PER HOUR).
·      Walmart’s U.S employees make an average of $8.81 per hour, one-tenth of one percent or one-thousandth that of the CEO.
·      Walmart employees receive $2.66 Billion a year in subsidized Medicaid, food stamps, housing, and other taxpayer-funded social welfare programs.
·      Walmart’s failure to provide its employees with a livable wage or decent healthcare coverage is costing taxpayers an average of $1.02 Billion per year in healthcare costs.
·      A single 300-worker Walmart “Supercenter” accounts for between $900,000 and $1.7 Million per year in taxpayer-funded benefits to its employees.
·      As many as 80 percent of workers in Walmart stores use food stamps.
·      The National Labor Relations Board Office of the General Counsel filed a complaint against Walmart on January 15, 2014 for retaliating against striking workers with illegal firings, disciplinary action, or threats of both which violated employee labor rights.

It will be extremely difficult, but I believe that I must join the boycott of Walmart until they change their ways.

3 comments :

Bill said...

That's why Walmart has been running acts with employees saying how great it is to work there. Walmart is on a PR campaign to refute the facts. Wonder how much they paid them to do the ads.

Bill said...

Should say running ads

Robert & Carol Ann Martin said...

For a little money and/or promise of promotion, I'm sure they could find someone out ot their 1.4 million employees to say whatever Walmart wanted them to say.