This article speaks for itself, and we should all stop shopping at Wal-Mart. Wal-Mart Stores Inc. (NYSE: WMT) > U.S. workforce: 1.4 million > CEO compensation: $5.6 million > Revenue: $476.3 billion > Net income: $16.0 billion > No. of U.S. stores: 4,990 Walmart is run by America’s wealthiest family, and it employs more people than any other public company in the world. The majority of the company’s 2.2 million employees, as of last year, worked in the United States. Walmart’s U.S. workforce of roughly 1.4 million dwarfs that of every other American business. Walmart reported revenues of $476.3 billion last year, the largest of any retailer worldwide, as well as roughly $16 billion in net income. Walmart’s financial success has frequently been attributed, at least in part, to its workers’ low wages. While Walmart may benefit from the low wages it pays its employees, taxpayers may not. According to several studies, Walmart employees are among the most likely to rely on government subsidies and assistance programs.
Posted on: Sun, 09 Nov 2014 12:30:37 +0000
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