Originally posted by GRUNHERZ
But it confirms my general thoughts and brings us back to the question whether anything wrong that WalMart designed a strategy based on essientaly part time workers.
Do you want to subsidize their strategy?
That's what's happening. The nation's largest employer pays so little that most (obviously over 70%) of their employees qualify for government social benefits? (And Nuke calls
me socialist!)
Beyond that, do a search for Walmart's employee practices in China. Sweatshop would sum it up fairly well.
Yeah, I'm all for competition. I'm all for low prices like everyone else. However, I think there has to be a "floor", a level we don't drop below. When a company that is #10 on Forbes list, has more in revenues than the entire GDP of Israel and Ireland combined and pays 70%+ of its employees wages that qualify them for social welfare benefits we're way out of balance.
What they've done is design a strategy to get the rest of us to pay social welfare benefits to their employees.
Smart? Sure. Good for the country? I don't think so.
Besides, unlike some, I think the Waltons have enough bucks and I don't need to be played for a sucker and subsidize them.