Tuesday, January 7, 2014

Why Walmart Can't Pay $15/Hour...

Another prosperous business put out of business by the marxists...


2 comments:

Anonymous said...

Actually WalMart would do what every other business that is forced to raise their wages would do: raise their prices accordingly. The net effect would be nil, well except to those of us on fixed incomes...............
The only thing this would achieve would be the number of $$ - the percentages would be the same. For example - the dollar menu at McD's would become the 4 dollar menu - oh wait - that's already happening (Dollar Menu & More).

Chris Mallory said...

The math is right, but it is using the wrong data. Wal Mart only has 1.2 million hourly employees in the US. The chart is assuming they each work 365 8 hour days. Figuring a five day work week,they would only work 260 days a year. From what I have known of Wal Mart, it is more likely that each is employee is working less than a 40 hour week, probably closer to 32 hours a week.