Quote:
Originally Posted by SolidSnake84
They watched this video in the marketing classes when i was a sophomore in college. I am watching excerpts from it now.
Totally blown away that 80% of the walmart workforce is considered below the poverty level going by their salary alone.
A guy just said that if they only raised the price of every item by .10 cents, they could afford to pay their store workers 10$ an hour...
Watching this now makes me wonder why/how the government has not been involved yet....
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I used to subscribe to Business Week. One of the most memorable articles was about the retail sector, with a lot of focus on Walmart. That stat of 80% is pretty much in line w/ the sector, about 3/4 of all retail employees earn below the poverty line, and that was 3 yrs ago so it's sure to be higher today. Anyway the gist of the article was that more and more of the workforce is retail and, according to the best stats available at the time, about 1/3 of the total workforce earns at or below the poverty level.
What's crazy is how freakin poor you have to be to fall under the line. I think a family of 4 has to have less than $31k household income to be under the line. That's insane. My wife and I had a couple years of making only around $50k between us and it was paycheck to paycheck.