Walmart and McDonald's are among top employers of Medicaid and food stamp beneficiaries
https://www.cnbc.com/2020/11/19/wal...of-medicaid-and-food-stamp-beneficiaries.html
Walmart and McDonald's are among top employers of Medicaid and food stamp beneficiaries
- Thread starter B00Mer
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https://www.cnbc.com/2020/11/19/wal...of-medicaid-and-food-stamp-beneficiaries.html
“U.S. taxpayers should not be forced to subsidize some of the largest and most profitable corporations in America,” Sanders said in a statement Wednesday evening. “It is time for the owners of Walmart, McDonald’s and other large corporations to get off of welfare and pay their workers a living wage.”
Sanders huh? Living wage, huh? Let's look at Walmart for a moment. In the 2015 fiscal year, Walmart made a profit of $16 billion. This figure, when divided among Walmart’s 2 million-plus employees worldwide only works out to an additional $7,355 per year, or $3.67 per hour—and that’s with the company making no profit, something that private companies aren’t in the habit of doing. Not to mention that the additional $7300 per employee still wouldn't get them close to a living wage. In 2018 Walmart's profits were around $22 billion. Same problem as 2015.
Walmart is the world's THIRD largest employer on the planet behind the US and Chinese militaries, and labour is already Walmart's single biggest cost by far. In the US Walmart employs some 1.7 million people. If all of them were making at least $15/hr, that translates to an operating cost of at least $25.5 million per hour JUST on labour. Make it global and that works out to at least $33 million per hour.
Sanders huh? Living wage, huh? Let's look at Walmart for a moment. In the 2015 fiscal year, Walmart made a profit of $16 billion. This figure, when divided among Walmart’s 2 million-plus employees worldwide only works out to an additional $7,355 per year, or $3.67 per hour—and that’s with the company making no profit, something that private companies aren’t in the habit of doing. Not to mention that the additional $7300 per employee still wouldn't get them close to a living wage. In 2018 Walmart's profits were around $22 billion. Same problem as 2015.
Walmart is the world's THIRD largest employer on the planet behind the US and Chinese militaries, and labour is already Walmart's single biggest cost by far. In the US Walmart employs some 1.7 million people. If all of them were making at least $15/hr, that translates to an operating cost of at least $25.5 million per hour JUST on labour. Make it global and that works out to at least $33 million per hour.
