About 3.6 million actually paid at or below minimum wage.43.6 million Americans are living in poverty, which means they most likely make barely above minimum wage.
Have you ever considered that since minimum wage acts as the bottom an employer may pay someone your wages and the wages of every engineer in this country are paid more than 7$ an hour?
You are correct. Walmart has been doing that for years. Specifically, they have been doing it for about 4 or 5 years. Since the last time we raised the minimum wage.
Do you ever wonder where all those workers who used to work the checkout lines, but were suddenly unaffordable went? Do you really think that through the magic of the desire to have a free lunch (which is what a MW Hike is), they all found higher paying jobs elsewhere?
Or living on a combination of SSDI, SNAP, MEDICAID, WIC, and the like.
I am sure there is engineers in China and other countries that would like to take those jobs.If an employer tries that with an engineer he will quickly go out of business for lack of engineers.
Price-Fixing schemes are illegal, except, apparently, when the government does them.
About 3.6 million actually paid at or below minimum wage.43.6 million Americans are living in poverty, which means they most likely make barely above minimum wage.
Walmart Employs 1% Of America. Should It Be Forced To Pay Its Employees More? - Business Insider
CHART OF THE DAY: 43.6 Million Americans Living In Poverty Is The Highest Number Ever Recorded - Business Insider
Have you ever considered that since minimum wage acts as the bottom an employer may pay someone your wages and the wages of every engineer in this country are paid more than 7$ an hour?
The idea those workers are unfordable is completely laughable. Walmart employs 1.4 million people in the US and makes at least 32.64 billion in gross profits. It can easily afford to pay its workers an extra 6- 8 bucks an hour more. Walmart uses those machines to pocket in more profit, not some idiotic idea they can't afford to pay workers more.
Walmart CEO Michael Duke's Pay: More in an Hour Than Workers Get All Year? - ABC News
By Ed Smith's math, the CEO of Walmart earns more in an hour than his employees will earn in a year.
Smith, an alderman in Chicago, presented posters at a city council meeting showing that Walmart CEO Michael Duke's $35 million salary, when converted to an hourly wage, worked out to $16,826.92. By comparison, at a Walmart store planned for the Windy City's Pullman neighborhood, new employees to be paid $8.75 an hour would gross $13,650 a year
Gross Profit for Wal-Mart (WMT) 2012 Q1 - Wikinvest
$32.64 billion
Thats a good 30-50 years off. Until then, we need companies to be responsible employers and pay people instead of enslave them. Why punish those who are WILLING to be productive individuals? The same people get pissed about people living on public assistence, don't want to reward people who do become a part of productive society. It just puzzles me.
The idea those workers are unfordable is completely laughable
Walmart employs 1.4 million people in the US and makes at least 32.64 billion in gross profits. It can easily afford to pay its workers an extra 6- 8 bucks an hour more
Walmart uses those machines to pocket in more profit
In proportion to what a common worker earned in comparison to a CEO in 1954, today's average employee should be earning around 40 dollars an hour. I can live with half that is regards to minimum wage, and I say that as a Republican.
Being Republican never meant being thieves. It's time to take our party back!
I agree that the Republican party is lost and wandering.
When I hear that thing about the top execs making so much more than the rank and file guys, I get curious as to the size of the companies over which the Big Man presides.
In 1954, the S&P 500 looks to have topped out around 40. That same index is now above 1600. That is more than 40 time bigger in terms of dollars.
The guy who sweeps a floor or tightens a bolt or whatever is doing about he did then. The guy at the top is arguably moving much more around than his predecessor of 1954.
Excellent graph. Thanks for sharing that.
In proportion to what a common worker earned in comparison to a CEO in 1954, today's average employee should be earning around 40 dollars an hour. I can live with half that is regards to minimum wage, and I say that as a Republican.
Being Republican never meant being thieves. It's time to take our party back!
In proportion to what a common worker earned in comparison to a CEO in 1954, today's average employee should be earning around 40 dollars an hour
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