The average Wal-mart employee rings up his annual salary every day, sometimes twice that; yet does not make enough to feed his family without the assistance of food stamps. For a company that claims to give away billions of dollars in donations around the world; it would do them better to spend for the benefit of the people who make it possible for them to be the world’s largest employer.
Perhaps Walmart executives should hold a private viewing of the Lion King to learn about the Circle Of Life. After fighting tooth and nail against living wages for employees and working with ALEC, Walmart’s own selfishness is catching up with them. As one of the largest corporations on the planet, Walmart execs work tirelessly to prevent its underpaid employees from getting higher wages and health insurance benefits. Walmart now faces a 21% loss in its fourth quarter and it’s blaming the expiration of food stamp benefits.
On Thursday Wal-Mart reported a 21 percent decline in its fourth-quarter profit. The company said that the Nov. 1 expiration of a temporary boost in food stamps is hurting its shoppers’ ability to spend. It’s also caught up in the debate about minimum wages and dealing with increasing competition from dollar stores and grocers. – MSN Money
Walmart has plans underway…
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