News
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10. Don't copy entire article in your post body
For copyright reasons, you are not allowed to copy an entire article into your post body. This is an instance wide rule, that is strictly enforced in this community.
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Their stores extract local spending dollars and transfer them to shareholders who live in gated communities.
If they paid more in wages than a store made in profits they would close the store.
Yes to the first part, but the second part is just how businesses work? If your gross income is lower than your expenses you're operating at a loss and it's not sustainable. Wages should absolutely be higher, though. Quick back-of-the-napkin math shows that last year Walmart made a net profit of over 11 billion dollars and employed just over 2 million people. They could boost every single employee's pay by $5000 annually and still make a billion dollars in profit.
Except for the corporate employees / managers, which get stock options that are much higher than $5,000 annually ofc
Yes it is exactly how corporations work. That is the root cause of the problem.
It should be no suprise that the corporations are sucking the country dry.
The need is for an economic implementation that does not lead to death by parasite to most of the land.