561
submitted 10 months ago by [email protected] to c/[email protected]
you are viewing a single comment's thread
view the rest of the comments
[-] [email protected] 8 points 10 months ago

It really depends on how much it costs them to do business. Payroll is only a part of the cost to do business. Companies like Walmart have massive real estate holdings which likely take a significant chunk of their revenue to pay off.

[-] [email protected] 4 points 10 months ago

Not to mention the small matter of cost of goods sold

[-] [email protected] 2 points 10 months ago

Are you referring to stores and warehouses or do you mean they dabble in the real estate market?

[-] [email protected] 3 points 10 months ago

Stores and warehouses, obviously.

[-] [email protected] 2 points 10 months ago
[-] [email protected] 1 points 10 months ago

Ah, so these “massive real estate holdings” cost virtually nothing to them in construction costs, and are designed to require as little maintenance as humanly possible. In addition, their tax obligations on these real estate holdings are virtually nonexistent due to the severely discounted tax obligation they have for “bringing jobs to the area” (even though those jobs are shit). City and county governments fall all over themselves to give them as little tax obligation as possible.

Their “real estate holdings” are as much a drop in the bucket as employee pay.

[-] [email protected] 1 points 10 months ago

It was a single example. But they also have to heat, cool, and power their enormous store areas, warehouses, frozen warehouses. There are absolutely lots of costs that big companies must cover besides just payroll.

this post was submitted on 15 Nov 2023
561 points (93.4% liked)

Work Reform

9823 readers
1833 users here now

A place to discuss positive changes that can make work more equitable, and to vent about current practices. We are NOT against work; we just want the fruits of our labor to be recognized better.

Our Philosophies:

Our Goals

founded 1 year ago
MODERATORS