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Forum nameGeneral Discussion
Topic subjectThe Walton family makes $100 mil a day
Topic URLhttp://board.okayplayer.com/okp.php?az=show_topic&forum=4&topic_id=13343384&mesg_id=13343384
13343384, The Walton family makes $100 mil a day
Posted by auragin_boi, Thu Aug-15-19 05:21 PM
That's $36.5 bil a yr.

To pay all 215,000 Walmart workers who don't make $15/hr at the $15/hr rate would costs Walgreens roughly $6.7 bil in payroll.

Mind you, this is total cost of the payroll. The actual additional cost would be much less given that people would simply need a raise to get to that point.

So for the sake of argument, say every one of those 215K employees makes $11/hr right now. The increase to payroll cost would be approx. $1.78 bil annually to move them to $15/hr.

So...to recap, $36.5 - $1.78 = $34.72 bil

Yet, we can't pay $15 without astronomically raising prices huh?

mod edit: Walton family.