auragin_boi Member since Aug 01st 2003 20939 posts
Thu Aug-15-19 05:21 PM
"The Walton family makes $100 mil a day" Fri Aug-16-19 02:34 AM by Triptych
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?