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Lobby General Discussion topic #13343384

Subject: "The Walton family makes $100 mil a day" Previous topic | Next topic
auragin_boi
Member since Aug 01st 2003
20939 posts
Thu Aug-15-19 05:21 PM

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"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?

mod edit: Walton family.

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The Walton family makes $100 mil a day [View all] , auragin_boi, Thu Aug-15-19 05:21 PM
 
Subject Author Message Date ID
they can. the employees can seek higher paying jobs too
Aug 15th 2019
1
if we didn't make people do things they didn't want to do
Aug 15th 2019
3
I'm not following your numbers. But that's beside the point
Aug 15th 2019
2
and thus why they need to be forced to
Aug 15th 2019
4
you can afford to pay more at the store too
Aug 15th 2019
7
      Both can be true... Imagine that.
Aug 16th 2019
11
           Welp.
Aug 16th 2019
13
           the billionaire aint make a post about it, YOU did
Aug 16th 2019
27
I think they would see more profits if employees were happier
Aug 15th 2019
8
I tried to hit "like" on this comment. Board crash got me trippin.
Aug 16th 2019
12
Numbers:
Aug 16th 2019
17
Agreed they have no incentive. That's why we should raise the
Aug 16th 2019
20
People with crushing debt,with no chance
Aug 15th 2019
5
Walgreens or walmart?
Aug 15th 2019
6
Walmart...I was in such a rush to leave work yesterday
Aug 16th 2019
16
Hmmm. Not to defend corps or anything but isn't the rationale also
Aug 15th 2019
9
If that was the case, CEOs wouldn't be making 100s of millions
Aug 16th 2019
10
      Welp
Aug 16th 2019
14
      a bootlicker: because they provide 2,000 times the value
Aug 16th 2019
15
      And that MBA can make $2 mil. He doesn't need $100's
Aug 16th 2019
19
      I’m sure the counter is 100 mill << 6 billion
Aug 16th 2019
22
      Right...so they are screwing us all
Aug 16th 2019
23
      I see where you are coming from, but let's caution ourselves against
Aug 16th 2019
24
           But how is the value determined?
Aug 16th 2019
29
                Well, I just meant that a contract is a contract regardless of whether
Aug 16th 2019
31
      This is an interesting angle. Not to digress, but I've always questioned...
Aug 16th 2019
28
           That's incredibly generous, but I don't know shit
Aug 16th 2019
35
                Lol, no worries. Points well taken :)
Aug 16th 2019
38
      Interesting. CEO (over)compensation supports my argument too, though
Aug 16th 2019
21
want to make it worst? Add in Wal-Mart employees on public assistance
Aug 16th 2019
18
Gulag
Aug 16th 2019
25
Just a reminder that there is someone out there trying to fix all this
Aug 16th 2019
26
Lol, Elizabeth Warren? Like I question above, is shaming corps on-by-one
Aug 16th 2019
30
RE: Lol, Elizabeth Warren? Like I question above, is shaming corps on-by...
Aug 16th 2019
32
      Man yall need to get over this "Only Bernie Can Save Us"
Aug 16th 2019
33
           RE: Man yall need to get over this "Only Bernie Can Save Us"
Aug 16th 2019
34
           You're probably always going to be mocked for this
Aug 16th 2019
36
                I don't know, man lol. I'll be honest: as an aspiring businesswoman? I
Aug 16th 2019
39
                     I want labor to be a pathway to security and comfort
Aug 18th 2019
42
                          Well, one person's comfort (or security) can equal luxury to another
Aug 19th 2019
43
           Fuck Bernie for having some loyal ass fans?
Aug 17th 2019
41
                When there thing Bernie or let the country burn, yes.
Aug 19th 2019
44
                     was that Bernie or his rabid fans?
Aug 19th 2019
47
a reminder of who's mobilizing for victories at Amazon, Disney etc
Aug 17th 2019
40
this song tells you all you need to know about sam walton.
Aug 16th 2019
37
Some filthy fucking capitalists in this post
Aug 19th 2019
45
LMAO
Aug 19th 2019
48
      Yes, it does make me mad that people are more concerned with
Aug 20th 2019
50
Biz roundtable: "Shareholder Value Is No Longer Everything"
Aug 19th 2019
46
That's great that people are saying that but it doesn't matter
Aug 20th 2019
49
      I'd be ok with easing tax responsibility on shareholders
Aug 20th 2019
51
           Right. These are really good ideas. Another complement to what you
Aug 20th 2019
52
           I agree with most of this
Aug 21st 2019
55
           That just sounds like overly burdensome regulation.
Aug 21st 2019
53
                Corporate greed needs regulation
Aug 21st 2019
54
some good conversations being had in here
Aug 21st 2019
56
Sanders unveils a plan to more than double U.S. labor union membership
Aug 21st 2019
57

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