Quote from Lexnursingstudent
Personally, I think that Wal Mart is one of the most expensive places to shop. I have seen Wal Mart's prices go up, and up, and up. The other day, I thought that their produce, KIWI was too expensive, and it was all mushy. No, my post is not about Wal Mart. but......my point is, people cannot afford to go to the hospital either, and so there will be no patients to take care of. There has to be patients (the business part of a hospital) for nurses to have a job.
Your post may not be about Walmart, but mine is!
A Substantial Number of Wal-Mart Associates earn far below the poverty line
In 2001, sales associates, the most common job in Wal-Mart, earned on average $8.23 an hour for annual wages of $13,861. The 2001 poverty line for a family of three was $14,630.
Your tax dollars pay for Wal-Mart's greed
The estimated total amount of federal assistance for which Wal-Mart employees were eligible in 2004 was $2.5 billion. [The Hidden Price We All Pay For Wal-Mart, A Report By The Democratic Staff Of The Committee On Education And The Workforce, 2/16/04]
One 200-employee Wal-Mart store may cost federal taxpayers $420,750 per year. This cost comes from the following, on average:
$36,000 a year for free and reduced lunches for just 50 qualifying Wal-Mart families.
$42,000 a year for low-income housing assistance.
$125,000 a year for federal tax credits and deductions for low-income families.
$100,000 a year for the additional expenses for programs for students.
$108,000 a year for the additional federal health care costs of moving into state children's health insurance programs (S-CHIP)
$9,750 a year for the additional costs for low income energy assistance.
[The Hidden Price We All Pay For Wal-Mart, A Report By The Democratic Staff Of The Committee On Education And The Workforce, 2/16/04]
Health care subsidies compared to executive compensation
Excluding his salary of $1.2 million, in 2004 Wal-Mart CEO Lee Scott made around $22 million
in bonuses, stock awards, and stock options in 2004.
This $22 million could reimburse taxpayers in 3 states where Wal-Mart topped the list of users of state-sponsored health care programs, covering more than 15,000 Wal-Mart employees and dependents. [Wal-Mart Proxy Statement and News Articles GA, CT, AL].
Your tax dollars subsidize Wal-Mart's growth
The first ever national report on Wal-Mart subsidies documented at least $1 billion in subsidies from state and local governments.
A Wal-Mart official stated that "it is common" for the company to request subsidies "in about one-third of all [retail] projects." This would suggest that over a thousand Wal-Mart stores have been subsidized. ["Shopping For Subsidies: How Wal-Mart Uses Taxpayer Money to Finance Its Never-Ending Growth," Good Job First, May 2004]
More at http://wakeupwalmart.com/facts/