Re: Say NO NO NO to Wal-Mart!!!

Doug Kanter wrote:

> "Jonathan Ball" <[EMAIL PROTECTED]> wrote in message
> news:[EMAIL PROTECTED]
>
>
> > People earning minimum wage don't generally have families.
>
>
> Where did you hear that???

Here's some more typical leftist BULLSHIT about 
Wal-Mart (a place at which I don't shop):

"But Wal-Mart's PR slogan "Our People Make the 
Difference" does capture a truth. Based on the 
company's profit and employment figures, I calculate 
that each employee generates more than $11.20 in new 
wealth for every hour she works. The average U.S. 
employee is paid an average hourly wage of $7.50, and 
the balance – about $3.70 – goes back to Arkansas as 
profit."

http://www.alternet.org/story.html?StoryID=17060

Wrong from the get-go.  An employee doesn't generate 
*wealth* per hour.  An employee generates revenue or 
income.  Income is a flow; wealth is a stock.

The $3.70 does not all "go back to Arkansas as profit". 
 That $3.70 pays the suppliers, pays the rent on the 
land, pays utilities, pays local and corporate taxes. 
In fact, you have no way of knowing how much of it is 
profit, unless you look at Wal-Mart's annual report.

The author, some economics-illiterate named Stan Cox, 
is a fool.  He's writing inflammatory bullshit.  Stupid 
leftists gobble it right up like caviar.