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

Jonathan Ball <[EMAIL PROTECTED]> wrote in message news:<[EMAIL PROTECTED]>...

> 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
<snip>
> 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.

Something else is wrong there. 

I worked payroll, way back when, and the total cost of an employee to
the employer is 25% to 50% of the wage, added on top the wage
(unemployement contribution, Social Security, jobsite insurance,
payroll clerk, etc). Full time and lower wage employee's cost a
greater % than part time. I'd guess the governments get about $2 per
hour, per employee, leaving about $1.70 for the other expenses above.

Walmart *might* get 1/4 a penny on each dollar moving through the
store. That means Walmart has to sell at least $400 goods to break
even from a $1 theft.