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

Offbreed wrote:

> 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.


What's that? Wal-Mart has to sell at least $400 in B-goods for each
dollar it steals from its underpaid and exploited workforce?



-- 
Email sent to [EMAIL PROTECTED] is never read.