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).

You're absolutely right.  I forgot about the employer's 
share of various payroll add-ons.  I've worked in 
payroll computer systems myself.

> 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.

When I worked in the grocery industry in Southern 
California a long time ago, back when there were still 
8 or 9 large grocery chains here, the rule of thumb was 
that something like 1% of sales was gross profit.