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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?
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