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

Jonathan Ball wrote:
> 
> 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.


That looks like a que for Doug to jump in. He's our resident Grocery
expert.......

Dave