Wal-Mart asks workers to donate food to its Wal-Mart needy employees...........after making a profit of 15.7 BILLION.
http://business.financialpost.com/2013/11/19/wal-mart-food-drive/
"they need a union"????
WalMart unionized employees in Canada do not think so:
http://www.huffingtonpost.ca/2013/08/16/walmart-canada-union-decertifies_n_3769807.html
I know you do not like to talk about numbers yet your initial post is all about numbers.
Let's look at them, concentrating on the latest three months results.
Sales: $115.6 billions (that is huge)
Cost of Sales $ $86.7 billions
Expenses (including wages) $22.7 billions
Operating income 6.3 billions
Interest 0.6 billion
Income tax 1.6 billions
Net profit after tax $3.7 billions
Total assets (capital needed to generate that profit) : 209.9 billions including 78.5 billions in shareholders equity.
When you look at the net profit in relation to the capital employed in the business, those billions do not look so big, do they?
I am not suggesting that WalMart could not pay his employees a bit more. However, to do that would mean higher prices paid by the consumers to offset those higher costs of doing business. And we all know many consumers already find prices too high at WalMart!
I am not suggesting that WalMart could not pay his employees a bit more. However, to do that would mean higher prices paid by the consumers to offset those higher costs of doing business. And we all know many consumers already find prices too high at WalMart!
Wallymart is as we all know, a massive corporation. Many corporations, past and present, have grown and grown for one purpose only, to eliminate competition. This is one of Walmarts doctrines. In the process they have created a huge operating cost at the expense of the employees. Walmart is a tank, crushing everything in it's path and the one reason for it's success are of course the consumer and their greed. Who cares about Frank and Mary's clothing store that were a part of the community and contributed to it for years and employed many people.........as long as someone can save 5 bucks on a shirt so they can buy another CD, all is good. The average consumer are their own worst enemy. Then they go home and wonder where the jobs are, where did all the manufacturing go? Well it went to China and India and Thailand and Taiwan and Mexico etc etc etc because they gave corporations permission to use low wage workers for their profits and for the consumer themselves. It's like watching an animal eating itself and then wondering why it's in so much pain.
