The Indelible Bonobo Experience

Renaissance Monkey: in-depth expertise in Jack-of-all-trading. I mostly comment on news of interest to me and occasionally engage in debates or troll passive-aggressively. Ask or Submit 2 mah authoritah! ;) !

According to the report, “A Higher Wage Is Possible,” Walmart spends $7.6 billion a year buying back stock. Those purchases drive up the company’s share price, further enriching the Walton family, which controls more than half of Walmart stock (and for that matter, more wealth than 42 percent of Americans combined.) If Walmart instead spent that money on wages, it could give each of its 1.3 million US employees a $5.83 per hour raise—enough to ensure that all of them are paid a wage equivalent to $25,000 a year for full-time work. Walmart and its defenders like to argue that raising wages would require it to raise prices, which would in turn hurt its low-income shoppers. But Demos disagrees: “Curtailing share buybacks would not harm the company’s retail competitiveness or raise prices for consumers,” the report says. “In fact…higher pay could be expected to improve employee productivity and morale while reducing Walmart’s expenses related to employee turnover.” (via Here’s How Walmart Could Pay Workers a Decent Wage Without Raising Prices | Mother Jones, A new report from Demos, a liberal think tank)

According to the report, “A Higher Wage Is Possible,” Walmart spends $7.6 billion a year buying back stock. Those purchases drive up the company’s share price, further enriching the Walton family, which controls more than half of Walmart stock (and for that matter, more wealth than 42 percent of Americans combined.) If Walmart instead spent that money on wages, it could give each of its 1.3 million US employees a $5.83 per hour raise—enough to ensure that all of them are paid a wage equivalent to $25,000 a year for full-time work. Walmart and its defenders like to argue that raising wages would require it to raise prices, which would in turn hurt its low-income shoppers. But Demos disagrees: “Curtailing share buybacks would not harm the company’s retail competitiveness or raise prices for consumers,” the report says. “In fact…higher pay could be expected to improve employee productivity and morale while reducing Walmart’s expenses related to employee turnover.” (via Here’s How Walmart Could Pay Workers a Decent Wage Without Raising Prices | Mother Jonesnew report from Demos, a liberal think tank)

  1. itrytodothings-sometimes reblogged this from half-doomed-and-semi-sweet
  2. moon-landing-ryu reblogged this from aquathedgehog
  3. aquathedgehog reblogged this from half-doomed-and-semi-sweet
  4. mamamuppet reblogged this from kidney-stoner
  5. angelinabobcatmeow reblogged this from kidney-stoner
  6. nutellaglutton reblogged this from poco-loki
  7. catchingstarsonmyfirebolt reblogged this from half-doomed-and-semi-sweet
  8. drhorriblessingalongblog reblogged this from kidney-stoner and added:
    The reason I (and a lot of other people) don’t shop at Walmart is because they treat their employees like this
  9. half-doomed-and-semi-sweet reblogged this from poco-loki
  10. cindy-lou-whore reblogged this from devilwithangeleyes
  11. swinginlikeafistfight reblogged this from kidney-stoner
  12. devilwithangeleyes reblogged this from kidney-stoner
  13. angelicassbutts reblogged this from breakingdads
  14. senron reblogged this from poco-loki
  15. poco-loki reblogged this from citizen-zero
  16. carolynn1735 reblogged this from breakingdads
  17. penless-writer reblogged this from breakingdads
  18. madelineinvines reblogged this from kidney-stoner
  19. citizen-zero reblogged this from breakingdads
  20. breakingdads reblogged this from kidney-stoner
  21. eatabutt420 reblogged this from hownothingbegetsnothing
  22. kidney-stoner reblogged this from hownothingbegetsnothing
  23. hownothingbegetsnothing reblogged this from inbonobo
  24. inbonobo posted this