Ju Ju Master wrote:
Mr.KISS 66 wrote:
I live in Canada! I got no right to bear arms!
Poor shoulders...
I still don't get why you guys think that walmart is evil. About the employees being mistreated, I've heard that the employees love their jobs at Wal-Mart, so you probably heard that from a site exaggerating, or more specifically, using propaganda (sp?)
Or perhaps the other way around. It is not a hidden fact that Walmart uses extreme measures to get "the lowest price" If they have the lowest prices around, but also make the largest profit...
Heres something for you to chew on.
From Thomas Friedman's
The World is Flat, pp.214-216
'The New Yourk Times reported (Nov. 1, 2004) that Wal-Mart spent about $1.3 billion of its $256 billion in revenue in 2003 on employee health care, to insure about 537,000 people, or about 45% or its workforce. Wal-Mart's biggest competitor, though, Costco Wholesale, insured 96 percent of its eligible full-time or part-time employees. Costco emplyees become eligible for health insurance after three months working full-time or six months working part-time. At Wal-Mart, most full-time employees have to wait six months to become eligible, while part-timers are not eligible for at least two years. According to the Times, full-time employees at Wal-Mart requires employees to cover 33 percent of the cost of their benefits, and it plans to reduce that employee contribution to 30 percent. Wal-Mart-Sponsored health plans have monthly premiums for family coverage ranging as high as $264 and out-of-pocket expenses as high as $13,000 in some cases, and such medical costs make health coverage unaffordable even for many Wal-Mart employees who are covered, the Times said.
But the same article went on to say this: "If there is any place where Wal-mart's labor costs find support, it is Wall Street, where Costco has taken a drubbing from analysts who say its labor costs are too high." Wal-Mart has taken for fat and friction out than Costco, which has kept more in, because it feels a different obligation to it's workers. Costco's pre-tax profit margin is only 2.7 percent of revenue, less than half Wal-Mart's margin of 5.5 percent.'
It goes on, but most of you are probably not reading anymore anyway, so Ill just say that if you really study this issue, you will find that Wal-Mart isn't all its cracked up to be.
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