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MikeDunnAuthor
MikeDunnAuthor
@MikeDunnAuthor@kolektiva.social  ·  activity timestamp 2 weeks ago

Yes, Walmart execs rake in huge profits by paying their employees a fraction of the value of their labor. So, little, in fact, that they must rely on govt assistance just to survive. Consequently, it is all of us, through our tax dollars, that subsidize and enrich this slimy welfare scammer. But the $6.2B in public assistance quoted in this meme was based on 2014, and the amount they collect today is most likely much higher. https://www.forbes.com/sites/clareoconnor/2014/04/15/report-walmart-workers-cost-taxpayers-6-2-billion-in-public-assistance/

Walmart is the single largest employer in the U.S. (1.6 million employees). The Walton family has a collective estimated net worth of $225 billion. They’re so rich they own two separate NFL teams: the Rams and the Broncos. However, 48% of the children living in Bentonville, Arkansas, where Walmart is headquartered, are living in poverty—higher than any other county in the state. And the city is ranked 15th out of 916 metro areas in terms of income inequality. A 2017 survey of >1,000 Walmart employees found that the company was probably violating the Americans with Disabilities Act and the Family and Medical Leave Act. The New York Times said that the company “routinely refuses to accept doctors’ notes, penalizes workers who need to take care of a sick family member and otherwise punishes employees for lawful absences.” A 2013 report found that the U.S. taxpayers were paying $5,000/year per Walmart employee in govt. assistance.

#workingclass #LaborHistory #walmart #billionaires #exploitation #classwar #profit #ableism #disability #poverty

Walmart gross profit for the 12 months ending October 31, 2024 was $166.413B.

Walmart workers cost taxpayers $6.2 billion in public assistance.
Walmart gross profit for the 12 months ending October 31, 2024 was $166.413B. Walmart workers cost taxpayers $6.2 billion in public assistance.
Walmart gross profit for the 12 months ending October 31, 2024 was $166.413B. Walmart workers cost taxpayers $6.2 billion in public assistance.
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