Walmart now starts employees at over $10 per hour in all US markets. The “median” income used in this article includes part-time employees - intentionally shifting that “median” downward (and no - the average Walmart Employee is not getting rich).
The reality is there are a lot of big business owners who have serious liberal leanings, while a great many workers are much more moderate or conservative.
The people who harp most about disparities are the same ones working for tech info monopolies where the disparities are WORST.
Google...?
Facebook..?
They should apply for the CEO position next time.
Always remember Hillary sat on Walmarts board of directors.
The starting premise is wrong:
Neither the government nor a company owes you a job.
If the shareholders are not happy with the board overpaying executives then they should vote in a new board. If the shareholders are somehow being illegally fleeced and they complain to the authorities then there is reason for the government to look into it. Other than that it is nobody else’s business.
And it woudl likely take 10000 years for those employees to be able to duplicate what their CEO did
Breaking News: The rich get richer & the poor get poorer.
I'd rather get home in time for dinner.
If they took all the money the CEO was paid and distributed it evenly among the employees, the employees wouldn’t be much better off.
“These stark illustrations of income inequality.”
I always thought my CEOs salaries were unequal to mine. Hell, I even had paid consultants on my staff that earned more than I did (in IT that is not uncommon). Too bad I was born too soon to participate in the Marxist/Utopian future where all pay will be “equal”. /sarc
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Fake across the board!
The US economy is climbing asymptotically, and there is booty for all who are willing to go for it.
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Was this written by that Democratic Socialist who just beat Pelosi’s protégé in New York?
A business only has to pay what workers are willing to work for -— and it is really no one else’s business what the numbers are. If a CEO that will make the company millions requires a high salary, then the company has to decide if that CEO is worth the money. There will always be great disparity between the minds that run the business and the minds that run the cash registers. The only ceiling on earning potential and advancement is the worker’s willingness and ability to learn, work hard, become more valuable to the company, and actively seek advancement.
At my last office job, the CEO got a $20 million bonus for the money he saved by firing half the company and outsourcing the jobs to India. What a hero. And they wonder why so many hate them.
If the average Walmart employee possessed the same knowledge/skill sets as company CEO Doug McMillon, they would be making a lot more money and, most likely, would not be working at Walmart.
As it is, my dog is smarter and more accommodating than most of the “workers” I encounter at Walmart—assuming I can find one.
It’s very simple, as I tell my students repeatedly: The more you have to offer, the more options you will have and the more you will earn.
It is not Wal-Mart’s fault that landlords in mainly Democratic areas are greedy.
Single employees often struggle to get by. That’s because housing is priced for two-income households.
Successful marriage is often a key to getting by comfortably.
And don’t forget, nothing was done to get rid of the PPACA 30-hour pay cap scam Obama used to pretend the US had a low unemployment rate.
“It’s grotesque how unequal this has become,” said Louis Hyman, a business historian at Cornell University. “For CEOs, it’s like they are winning the lottery year after year. For a lot of Americans, they don’t have any savings. When they lose their job, they lose everything.”
Soy boy Hyman, have you EVER worked in the private sector? I mean not in the mis-education industry.
The solution, boys and girls, isn’t to punish rich people. The solution is to foster an environment where competition rises all boats.
Global-corporate oligarchs make bank, what else is new?