I worked at Wal Mart for 10 years until this last January. I was paid $12 an hour after 10 years. There are associates there making a lot more per hour. To control this Wal Mart some 6-7 years back put a wage cap. They are letting people go who have been there 15 + years.
1 friend of mine had the same job she loved for over 15 years. They terminated her for being to slow on the job. They told her she could reapply after 90 days.
Being desperate since hubby had recently been diagnosed with life threatening illness, she applied after the 90 days.
Wal Mart hired her back for the exact same position she worked when she was fired. Pay rate minimum wage, part time ( a few hours less per week than she worked prior to termination) and NO insurance. Very sad to see happen. She is not the only one to experience this.
People are applauding Wal Mart for planning to hire 100,000 vets in 2014. They think it is great. I think it is BS!! .... Vets have the VA for medical so WM is off the hook providing them with insurance. And long term higher paid ,insured associates will be terminated to make room for the vets sadly.
Walmart should never have "been on the hook" for anything.
Walmart, like any company has a BOTTOM line. Though their $$$ amount for profit is HUGE ($15.7 Billion) so is their employee numbers (2 million).
Also, one must look at profit ratio and not profit number. It's easy to look at $15.7 billion and think "oh, they have the money!" The real issue is that Walmart is made up of 10's if not 100's of thousands of investors. MANY of them Walmart employees. People choosing to exercise Walmarts stock options. Many of them making the same as your friend.
Last I checked Walmart stock was selling at about $78.50 a share. They paid a dividend this year of $1.59. That's ONLY 2%.
People complain about Walmart for this or that reason. Lets do some number crunching. If Walmart paid all its employees $1 an hour more. That's 2 million employees, about 1.5 million full time and .5 million part time.
1.5 million x 2000 hours a year= 3 billion man hours,
.5 million x 1000 hours a year = 500 million man hours. That's 3.5 billion man hours x $1 an hour = $4.025 Billion dollars. Giving 500,000 employees insurance, at $200 a month would cost $1.2 billion. (My COBRA insurance is almost $600 a month) With the added costs Obamacare is going to add, I figure their insurance costs are going to jump $1.8 Billion this year.
Its easy to get caught up in the emotion, but it doesn't change the facts.