A Conservative Estimate of ‘The Wal-Mart Effect': Wal-Mart’s growing trade deficit with China has displaced more than 400,000 U.S. jobs
"The growing goods trade deficit with China displaced 3.2 million U.S. jobs in the United States between 2001 and 2013, and it has been a prime contributor to the crisis in manufacturing employment over the past 15 years. Due to its own growing trade deficit with China, Wal-Mart alone was responsible for the loss of more than 400,000 U.S. jobs, 13.2 percent of total U.S. jobs lost in this period. The current unbalanced U.S.-China trade relationship is bad for both countries, and Wal-Mart has played a major role in creating that imbalance."
Showing posts with label Wal-Mart. Show all posts
Showing posts with label Wal-Mart. Show all posts
December 18, 2015
June 20, 2015
December 5, 2014
Surprise, Comrade! The Top Five Most Socialist States In America Are Hard Red
Surprise, Comrade! The Top Five Most Socialist States In America Are Hard Red
"Of course, we've known for some time that the biggest Federal welfare queens are red states, Walmart and Exxon. In the former case, red states almost without exception get more money from the federal government than they pay in taxes; despite accusations about maker and takers, the reality is that the blue states are almost universally paying to support the red. That much isn't news."
"Of course, we've known for some time that the biggest Federal welfare queens are red states, Walmart and Exxon. In the former case, red states almost without exception get more money from the federal government than they pay in taxes; despite accusations about maker and takers, the reality is that the blue states are almost universally paying to support the red. That much isn't news."
November 29, 2014
How Wal-Mart stole Christmas — and hijacked American politics
How Wal-Mart stole Christmas — and hijacked American politics
"Wal-Mart in particular is known for its status as a corporate-welfare queen; one study estimates that one 300-person Supercenter costs taxpayers $904,542 to $1,744,590. Another estimates that Wal-Mart and the Walton family pull in $7.8 billion a year in tax breaks and subsidies. Meanwhile, a brand-new report from Americans for Tax Fairness finds that Wal-Mart also avoids taxes on more than $21 billion in offshore profits. In its most recent annual report, Wal-Mart openly admits that changes to government food stamp programs may hurt its financial performance. Hundreds of thousands of Wal-Mart workers make near-poverty wages."
"Wal-Mart in particular is known for its status as a corporate-welfare queen; one study estimates that one 300-person Supercenter costs taxpayers $904,542 to $1,744,590. Another estimates that Wal-Mart and the Walton family pull in $7.8 billion a year in tax breaks and subsidies. Meanwhile, a brand-new report from Americans for Tax Fairness finds that Wal-Mart also avoids taxes on more than $21 billion in offshore profits. In its most recent annual report, Wal-Mart openly admits that changes to government food stamp programs may hurt its financial performance. Hundreds of thousands of Wal-Mart workers make near-poverty wages."
November 24, 2014
Seven Candidates for Corporate Rip-Off of the Year
Seven Candidates for Corporate Rip-Off of the Year
"2. Paying Their Employees With Our Tax Money
Walmart made $19 billion in U.S. profits last year, and the four Walton siblings together made about $29 billion from their personal investments. That's about $33,000 per U.S. employee in profits and family stock gains. Yet they pay their 1.4 million American employees so little that the average Walmart worker depends on about $4,000 per year in taxpayer assistance, for food stamps and other safety net programs."
"2. Paying Their Employees With Our Tax Money
Walmart made $19 billion in U.S. profits last year, and the four Walton siblings together made about $29 billion from their personal investments. That's about $33,000 per U.S. employee in profits and family stock gains. Yet they pay their 1.4 million American employees so little that the average Walmart worker depends on about $4,000 per year in taxpayer assistance, for food stamps and other safety net programs."
July 3, 2014
Wal-Mart’s big July 4 lie: This is how it really treats veterans
Wal-Mart’s big July 4 lie: This is how it <em>really</em> treats veterans
"Walmart veterans have had enough of the company taking advantage of our service for their public relations campaigns. If Walmart really wants to honor us, it’s time to invest in us so we can support ourselves and our families."
"Walmart veterans have had enough of the company taking advantage of our service for their public relations campaigns. If Walmart really wants to honor us, it’s time to invest in us so we can support ourselves and our families."
May 31, 2014
If You Thought Oligarchy and Aristocracy Were Bad, You'll Really Hate Kochocracy
www.alternet.org/economy/if-you-thought-oligarchy-and-aristocracy-were-bad-youll-really-hate-kochocracy
"The lords of a vast oil empire are buying up our entire democracy with a fraction of their fortune."
"The lords of a vast oil empire are buying up our entire democracy with a fraction of their fortune."
May 7, 2014
Why Walmart Is a Threat to Organic Food
www.alternet.org/food/why-wal-mart-threat-organic-food
"Walmart will turn organic food into another low-cost input that shortchanges consumers, workers and the environment for a fast buck."
"Walmart will turn organic food into another low-cost input that shortchanges consumers, workers and the environment for a fast buck."
April 15, 2014
Walmart Gets $7.8 Billion 'Bill' for Its Taxpayer-Funded Breaks, Subsidies | Common Dreams
Walmart Gets $7.8 Billion 'Bill' for Its Taxpayer-Funded Breaks, Subsidies | Common Dreams
"Because Walmart pays such low wages to its employees, many of them depend on taxpayer-funded programs like food stamps to get by. That adds up to roughly $6.2 billion annually."
"Because Walmart pays such low wages to its employees, many of them depend on taxpayer-funded programs like food stamps to get by. That adds up to roughly $6.2 billion annually."
April 9, 2014
April 6, 2014
Food Stamps Don't Keep Walmart's Prices Low, They Keep Its Profits High
www.alternet.org/labor/food-stamps-dont-keep-walmarts-prices-low-they-keep-its-profits-high
"The truth is that Walmart and all the other large and profitable retailers, fast food companies, and other corporations that fatten their bottom line by letting the public feed their employees have made a business decision to shrink their payroll on the taxpayer's dime. It's up to us to decide whether to continue allowing them to do it."
"The truth is that Walmart and all the other large and profitable retailers, fast food companies, and other corporations that fatten their bottom line by letting the public feed their employees have made a business decision to shrink their payroll on the taxpayer's dime. It's up to us to decide whether to continue allowing them to do it."
March 26, 2014
Walmart Admits: 'Our Profits' Depend on 'Their Poverty' | Common Dreams
Walmart Admits: 'Our Profits' Depend on 'Their Poverty' | Common Dreams
"Walmart, the nation's largest private employer, is notorious for paying poverty wages and coaching employees to take advantage of social programs. In many states, Walmart employees are the largest group of Medicaid recipients."
"Walmart, the nation's largest private employer, is notorious for paying poverty wages and coaching employees to take advantage of social programs. In many states, Walmart employees are the largest group of Medicaid recipients."
February 5, 2014
Cuts to Food Stamps Hurt Walmart's Bottom Line
www.alternet.org/news-amp-politics/cuts-food-stamps-hurt-walmarts-bottom-line
"Walmart employees will be especially affected by food stamp cuts. Walmart’s low wages force many of their employees to go on food stamps. Walmart has been targeted by a national campaign urging the company to allow employees to unionize and to obtain better wages."
"Walmart employees will be especially affected by food stamp cuts. Walmart’s low wages force many of their employees to go on food stamps. Walmart has been targeted by a national campaign urging the company to allow employees to unionize and to obtain better wages."
February 4, 2014
Why Did Obama Go to Costco? Our Wage Calculator Explains
www.motherjones.com/politics/2014/01/costco-vs-walmart-how-many-hours-do-you-need-work-survive
"Check how many hours it would take you to make a living working at Costco vs. Walmart." (Reposted)
"Check how many hours it would take you to make a living working at Costco vs. Walmart." (Reposted)
GOP Cuts To SNAP Hit Their Constituents, Walmart Profits Fall
www.addictinginfo.org/2014/02/02/food-stamp-cuts-hit/
"The suffering poor have felt the pain. In fact, most of the pain is in red states, as they are more dependent on government handouts. The stockholders of the stores that service the poor and working poor now feel a reduction in profits. Everyone knows that is a red light for them. Will the GOP respond to assist their masters?"
"The suffering poor have felt the pain. In fact, most of the pain is in red states, as they are more dependent on government handouts. The stockholders of the stores that service the poor and working poor now feel a reduction in profits. Everyone knows that is a red light for them. Will the GOP respond to assist their masters?"
January 29, 2014
Why Did Obama Go to Costco? Our Wage Calculator Explains
www.motherjones.com/politics/2014/01/costco-vs-walmart-how-many-hours-do-you-need-work-survive
"Check how many hours it would take you to make a living working at Costco vs. Walmart."
"Check how many hours it would take you to make a living working at Costco vs. Walmart."
President Obama Takes Down Walmart By Giving A Speech at Costco
www.politicususa.com/2014/01/29/president-obama-takes-walmart-giving-speech-costco.html
"Costco proves both the Republican Party and Walmart wrong. A company can pay its employees well and be successful. Republicans always frame any proposed increase in the minimum wage as a choice between paying employees well and jobs. Even though research shows that increasing the minimum wage does not cause employers to layoff workers, Republicans still stick to this tired old talking point."
"Costco proves both the Republican Party and Walmart wrong. A company can pay its employees well and be successful. Republicans always frame any proposed increase in the minimum wage as a choice between paying employees well and jobs. Even though research shows that increasing the minimum wage does not cause employers to layoff workers, Republicans still stick to this tired old talking point."
January 25, 2014
5 Right-Wing Myths About Raising the Minimum Wage, Debunked
www.alternet.org/economy/5-right-wing-myths-about-raising-minimum-wage-debunked
"Corporations like Walmart and McDonalds like the current situation of really low wages at the bottom because it puts more into the pockets of those at the top. So the corporate/conservative machine is grinding out propaganda against raising the minimum wage. Here is a look at six of the most common propaganda points they’re trying to trick us with."
"Corporations like Walmart and McDonalds like the current situation of really low wages at the bottom because it puts more into the pockets of those at the top. So the corporate/conservative machine is grinding out propaganda against raising the minimum wage. Here is a look at six of the most common propaganda points they’re trying to trick us with."
January 17, 2014
Bernie Sanders rips Walmart: Why should taxpayers subsidize ‘starvation wages’?
www.rawstory.com/rs/2014/01/17/bernie-sanders-rips-walmart-why-should-taxpayers-subsidize-starvation-wages/
"Sen. Bernie Sanders (I-VT) demanded that a panel of experts justify why America’s shrinking middle class should continue to subsidize the nation’s wealthiest family in a heated exchange Thursday during a congressional panel."
"Sen. Bernie Sanders (I-VT) demanded that a panel of experts justify why America’s shrinking middle class should continue to subsidize the nation’s wealthiest family in a heated exchange Thursday during a congressional panel."
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