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Topic	Why companies cannot survive with minimum wage at $15/hr.
CharlesBronson 07/09/17 2:26:20 PM #2:	Printerscape posted... Let's look at Walmart, in the year 2016: Net income: $13.64 billion Number of employees: 2.3 million If the income goes to $0, Walmart can only afford to give its employees a $2.85/hr raise (at 40 hours a week, 52 weeks a year). McDonald's: Net income: $4.686 billion Number of employees: 375,000 That's $6/hr raise, if the company's income goes to $0. but their net income isn't going to drop to zero or they would go out of business so your point is moot <cite>CharlesBronson posted [p:882604081] in Why compan... [t:75547382]...</cite> <quote><cite>Printerscape posted...</cite> <quote>Let's look at Walmart, in the year 2016: Net income: $13.64 billion Number of employees: 2.3 million If the income goes to $0, Walmart can only afford to give its employees a $2.85/hr raise (at 40 hours a week, 52 weeks a year). McDonald's: Net income: $4.686 billion Number of employees: 375,000 That's $6/hr raise, if the company's income goes to $0.</quote> but their net income isn't going to drop to zero or they would go out of business so your point is moot</quote> ... Copied to Clipboard!
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