LogFAQs > #921700878

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Topic	Should you be able to live off minimum wage?
wolfy42 05/10/19 1:14:38 AM #48:	Walmart made 130 billion in profit last year, and has 1.5 million employees in the US. Keep in mind that the profit is AFTER paying all the employees the salaries they already make, and all the other costs. If you divide the 130 billion by the number of employees you get 86,666.66$ EACH. In addition to what they already make. So if profits were split evenly among all employees of Walmart, they would be able to buy a bit more then an item off the dollar menu. But wait..what if it was just 10% of the total profits (which is what I advocate across the board for profit sharing). That would STILL be an additional $8,666 each. It would not even be really noticable to the owners etc, but I bet you anything it would make a HUGE difference in those 1.5 MILLION peoples lives. --- We are 4 oreos from Heaven!!!! <cite>wolfy42 posted [p:921700878] in Should you... [t:77704508]...</cite> <quote>Walmart made 130 billion in profit last year, and has 1.5 million employees in the US. Keep in mind that the profit is AFTER paying all the employees the salaries they already make, and all the other costs. If you divide the 130 billion by the number of employees you get 86,666.66$ EACH. In addition to what they already make. So if profits were split evenly among all employees of Walmart, they would be able to buy a bit more then an item off the dollar menu. But wait..what if it was just 10% of the total profits (which is what I advocate across the board for profit sharing). That would STILL be an additional $8,666 each. It would not even be really noticable to the owners etc, but I bet you anything it would make a HUGE difference in those 1.5 MILLION peoples lives. --- We are 4 oreos from Heaven!!!!</quote> ... Copied to Clipboard!
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