Originally Posted by
TheTransporter
Your number are wrong, but it doesnt matter. Compare wages and benefits to Costco, then compare revenue per employee. You will see that Costco generates greater returns by investing in its employees. I'm guessing your version of reality is pretty set in stone at this point, so be sure to add Walmart to you retirement fund, I know I will not be.
And meanwhile they're not using profits to pay back stockholders, loans, fund expansion, pay taxes, set aside for emergencies, etc. Brilliant!
By passing on higher employee costs, higher prices would clearly be detrimental to the rank and file shopper.
For many jobs, the $15 an hour worker won't be twice as productive as the $7.50 worker. This is especially true in "service industry jobs" where there is no way to obtain higher productivity since the job often is one where anyone can learn whatever is necessary in a short period of time.