From Why Wal-Mart Does Not Strengthen Our Economy by David Nassar:
With its low price focus, Wal-Mart may appear to help the U.S. economy. But, the reality is that with its poor wages and benefits, massive China sourcing and tax avoidance, Wal-Mart makes its workers and the communities where it operates poorer.I've mentioned raising the minimum wage several times before on my site and I'll say it again. The more that the Federal government raises the minimum wage the more Wal-Mart would have to pay its employees and that's all the more money that would stay in the local economy.
As our nation’s largest employer and most financially-successful company, Wal-Mart is a singular American institution. It occupies a unique position in our world by virtue of its size, reach and responsibility for the livelihoods of millions of workers and the needs of billions of consumers. And with such overwhelming influence comes certain moral responsibilities. It is the acceptance or rejection of those responsibilities that determines greatness.
For the time being, Wal-Mart has rejected those responsibilities and because of that choice, the money spent there does nothing of what it could to strengthen our economy. Higher salaries, quality affordable healthcare and paying what they owe like any good American, are just three things Wal-Mart can do tomorrow that will make them a company worthy of our money.
The Walton family already has enough money. After all, greed is one of the seven deadly sins. You would think the Waltons would be afraid of going to hell.
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