2 ms·
Gross profit. Not Net profit. They made a tenth of that after all other costs are considered. [1] 13.6 billion spread over 2.1 million employees works out to ab
by ruste 9y ago
Gross profit. Not Net profit. They made a tenth of that after all other costs are considered. [1] 13.6 billion spread over 2.1 million employees works out to about a $6500 per year raise or about $3.10 per hour given 2087 working hours in a year before they're in the red. It'd help a bit, but nothing life changing. You're vastly overestimating their ability to raise wages without raising prices.
[1]http://www.marketwatch.com/investing/stock/wmt/financials http://www.marketwatch.com/investing/stock/wmt/financials
- timthelion 9y agoAre you sure that a 35% increase in sallary wouldn't be life changing for a person making 18k a year? https://www.glassdoor.com/Hourly-Pay/Walmart-Sales-Associate-Hourly-Pay-E715_D_KO8,23.htm https://www.glassdoor.com/Hourly-Pay/Walmart-Sales-Associate...