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Walmart only makes less than $7k per employee. They have 2.2million employees. Regardless of the common narrative - they simply can't afford to raise all of th
by krickkrack 5y ago
Walmart only makes less than $7k per employee. They have 2.2million employees. Regardless of the common narrative - they simply can't afford to raise all of their employees wages by any meaningful amount with their current profits.
- albatruss 5y agoWalmart makes over 200k in revenue per employee. Using profit to make your point is not applicable if honest. Otherwise you would advise Amazon to cease hiring altogether in all those years they were seemingly losing money per employee.
- krickkrack 5y agoRevenue is largely irrelevant in either case. And why would anyone treat an established retailer like a high-growth company? That makes no sense.
- dehrmann 5y agoWalmart's profit margin is 2.20% (that's a very low number). That's an extra $4,400 per employ at most.
- throwawaysea 5y agoHow can we know that? The profit margin that is publicly known is after spending that might be optional. For instance, Walmart could forego some investment like building a new store, or expand more slowly, and be able to pay higher wages that go beyond the buffer of their current profit margin as a result.
- dehrmann 5y ago> The profit margin that is publicly known is after spending that might be optional. For instance, Walmart could forego some investment like building a new store, or expand more slowly... You can see cap ex on their cash flow statement and create all sorts of hypothetical profit margins for them. Walmart can't actually take a hit like that because their monopoly power isn't strong enough. Their game is low prices. If they grow slower, they'll start losing market share to the dollar stores, Target, etc. If they raise their prices, the same thing happens. It's different when labor is in short supply or you want more skilled labor. Starbucks pays more and hires somewhat overqualified baristas because they see value in it and offering a premium experience.
- deleted 5y ago[deleted]
- djbebs 5y agoWalmarts finances are public, you need only read their latest 10-K and youll have a pretty good idea of how much money they make.