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$5B (quarterly profit) is $2,400 per employee, and a 3.2% profit margin on $611B of annual revenue. Yes, an extra $9,600 annual pay for each employee would make
by reaperman 2y ago
$5B (quarterly profit) is $2,400 per employee, and a 3.2% profit margin on $611B of annual revenue. Yes, an extra $9,600 annual pay for each employee would make a huge difference to many, but how low of a profit will shareholders tolerate below 3.2%? Maybe a better argument would be to find a larger bucket (much larger than $5B/quarter) where Walmart could perhaps reduce spending and redirect that to rank-and-file employees?
- pembrook 2y agoThey made $11.292B total profit for all of 2023. Also, what's more likely; One of the most efficient supply chain coordination companies in history with razor thin margins is leaving tons of cost savings on the table...or...random internet commenters like us don't actually know that much about Walmart's business nor the basic economics of labor markets?