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At a 'society' level it very much depends on the rich. So Walmart appears to be paying the minimum they possibly can. This massively affects the spending power
by awjr 12y ago
At a 'society' level it very much depends on the rich. So Walmart appears to be paying the minimum they possibly can. This massively affects the spending power of this low wealth group. I believe this was something Ford recognised when building the first mass market cars. Without developing a relatively well off lower/middle class, there would not be enough people to buy his product, so he raised the wages of his factory workers.
- andreasklinger 12y agoagree. aren't the living costs of walmart employee's even subsidized by tax payers? i believe i saw articles about this. (edit): http://www.huffingtonpost.com/2013/05/31/walmart-taxpayers-house-report_n_3365814.html http://www.huffingtonpost.com/2013/05/31/walmart-taxpayers-h...