Monday, December 8, 2008

Wal-Mart (Mr.Meany2U)

Facts and numbers do not lie. Americans spend $36,000,000 every hour of every day in Wal-Mart. This works out to over $20,000 of profit for the company every minute. They employ 1.6 million people, making them the largest private employer, and the majority of these employees cannot speak English. They sell more food than any other store in the world, selling more than Kroger and Safeway combined, and achieved this feat in under fifteen years. Thirty one supermarket chains have filed for bankruptcy during this same period. Of the 3,900 stores in the USA, 1,906 are supercenters. This is 1,000 more than they had five years ago. There are more purchase transactions in a year through Wal-Mart than there are people on Earth. The net result of this business activity has been the creation of the richest board of directors in the history of mankind. If the Wal-Mart Board of Directors cut their salary by only 1% then all of their employees could be provided with full healthcare coverage. This company ranks #1 in employees without company funded healthcare and accounts for more workers receiving government-funded healthcare than any other company. These are trends that are also getting worse, or better, depending on whether your last name is Walton or not.

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