Friday, December 26, 2014

Walmart is NOT Your Friend!

Published on Nov 26, 2014
The film exposes Wal-Mart's unscrupulous business practices through interviews with former employees, small business owners, and footage of Walmart executives.

Uploaded on Feb 27, 2011
On February 17, New York's City Council held a hearing to examine Walmart's notoriously bad labor practices in response to the company's plans to open stores throughout the city. Several Walmart workers were on hand to tell their stories. These are two of them.
Published on Jun 10, 2013
Twitter: @talantbt
Uploaded on Feb 14, 2011
Megyn Kelly reports that four Walmart employees were fired after disarming an shoplifter armed with a weapon. Walmart says they violated company policy and put shoppers and workers in danger.
The 2.6 Billion Dollar Welfare Payment That the U.S. Government Gives to Wal-Mart
Michael Synder
Monday, December 29, 2014
Should the federal government be spending billions of dollars to pump up Wal-Mart’s profits? I know that question sounds really bizarre, but unfortunately this is essentially what is happening
Because Wal-Mart does not pay them enough money, hundreds of thousands of Wal-Mart employees enroll in Medicaid, food stamps and other social welfare programs. Even though Wal-Mart makes enormous profits, they refuse to properly take care of their employees, so the federal government has to do it
And of course this is not just a Wal-Mart problem. There are hundreds of other major corporations doing exactly the same thing. And they will keep on doing it as long as they can because relying on the federal government to take care of their employees allows them to make much larger profits. This gives these companies an enormous competitive advantage and it distorts the marketplace. If you love the free enterprise system, you should be aghast at this. Our big corporations have become the biggest "welfare queens" of all, and Wal-Mart is near the top of that list
Does your local Wal-Mart store seem like it needs help from the federal government
Of course not
Wal-Marts all over the nation were absolutely packed this holiday season, but
according to a recent Bloomberg article, the average amount of welfare that Wal-Mart employees receive from the government each year breaks down to about $420,000 per store…
Wal-Mart’s low wages have led to full-time employees seeking public assistance. These are not the 47 percent, lazy, unmotivated bums. Rather, these are people working physical, often difficult jobs. They receive $2.66 billion in government help each year (including $1 billion in healthcare assistance). That works out to about $5,815 per worker. And about $420,000 per store.
Does that make you angry
It should
Today, Wal-Mart employs approximately 1.2 million people in the United States, and it makes a yearly profit of about 17 billion dollars
So why does it need 2.6 billion dollars of help from the U.S. government
Wal-Mart is a colossal money-making behemoth. Just consider
the following numbers
The size of Wal-Mart is sometimes difficult to visualize. To put it into some context, consider the following: 100 million U.S. shoppers patronize Wal-Mart stores every week. Wal-Mart has twice the number employees of the U.S. Postal Service, a larger global computer network than the Pentagon, and the world’s largest fleet of trucks. Americans spend about $36 million dollars per hour at the stores. Wal-Mart now sells more food than any other company in the world, capturing one of every four dollars spent on food in the U.S. The average American family of four spends over $4,000 a year there. Each week, it has 200 million customers at more than 10,400 stores in 27 countries. If the company were an independent country, it would be the 25th largest economy in the world.
Wal-Mart does well enough to be able to pay their workers a livable wage.
And yet they refuse to do it
Shame on them
Meanwhile, the six heirs of Wal-Mart founder Sam Walton have as much wealth as the poorest one-third of all Americans
This reminds me of something that I read in
the fifth chapter of James the other day…
Come now, you rich men, weep and howl for your miseries that shall come upon you. Your riches are corrupted and your garments are moth-eaten. Your gold and silver are corroded, and their corrosion will be a witness against you and will eat your flesh like fire. You have stored up treasures for the last days. Indeed the wages that you kept back by fraud from the laborers who harvested your fields are crying, and the cries of those who harvested have entered into the ears of the Lord of Hosts. You have lived in pleasure on the earth and have been wayward. You have nourished your hearts as in a day of slaughter.
But we continue to reward this behavior, don’t we
100 million of us continue to visit Wal-Mart every single week, and we continue to fill up our shopping carts with cheap products that are made outside this country
We refuse to support American workers and American businesses, and this is a recipe for utter disaster. For much more on this, please see my previous article entitled "
National Economic Suicide: The U.S. Trade Deficit With China Just Hit A New Record High"
The truth is that we cannot consume our way to prosperity. When we consume far more wealth than we produce, we pile up debt and we become poorer as a nation
And as a country we have become exceedingly cold-hearted toward our workers. If you truly love free markets and capitalism, you should be encouraging big companies to pay their workers properly. Instead, we are moving closer and closer to the slave labor model employed by China and other communist nations with each passing day. Sadly, I am becoming increasingly convinced that many prominent "pro-business" voices in America today are actually closet communists. They seem to want everything to be made in China and for American workers to be paid just like Chinese workers
At this point, the U.S. middle class is well on the way to being destroyed. As I have written about previously, 40 percent of all American workers now
make less than what a minimum wage worker made back in 1968 after you account for inflation
How is the middle class supposed to survive in such an environment
And for any "pro-business" people that want to defend Wal-Mart, do you actually like paying suffocating taxes to support all of the people that are being forced on to the safety net
What is our society going to look like as millions more Americans become dependent on the federal government each year? Government dependence is already at
an all-time record high. How much worse do things have to get before we admit that we have a real problem?
Unfortunately, it looks like our problems are only going to accelerate in 2015. Thanks to the stunning decline in the price of oil, we are starting to lose good paying jobs in the energy industry
One company caught in the industry downturn is Hercules Offshore Inc. The Houston-based firm is laying off 324 employees, roughly 15% of its workforce, because oil companies aren’t renewing contracts for its offshore drilling rigs in the Gulf of Mexico while crude prices are depressed
"It’s been breathtaking," said Jim Noe, executive vice president of Hercules, which was founded in 2004. "We’ve never seen this glut of supply and dislocation in oil markets. So we’re not surprised to see a significant decline in demand for our services."
These are jobs that we cannot afford to lose
Since the end of the last recession, the energy industry has been the leading creator of good paying jobs in America
But now as the U.S. energy boom goes bust, it might lead the way in job losses
In order to have a middle class, we have got to have middle class jobs
Unfortunately, those kinds of jobs are disappearing and the entire U.S. economy is moving toward the Wal-Mart model
In the end, we will all pay a great price for such foolishness
This article first appeared
here at the Economic Collapse Blog. Michael Snyder is a writer, speaker and activist who writes and edits his own blogs The American Dream and Economic Collapse Blog. Follow him on Twitter here.