The report, titled “A Higher Wage is Possible: How Walmart Can Invest in
Its Workforce Without Costing Customers a Dime,” found that Walmart
could raise wages by $5.83 per hour without raising prices. The report
revealed that Walmart spends $7.6 billion annually buying back shares of
its own stock. Amy Traub, co-author of the report, said share buybacks
are “Wall Street financial maneuvers” that are unproductive, and often
fail, in the long run, its goal of making its shares worth more. The
report quotes a Wall Street Journal business analyst,
http://www.alternet.org/labor/why-walmarts-plan-pit-low-wage-workers-against-low-wage-consumers-failing
No comments:
Post a Comment