Sunday, November 24, 2013

WalMart could pay $5.80 more per hour WITHOUT RAISING PRICES!

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

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