socialmedian: Wal-Mart: Powerhouse for the Poor, Greatest Thing That Ever Happened to Low-Income Americans

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Wal-Mart: Powerhouse for the Poor, Greatest Thing That Ever Happened to Low-Income Americans

Source: CARPE DIEM

Jul 14, 2008

Summary

For years, people have beaten down the doors to work at Wal-Mart. Wal-Mart's more than 1.3 million American employees aren't stupid. The company's wages and fringe benefits -- including health care coverage and retirement benefits -- are comparable to those of other retailers.
Wal-Mart pays as well as Target, according to Chuck Denny, who analyzed the company in an April study for the University of Minnesota's Humphrey Institute of Public Affairs. The average wage for regular, full-time hourly Wal-Mart associates in Minnesota is $11.30, according to Wal-Mart's website, and employees are eligible for performance-based bonuses.
And forget that tired line about dead-end jobs. Two-thirds of store managers were once hourly workers, according to the company.
Wal-Mart is the world's largest nongovernment employer, because it's the world's most popular retailer. A mind-boggling more than 100 million Americans shop there every week.
But Wal-Mart may also be the most demonized company in our country's history. For years, it has been the target of a sophisticated, orchestrated public relat Read the full article

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