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Showing posts from November 3, 2013

Poverty creates no demand

Every year I have to unload on Walmart. It may be a sickness, but please bear with me just the same. The doctor says it’s therapeutic. When someone admits to you who they are on the inside, believe them. According to Walmart's own numbers, they employ 1,300,000 people across the country. By my math, a worker likely making under $13,000 per year needs to recognize that the fruits of his or her labor are padding the pockets of its owners to the tune of $13 billion in pure profit. Again, this is by Walmart's own admission. If you got out your calculator like I did, you probably figured out that $13 billion equates to an average of $10,000 per year skimmed from the pockets of each and every Walmart employee across this bountiful land. And these poor people are on welfare, which is, as you well know, an array of taxpayer-funded programs. While a manager gets to make a living wage – or at least today's median salary – which is $50,000, how do you suppose you'd feel as