they make 300 billion a year in revenue and yet they only start out paying people 6 7 bucks a hour when costco wich is a much smaller company starts all of its workers out at 10 a hour it doesnt make sense.
2006-07-18 15:03:11 · 13 answers · asked by Anonymous in Business & Finance ➔ Careers & Employment
that is why that pay so little, so they can make so much.
2006-07-18 15:06:20 · answer #1 · answered by meow 3 · 1⤊ 0⤋
It has to do with the profit margins for the products they sell. Their items are very cheap, hence their profits are not as high as some of the other chain stores, hence their employees get paid less. Also, by the way, I believe Exxon was rated the number 1 highest grossing industry since their government subsidation and increased oil prices, could be wrong, check Forbes and let me know.
2006-07-18 15:09:41 · answer #2 · answered by veritas 2 · 0⤊ 0⤋
Thats why they are rich! They also sub-contract providers so they dont have to pay fillers employers and the providers workers just came and sort their merchandise. In adittion they make exclusive products contracts with companies so they can monopolize this low price product in the market. Buy Sam Walton books and u will know more.
2006-07-18 15:10:22 · answer #3 · answered by Jessica F 2 · 0⤊ 0⤋
Things you need to know about Walmart:
a) it has improved its process and automation efficiency to level where nearly no worker is indespensible
b) Reason they are rich because they invest a lot on process efficiency and pay people only for the bit people need to do.
c) If they distribute all their money to raise the salary to people, they will not have any money left to invest into providing cheaper products to end-users. If you as end-user is given a choice to select between higher salary for their employees and lower product cost, which one will you choose?
2006-07-18 15:38:44 · answer #4 · answered by RKM 3 · 0⤊ 0⤋
That's why they are the richest company in the world. Low wages and reduced benefits for part-timers. I've heard that if you can stick it out with them though, the retirement is exceptional.
2006-07-18 15:08:32 · answer #5 · answered by LHM 2 · 0⤊ 0⤋
How do you think they got to be the richest company in the world?
2006-07-18 15:06:25 · answer #6 · answered by geejtopia 5 · 0⤊ 0⤋
Because they know they can hire desperate people and pay them squat and those poor, desperate people will still work at those rediculous wages because they want to eat and have a roof over their head.
2006-07-18 15:08:04 · answer #7 · answered by Anonymous · 0⤊ 0⤋
Because they can. They pay less, they make more, they can sell items for less because it costs them less to stock the store... Go to work for Costco and shop there.
2006-07-18 15:06:43 · answer #8 · answered by InnerCircle 4 · 0⤊ 0⤋
Here in California, the starting rate at our WalMarts is $8.20...making it harder for other companies to keep their employees. I tell you what though, I could never work there!
2006-07-18 15:16:30 · answer #9 · answered by Gothic Martha™ 6 · 0⤊ 0⤋
You are putting the cart before the horse. They make all that profit because they pay so little.
2006-07-18 15:08:02 · answer #10 · answered by Anonymous · 0⤊ 0⤋
That's a big part of the reason they got so rich. They are too greedy to change.
2006-07-18 15:06:30 · answer #11 · answered by Anonymous · 0⤊ 0⤋