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Originally posted by kimish
If we hired the guys that run Wal Mart we wouldn't be any better off.
You see the kind of profits they make yet they pay their employees a low wage.
They're greedy!
NEW YORK (CNN/Money) - Over $1 billion in government subsidies have gone into transforming discounter Wal-Mart Stores from a regional discount store operator into the world's largest retailer, according to a report Monday from Good Jobs First, a Washington-based subsidy watchdog group.
"Wal-Mart presents itself as an entrepreneurial success story, yet over a few decades it has made extensive use of tax breaks, free land, cash grants and other forms of public assistance," Philip Mattera, research director of Good Jobs First said in a statement.
The study, which is funded in part by the United Food and Commercial Workers International Union, found that 91 Wal-Mart stores have received individual subsidies ranging from $1 million to about $12 million, in the form of free or reduced-priced land, job training funds, sales tax rebates, tax credits and infrastructure assistance, including investment in roads.
In total, these subsidies amounted to $245 million, the report said.
Separately, the report found that 84 of Wal-Mart's distribution centers received an average of $7.4 million in subsidies, totaling about $624 million. Additionally, a database search for tax-exempt bonds issued by state and local authorities indicated that another 69 Wal-Mart stores received other low-cost financing of about $138 million
Originally posted by SaturnFX
and the second it becomes feasible to replace every single employee there with robots and self checkout stations, they absolutely will.
Originally posted by usernameconspiracy
Originally posted by SaturnFX
and the second it becomes feasible to replace every single employee there with robots and self checkout stations, they absolutely will.
And that one simple statement is not only the main cause of the economic downturn and the current unemployment rate, but the reason we are not likely to recover for the foreseeable future. As long as big business continues to move towards technology to do the jobs humans used to do, more and more jobs will be lost. A robot requires no pension, 401k, vacation time, or sick time. They don't need raises
So instead of ten people doing the same job, one robot does the job for ten people, while one person is hired to make sure the robot doesn't break down.