Saturday, November 30, 2013

Wal-Mart: Most Successful Black Friday in Walmart's History

Wal-Mart issues statement on Black Friday events: 'most successful Black Friday in Walmart's history':
Co also stated, "For our part, we want to be absolutely clear about our jobs, the pay and benefits we offer our associates, and the role retail jobs play in the U.S. economy. Walmart provides wages on the higher end of the retail average with full-time and part-time associates making, on average, close to $12.00 an hour. The majority of our workforce is full-time, and our average full-time hourly pay is $12.81 an hour. We are also proud of the benefits we offer our associates, including affordable health care, performance-based bonuses, education benefits, and access to a 401K."
Compare this with the minimum wage, the federal wage, in Washington, DC, high cost area where most Wal-Mart employees do not work (thank goodness): $7.25. Source: WSJ. Other than a questionable $15/hour minimum wage in SeaTac, the highest minimum wage comes nowhere close to Wal-Mart's average of $12.00 an hour + benefits.

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