California Welfare: True or Not?

Started Feb 14, 2013 | Discussions thread
dad_of_four
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Re: Right! Give Walmart Welfare - I hear ya!
In reply to Chato, Feb 17, 2013

Chato wrote:

I spent some time figuring this out, (From memory admitidly suspect) and if Walmart gave all it's 500K workers a three dollar an hour raise, their yearly profits would decrease by four billion bucks, leaving them a paltry 16 billion to divy up.

I don't want to crap on your point, but Walmart has more than 2 million employees. So your suggestion means their profit would decline by 12 billion bucks, leaving them 4 billion to divvy up

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