WAL-MART Drives Down Retail Wages $3 BILLION Every Year
- "A recent study by researchers at UC Berkeley's Labor Center has
quantified what happened to retail wages when Wal-Mart set up shop,
drawing on 15 years of data on actual store openings. The study found
that Wal-Mart drives down wages in urban areas, with an annual loss of
at least $3 billion dollars in earnings for retail workers."
- UPDATE: Since the completion of our film, the study has been
finalized and published, and the published findings produced a
different number for the annual loss in retail earnings than the
preliminary figure we used in the film. The published study ultimately
found that Wal-Mart actually reduced the take-home pay of retail
workers by $4.7 BILLION dollars annually. Unfortunately for the
retail workers this statistic concerns, Wal-Mart's effect on retail
wages turns out to be worse than we had anticipated.
- Source: Arindrajit Dube, "Impact of Wal-Mart Growth on Earnings throughout the Retail Sector in Urban and Rural Counties" [PDF File], UC Berkeley Labor Center, November 2005.
This is pretty much unbelievable. How can people support a company like this? Is it so important to get things cheap that we will support a company that does so much harm to our Communities and the people who live in them?
I work with many people who do not get it, they do not understand or argue with you when you bring this up.
The most recent excuse I got for shopping at Sam's was "I go on a friend's card" So if your friend takes you then it is ok.
As I said before, I'd like to hear you thoughts on WalMart.
When is a company too big?
Thanks for listening.
Bryan
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