US economy depends on the success of Walmart workers' Black Friday strike

Walmart and other big-box retailers have helped eviscerate the very American middle class they depend on to buy their stuff

A half-century ago, America's largest private-sector employer was General Motors, whose full-time workers earned an average hourly wage of around $50, in today's dollars, including health and pension benefits. Today, America's largest employer is Walmart, whose average employee earns $8.81 an hour. A third of Walmart's employees work fewer than 28 hours per week and do not qualify for benefits. There are many reasons for the difference – including ... Full Story »

Posted by Randy Morrow - via Google News (U.S. Economy)
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Posted by: Posted by Randy Morrow - Nov 22, 2012 - 11:49 AM PST
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Edited by: Dwight Rousu - Nov 23, 2012 - 4:59 AM PST

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Jack Powers
4.0
by Jack Powers - Nov. 23, 2012

More broadly, the widening inequality reflected in the gap between the pay of Walmart workers and the returns to Walmart investors, including the Walton family, haunts the ... More »

See Full Review » (4 answers)
Randy Morrow
4.0
by Randy Morrow - Nov. 23, 2012

Walmart earned $16bn last year (it just reported a 9% increase in earnings in the third quarter of 2012, to $3.6bn), the lion’s share of which went, instead, to ... More »

See Full Review » (11 answers)
Dwight Rousu
4.3
by Dwight Rousu - Nov. 23, 2012

Other big-box retailers are watching carefully. Walmart is their major competitor. Its pay scale and working conditions set the standard. More »

See Full Review » (12 answers)

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  • Walmart's Internal Compensation Documents Reveal Systematic Limit On Advancement

    (Multimedia) Lisa's experience sheds light on why a group claiming to represent tens of thousands of Walmart workers nationwide is planning strikes and other labor actions at as many as ...
    Posted by Dwight Rousu