LET THEM EAT STOCK  3:00 pm December 13, 2012

Walmart Wages Are No Problem, Says CEO of Walmart

by Kris E. Benson

walmart: the temple of socialized capitalismYou liberals, getting all excited about Walmart workers and their low wages. How typical.

It’s cool though, the Walmart CEO is here to helpfully explain to all of us why these low wages are really not a problem, nope, not a problem at all. In fact, he thinks that Walmart employees are “inspirational” because of what they do. I mean, THEY should be paying HIM to go to work because working at Walmart is like attending a leadership seminar, but with discount cards.

Last night, Bloomberg LP President Dan Doctoroff asked Walmart CEO Mike Duke about how he paid employees. [...] Duke responded that he pays his 2.2 million employees competitive wages. The average full-time, hourly U.S. associate makes $12.57 an hour, according to Walmart.

See? There you have it. Walmart pays competitive wages, says Walmart. Case closed. End of story. So don’t worry about that scholarly study [PDF] stating that Walmart workers make 28% less than workers at other retailers; reality has a liberal bias, everyone knows that. Also too, it’s not like Walmart is raking in the dough, OK? Retail is a “lower margin industry,” apparently. See?

Duke said that retail is a lower-margin industry in general, and that Walmart’s wages are competitive.

“Retailing is the most competitive industry out there, and we do pay competitive wages,” Duke said. “Last year we promoted 165,000 people from entry-level to managerial positions.”

It’s SO low margin that everyone really had to sacrifice so that the CEO could get his $18.7 million dollar salary last year, and also for that $5 million they spent on lobbying, and also for the $61 billion they paid shareholders over the past five years. It’s lower margin, they would LOVE to pay a fair wage, but they just can’t, you understand.

[Business Insider]

 

Hola wonkerados.

To improve site performance, we did a thing. It could be up to three minutes before your comment appears. DON'T KEEP RETRYING, OKAY?

Also, if you are a new commenter, your comment may never appear. This is probably because we hate you.

{ 127 comments }

nounverb911 December 13, 2012 at 3:02 pm

"The average full-time, hourly U.S. associate makes $12.57 an hour, according to Walmart."
When did Walmart start hiring full time workers?

actor212 December 13, 2012 at 3:03 pm

Managers. Which is why the wage is as high as they claim. Those are the folks who didn't die of scrofula or the fever.

Jukesgrrl December 13, 2012 at 3:04 pm

Hey! They did it once in suburban Boston. So there.

Negropolis December 13, 2012 at 11:44 pm

Zing!

PuckStopsHere December 13, 2012 at 3:02 pm

Workers are more than able to make up the difference with food stamps.

Jukesgrrl December 13, 2012 at 3:08 pm

And they arrange for the free mammogram truck to stop by the parking lots. And if breast cancer is detected they can fire the worker right away before she becomes an emotional drain rather than an inspiration. "Here are your instructions on how to apply for unemployment and good luck with that home cyst-removal kit!"

Caradeloca December 13, 2012 at 3:11 pm
actor212 December 13, 2012 at 3:02 pm

"We pay them as little as possible and don't give them healthcare coverage. It's no problem for us, thanks for your concern!"

RedneckMuslin December 13, 2012 at 3:48 pm

No healthcare. Who protects them from all those falling prices?

nounverb911 December 13, 2012 at 3:03 pm

“Last year we promoted 165,000 people from entry-level to managerial positions.”
Managers don't get paid overtime.

(My old architectural firm used to promote the peons to management to save money on overtime).

Dudleydidwrong December 13, 2012 at 3:09 pm

A "managerial position" at Walmart is bent over, ass up, saying "Thank you! Do it again, sir."

MoeDeLawn December 13, 2012 at 3:14 pm

Those positions are real beauties. You get $6 per hour to lie to those you supervise, AND ANOTHER $6 to lie to those who supervise you.

Mumbletypeg December 13, 2012 at 3:33 pm

I'm snarkless at the truth you speak.

gullywompr December 13, 2012 at 3:15 pm

It is? BRB.

nounverb911 December 13, 2012 at 3:05 pm

"At least we didn't set any of our local sweatshops stores on fire."
–Walmart CEO Mike Duke

ManchuCandidate December 13, 2012 at 3:05 pm

Who knew that there was a terrible price to be paid by society for $4 poorly made waffle irons and $2 DVDs of the latest Lindsey Lohan disaster?

hagajim December 13, 2012 at 3:06 pm

Competitive with what? McDonalds? I understand that the company works in a competitive environment. So slash your CEO salary by $10 million a year, pay out $10 billion less to shareholders, and pay your fucking employees an actual living wage. Oh – and actually give them full time work and benefits instead of training them how to file for food stamps and Medicaid.

actor212 December 13, 2012 at 3:09 pm

Targét

RedneckMuslin December 13, 2012 at 3:50 pm

But what about the Walton family?

Negropolis December 13, 2012 at 11:47 pm

Oh – and actually give them full time work and benefits instead of training them how to file for food stamps and Medicaid.

THIS one million times and then a million times more. Walmart is a racket.

Biel_ze_Bubba December 14, 2012 at 7:24 am

The only way to be competitive with Costco, who pay decent wages with benefits to unionized employees, is to not do those things.

gullywompr December 13, 2012 at 3:07 pm

The hourly rates might be competitive, the actual HOURS not so much.

SexySmurf December 13, 2012 at 3:07 pm

I just realized that between the myself and the CEO of Walmart, we made an average of $9.35 million dollars last year. I also just realized I'm rich, biotch; you dirty fucking hippies better not raise my taxes.

weejee December 13, 2012 at 3:13 pm

Don't spend all those S&H Green Stamps you made last year in one place.

ChillBill December 13, 2012 at 3:48 pm

Is that your Ferrari parked outside Smith and Wollensky? It looks so much better now, with a dick keyed into it.

Gratuitous World December 13, 2012 at 3:07 pm

they're competitive with other Wal-Mart workers.

weejee December 13, 2012 at 3:15 pm

And they kick ass over what retail workers from Bangladesh take home.

Perhaps 'kick-ass' is a bit strong.

Tommy1733 December 13, 2012 at 3:07 pm

The way I see it, under normal circumstance, people make decisions to support their own interest, so it is no surprise that the wealthy are hesitant to part with their money. But there seems to be something missing – some wealthy people are known for their benevolence. This benevolence seems to be missing from the Billionaire-American community.

FNMA December 13, 2012 at 3:13 pm

"Benevolence"? Is that even a word? You made that up!

bikerlaureate December 13, 2012 at 3:16 pm

Sometimes indistinguishable from "pragmatism".

…if grabbing as much money now (in lieu of thinking long-term) isn't the goal.

gullywompr December 13, 2012 at 3:17 pm

Balance sheets have no morals.

Biel_ze_Bubba December 14, 2012 at 7:37 am

That must be why Romney could read them so well.

actor212 December 14, 2012 at 9:28 am

Imma have to disagree with you, gently.

SmutBoffin December 13, 2012 at 3:08 pm

ANYONE WHO HATES WAL*MART IS A COMMUNISTS

PLEASE LEAVE YOUR COMUUNIST COMMENTS BELOW SO I CAN WRITE DOWN WHO IS A COMMUNISTS

actor212 December 13, 2012 at 3:10 pm

I'M A COMMUNITS!

HistoriCat December 13, 2012 at 4:45 pm

Commu-tits?

not that Dewey December 13, 2012 at 11:11 pm

Wonkette doesn't allow commu-tits.

IncenseDebate December 13, 2012 at 3:18 pm

HAMMER AND CYCLE BIOTCHES!!!

Biel_ze_Bubba December 14, 2012 at 7:38 am

HUMMER & CYCLE

fify

slithytoves December 13, 2012 at 3:26 pm

IMA SOZIALISTS, KIN I PLAY TO?

not that Dewey December 13, 2012 at 3:30 pm

MARX MY WORDS

RadioBitchFace December 13, 2012 at 5:50 pm

LEON ME, WHEN YOU'RE DOWN.

JustPixelz December 13, 2012 at 3:35 pm

i like commulingus.

Sharkey December 13, 2012 at 3:35 pm

NO YOU'RE A CUMMNUTS!!

BaldarTFlagass December 13, 2012 at 3:37 pm

I thought we were an autonomous collective.

actor212 December 13, 2012 at 3:48 pm

I told you, we're an anarcho-syndicalist commune. We take it in turns to be a sort of executive officer for the week but all the decisions of that officer have to be ratified at a special bi-weekly meeting by a simple majority in the case of purely internal affairs but by a two thirds majority in the case of externalities.

PubOption December 13, 2012 at 3:41 pm

The people's flag is deepest red, it shrouded oft our martyred dead…..

BigSkullF*ckingDog December 13, 2012 at 3:50 pm

KKKKKKKKKKKKKKKKKKKKKKKKK!

Jennyjen798 December 13, 2012 at 7:57 pm

Hey my political spectrum quizzie said I was further left than Marx. I think that makes me legitimate enough to be on your commie list right?

BlueStateLibel December 13, 2012 at 3:08 pm

Walmart – Always slave-wage workers – always!

BaldarTFlagass December 13, 2012 at 3:08 pm

“Last year we promoted 165,000 people from entry-level to managerial positions.”

"Management" is what they call the greeters.

actor212 December 13, 2012 at 3:11 pm

Facilities Manager in charge of Door-Movement.

EatsBabyDingos December 13, 2012 at 3:09 pm

They are indeed inspirational, and warms my heart thinking about the man who cut his donkey's daily rations on a Monday, and when the donkey didn't die, he did the same of Tuesday, and the same on Wednesday, and the same on Thursday until finally, the donkey died on Friday when he and his IED took out the CEO. With votes. Wait. What?

FNMA December 13, 2012 at 3:09 pm

Another heartwarming story from America's labor front: Many of the lower-wage employees at the University of Pittsburgh Medical Center report having to go to food banks to be able to feed their families. The hospital administration heard about it and feeling horrible, set about making it right.
Yes, that's right. The hospital started its own food bank.
And I'll add: Oh, for fuck's sake…

VinnyThePooh December 13, 2012 at 7:00 pm

Very reputable hospitals went to complete shit under the UPMC flag.

BaldarTFlagass December 13, 2012 at 3:10 pm

"The average full-time, hourly U.S. associate makes $12.57 an hour, according to Walmart."

That'd be nice, if they would actually give anyone more than 25 hours a week. And "average?" I guess that some folks make 18 bucks an hour, and others make 6 bucks an hour.

actor212 December 13, 2012 at 3:11 pm

I owe my soul to the company foodbank…

Esteev December 13, 2012 at 4:46 pm

You company chef.

Joshua Norton December 13, 2012 at 3:12 pm

$12.57 an hour

Heads up. 1982 called and totally agrees that's a decent wage.

Botlrokit December 13, 2012 at 3:13 pm

There are workers at Walmart? I can't find any in the forty empty checkout counters.

elgin_pelican December 14, 2012 at 11:56 am

No, there are ASSOCIATES. And they get to do the Walmart cheer, every morning sometimes!

cousinitt December 13, 2012 at 3:13 pm

Also too from the Business Insider: "China's exports to Walmart accounted for 11 percent of the growth of the total U.S. trade deficit with China between 2001 and 2006." Oh, and "The Walton family has given away about 2 percent of its net worth to charity — Bill Gates is giving away 48 percent of his net worth and Warren Buffet 78 percent of his net worth."

Read more: http://www.businessinsider.com/crazy-facts-about-

SoBeach December 13, 2012 at 3:13 pm

If you ever have the misfortune to shop at WalMart it's immediately obvious that the people they hire are the people who couldn't get a job at the retailer next door that pays 28% more.

One could argue that WalMart is giving jobs to people who don't have what it takes to work elsewhere, and that they should be praised for that. But one would be an asshole to argue that. Walmart squeezes its employess just as relentlessly as it squeezes its suppliers, and the result is second rate crap sold in stores run by disinterested people who can't wait to find a better job.

GeorgiaBurning December 13, 2012 at 5:50 pm

OTOH- being disinterested they're not likely to join a union. TAKE THAT, YOU THUGS!

Dudleydidwrong December 13, 2012 at 3:14 pm

Those monkeys on top of the car in the previous story–are they Walmart shoppers or managers? Looks like one of 'em found a good buy on a bra. Only slightly used.

Tundra Grifter December 13, 2012 at 3:23 pm

Monkey #1: "That's a cool lookin' bra. Is it new?"

Monkey #2: "Yeh. Thanks. I just picked it up."

Beowoof December 13, 2012 at 3:15 pm

Mr. Duke has made his customary bet with Lloyd Blankfien on who can be the more obnoxious CEO. The bet tradition is one Duke got from his uncles Randolf and Mortimer. They're famous from their commodity trading firm Duke & Duke from Philadelphia.

RadioBitchFace December 13, 2012 at 3:29 pm

Ken Lay is Dead.

HistoriCat December 13, 2012 at 4:48 pm

KenLayisAlive libel!

RadioBitchFace December 13, 2012 at 5:48 pm

Speaking of which, did he get excommunicated?

HistoriCat December 14, 2012 at 9:53 am

He was sending us reports from the Zucotti Park last year on the Occupy Wall Street movement. Maybe he's just been too busy with important stuff to snark.

TavariousChinaSmith December 13, 2012 at 3:16 pm

You know who else thought work made you free, or that workers should be free, and also was an amoral twat?

CrunchyKnee December 13, 2012 at 3:19 pm

All of them, Katie?

RedneckMuslin December 13, 2012 at 3:56 pm

Scott Walker?

azeyote December 13, 2012 at 8:34 pm

hitler

Negropolis December 13, 2012 at 11:59 pm

Rick Snyder? Rick Perry? Rick Scott? Rick Santorum?

CrunchyKnee December 13, 2012 at 3:16 pm

I went to Wal Mart once. It made me feel weird. I went home and showered. Then I drank some whisky.

gullywompr December 13, 2012 at 3:23 pm

You can feel the vicious cycle from the moment you enter the parking lot. It's palpable.

Biff December 13, 2012 at 5:22 pm

I know! I have to drive through their parking lot to get to either the community recycling bins or the Sonic drive-thru. Hair-raising experience, every time.

emmelemm December 13, 2012 at 3:29 pm

I prefer to peruse the People of Walmart website. FROM AFAR.

Sometimes I even have to shower after that.

mbobier December 13, 2012 at 3:17 pm

I'd like to see this guy spend a few months living on $12.57 per hour. It would be funnier than when Mario Batali went on a food stamp budget for a week.

Ruhe December 13, 2012 at 3:20 pm

It's funny to hear a Walmart CEO complaining about "margin" when "low margin retail" is the tune that Walmart has been calling for decades and everyone else has to dance or get out.

Tundra Grifter December 13, 2012 at 3:20 pm

IF we accept the $12.57 "average hourly wage" one of those workers would just have to put in 1,487,669.05 hours next year to earn as much as the CEO dragged down.

Assuming 2,080 hours per year, the top guy earns just under $9K PER FUCKING HOUR ($8,990.38 if you are scoring at home) – only 715 times what the average hourly worker makes.

Monsieur_Grumpe December 13, 2012 at 3:29 pm

If you insist on using facts and math to prove your point nobody is going to listen to you. Try more CAPS, sprinkle some God and Jesus stuff here and there and shed a few tears.

Esteev December 13, 2012 at 4:51 pm

This is Amercia, duh.

Goonemeritus December 13, 2012 at 3:24 pm

I don’t hate them because they are pricks I hate them because they are driving the race to the bottom.

gullywompr December 13, 2012 at 3:26 pm

Y U NO just go ahead and hate them for being pricks also too?

HogeyeGrex December 13, 2012 at 3:42 pm

If only they were tied to the bumper.

Or even in the car.

Negropolis December 14, 2012 at 12:00 am

The good thing is that you don't have to choose.

fuflans December 13, 2012 at 3:24 pm

well that's all very well but 'we the people' just passed the threshold to "Secure resources and funding, and begin construction of a Death Star by 2016."

so that's good.

Baconzgood December 13, 2012 at 3:24 pm

Fuck wall mart! By from local owners.

Monsieur_Grumpe December 13, 2012 at 3:25 pm

Well, at least someone is making money. However the chances are very good that it's not you.

bikerlaureate December 13, 2012 at 3:26 pm

"Our associates are a great source of pride and personal inspiration for me." might have been cut from this Business Insider story – Google finds it, but I haven't located a web page where that quote is present.

I care because I really wonder how much more inspirational those workers would be if their hours and/or their health care "benefits" weren't being cut to avoid the company's full participation in Obamacare.

CrunchyKnee December 13, 2012 at 3:26 pm

So, I wonder if Sam's kids (they built that?) give a rat's ass about the people who slave in their stores. Fuck them, too. Also.

HogeyeGrex December 13, 2012 at 3:40 pm

Of course they care. They care about how much money those worthless insects are making them.

Mumbletypeg December 13, 2012 at 3:28 pm

"POOR MORE YEARS! — *sob* — POOR MORE YEARS…" — Disenfranchised minimum-wage workers of America

DahBoner December 13, 2012 at 3:31 pm

Someday I want to go to HILLBILLY MOUNTAIN ARKANSAS and see how the elite management snobs live.

I bet those snobs eat their Chick-Fil-A sandwiches with a fork with their little pinkies sticking up…

Ruhe December 13, 2012 at 3:31 pm

"And the non-union Walmarts?" demanded Scrooge. "Are they still in operation?"

actor212 December 13, 2012 at 3:32 pm

It's a good thing those stores are only one story, or we'd have our own personal Foxconn to deal with.

SayItWithWookies December 13, 2012 at 3:32 pm

The owners of Walmart need all that money — so they can pay for the expensive security that keeps them safe from their employees.

not that Dewey December 13, 2012 at 3:34 pm

Fiat money? No way. Fiat reality? Sure, why not?

BaldarTFlagass December 13, 2012 at 3:40 pm

How about a Fiat X1/9?

not that Dewey December 13, 2012 at 3:42 pm

Are those made by Chrysler?

smokefilledroommate December 13, 2012 at 3:48 pm

Fix it again, Tony.

Dr. Matt December 13, 2012 at 3:35 pm

Hey, their employees get a 10% discount at the Walmart food court! Talk about living large!

Antispandex December 13, 2012 at 3:35 pm

Look, what's more important here, paying good wages, or feeding the engine of freedom? That's right, hippies, freedom! You see, if you give ME the 18.7 million dollars, then I take that money and buy myself something nice, like say a hooker, then that hooker is able to take the money and buy something nice, like…well, I don't know what they buy, but it doesn't matter, because that's FREEDOM!

BigSkullF*ckingDog December 13, 2012 at 3:45 pm

Has anyone here ever worked at a Walmart? I know, dumb question. But I have been curious about their training practices ever since my brother worked there for a few years. Granted, my brother is not the brghtest bulb in the fixture, but it appeared to me that he had been brainwashed. Even after being fired by the company (with cause) he is often quick to defend their business practices. It is weird.

FNMA December 13, 2012 at 4:05 pm

My kid worked there while he was in school. (He is employed in his field now.)
His experience was slightly different.
His exit interview consisted of him telling his boss, I believe I'm quoting here, "Go fuck yourself."
I had to tell him that it probably wasn't a good idea.

GeorgiaBurning December 13, 2012 at 5:54 pm

Speaking from experience, it saves time and gets to the point.

GeneralLerong December 13, 2012 at 4:56 pm

Because nobody wants to admit they were taken advantage of for being foolish?

Not before the first dozen or so times it happens, that is. After one has recognized one's place as a hopeless technopeasant, then of course the humiliations just roll off like water from a duck's back.

Then you die, amirite?

deanbooth December 13, 2012 at 5:09 pm

I believe it's called Stockers Syndrome.

Jennyjen798 December 13, 2012 at 8:09 pm

My sister did. She worked there this year, for about 3 months as a stocker. She's actually really intelligent but she's never had a job before (she's 26, long story but severe anxiety issues around people) so she applied. She liked it at first, but once some of the lower level managers figured out she was smart and had a degree, well it was open season on her. A threat to their awesome wages I guess, so my sister cracked and left.

She really didn't say much about the business practices, she knew they sucked. She just wanted something to put on future job applications.

OneDollarJuana December 13, 2012 at 3:46 pm

Walmart wages are competitive because they come into a community, kill the other businesses and are left to compete only with themselves.

BigSkullF*ckingDog December 13, 2012 at 3:47 pm

"The average full-time, hourly U.S. associate makes $12.57 an hour"

I keep hearing this shit from Walmart and I have yet to hear anyone ask the obvious follow up question of what percentage of Walmart employees are full-time? $12.57 an hour probably makes you a department manager.

Beowoof December 13, 2012 at 8:12 pm

Wow that generous salary, I bet that is the store manager. Based upon the last time I was in a Walmart, it appeared as if the manager was a top notch talent based upon the condition of the store. His efforts clearly merited that type of compensation.

OneYieldRegular December 13, 2012 at 3:48 pm

WalMart employee wages are competitive compared to those of the people who work in the foreign factories that make the crap WalMart sells.

christianmuslin December 13, 2012 at 4:31 pm

Their average wage while interesting tells me the CEO has no clue. The average wage of those engaged in landscaping in this country is about $15.00 an hour. So, those who came here illegally make more money per hour than those who were born here and work at his crappy store. Oh, I forgot, Walmart is air conditioned. Nevermind.

Beowoof December 13, 2012 at 8:15 pm

Wouldn't be surprised to see that on a statement of employee fringe benefits.

DixvilleCrotch December 13, 2012 at 4:43 pm

He pays them enough to be able to only shop at Walmart. Makes sense!

Biff December 13, 2012 at 5:50 pm

I'll be getting a 1.7% raise on about 51% of my monthly income next month, so I can finally aspire to being a walmart shopper, too!

Slim_Pickins December 13, 2012 at 5:37 pm

Walmart loses a nickel on every item they sell but makes it up on volume, so there. That's shrewd.

barto December 13, 2012 at 6:14 pm

Average is meaningless. What is the median wage, hmmm? Probably asymptotically close to whatever the prevailing minimum wage is for a given state, I'll wager.

LibrarianX December 13, 2012 at 6:27 pm

I wonder how many of those workers whose wages are "competitive" are also "inspired" to shoplift from their generous employer.

VinnyThePooh December 13, 2012 at 7:05 pm

And the pittance WalMart pays it's employees goes right back into the tillers. It's a microeconomy that WalMart wants to maintain forever.

tamiasmin December 13, 2012 at 8:32 pm

"Low margin" is an ancient dodge that supermarkets used to use.

If you buy an item every morning for $1.00 and sell it in the afternoon for $1.01, at the end of the year your cost for merchandise is $365.00 and your sales are $368.65, so your margin is 1%.

But your profit—$3.65—on investment—$1.00—is 365%.

Negropolis December 13, 2012 at 11:49 pm

So, what's the starting pay for a Bullshit Artist position at Walmart?

BZ1 December 14, 2012 at 12:52 am

I thought they were all "associates" (street name for working poors)?

Comments on this entry are closed.

Previous post:

Next post: