Wal-Mart earned $27 billion in profit last year. They could afford to pay their bottom million workers $10,000 more a year, raise all of those people out of poverty, cost — save taxpayers billions of dollars, and still earn $17 billion in profit, right? It’s simply nuts that we have allowed this to happen. […] You know, this ridiculous idea that a worker on Wall Street who earns tens of millions of dollars a year securitizing imaginary assets or doing high-frequency trading is worth 1,000 times as much as workers who earn tens of thousands of dollars a year educating our children, growing or serving us our food, throwing themselves into harm’s away to protect our life or property, that this difference reflects the true value or intrinsic worth of these jobs is nonsense.
I mean, can you imagine how different the lives of those workers would be if Wal-Mart paid them an additional $10k a year??? The stimulus to the economy alone…
The majority of my professional career I have been lucky enough to work for private companies with great pay and benefits. I hope I never work for a publicly held company who is beholden to it’s shareholders instead of to it’s people.