Re:The New 30-Something
by camgunz on Tuesday March 05, 2019 @10:50PM
(#19316276)
> it’s quite a different thing to argue that Walmart should raise their wages without explaining where that money will come from
In FY2018, Walmart "generated $28.3 billion in operating cash flow and returned $14.4 billion to shareholders through dividends and share repurchases" [1]. The best study I can find [2] says a hike from $10/hr. to $15/hr. would cost around $5 billion a year.
TL;DR: Walmart could pay workers $30/hr. The money comes from there.
In FY2018, Walmart "generated $28.3 billion in operating cash flow and returned $14.4 billion to shareholders through dividends and share repurchases" [1]. The best study I can find [2] says a hike from $10/hr. to $15/hr. would cost around $5 billion a year.
TL;DR: Walmart could pay workers $30/hr. The money comes from there.
[1]: https://news.walmart.com/2018/02/20/walmart-us-q4-comps1-gre...
[2]: https://www.reuters.com/article/us-walmart-wages-idUSKCN0YW2...