Re:Fewer than 40% of New Yorkers earn a living wage
by iso1631 on Tuesday January 10, 2023 @12:18PM
(#34328154)
Walmart employer 1.7m people in the US and has a revenue of $437b in the US.
If those 1.7m employees were all on $10 an hour for 2000 hours a year, that's 34b.
If you doubled that wage to $20 an hour that would result in an extra $34b in costs at most. Revenue would have to go from $437b to $471b, a 7.8% increase.
If those 1.7m employees were all on $10 an hour for 2000 hours a year, that's 34b.
If you doubled that wage to $20 an hour that would result in an extra $34b in costs at most. Revenue would have to go from $437b to $471b, a 7.8% increase.