- If you haven't read Part 1 first, please do so. It will
insure that the following has clarity for you. Wal-Mart
Truth - Straight From Their Lips - Part 1
- Below are a few more additional points about the blue
- * Annual revenue is currently more than 285 billion dollars.
Most likely the reporter on CNBC was referring to net income
- rather than gross. However, this is not a terribly relevant
issue since the main problem the chain creates is long term damage to the
American family through more economic hardship at poverty wages, the American
economy, the American job market and American small businesses.
- * Wal-Mart has been caught insuring all their employees
with life insurance, with proceeds going to the company and not to any
beneficiary or relative of the deceased employee. This truly treats employees
as a death investment.
- * The documentary also covered a female employee who
has a national management job. She is in charge of all pet departments
in the chain, and her career began in a store's pet department. This was
used as an example of promotion from within. What has been exposed in the
past about internal promotions, are that a college business degree is required
any management position in the company, even down to a store manager job.
Unfortunately the documentary was too easy on the chain and this "minor
detail" was not covered..
- * There are some who have written me claiming that the
Wal-Mart philosophy of cheaper is better ,and that's what business is about.
(?) To them I say, "What about the more than 700 sweatshop factories,
working 12-15 hour shifts, 7 days a week in China? This is not fiction,
but was covered on another documentary last year. It showed the factory
conditions. They were strongly reminiscent of America at the turn of the
last century. Boiling hot conditions, no ventilation, unclean air and much
more. There is also horrible, sub-human brutal treatment of menstruating
women on production lines that is so terible it cannot be discussed here.
- * To those that think that "cheaper is better, people
want more for their money, or business is business" philosophy I ask,
Would YOU want your children working in such a sweat-hole? And equally
important - would you like your children and grandchildren to be able to
find a job here in America when they are teenagers, and when they graduate
from college? And in the future when your children and grandchildren can
no longer find a job anywhere accept BELOW minimum wage as part-time workers
- then how will you feel about those jobs you helped to export after it's
too late? It will be the proverbial "grass is greener on the other
side of the fence" ...Green grass, until you jump the fence and discover
it's all Astroturf.
- * We can also thank the RUTHLESS, tyrannical MBA types
who would rather buy a factory and shut it down. They raid a company's
value for the short term, rather than keep people employed and make the
corporation even more successful and hire even more people. If you have
ever met one of these MBA types you would know exactly what I mean. I've
met several of these people in business. Now this cut-throat business approach
is Wal-Mart's philosophy. The proof? Their actions show it, when they drive
local small businesses under wherever they plant one of their cookie-cutter
stores. But Wal-Mart best learn that "What goes around...comes around."
- So when you are trying to decide to patronize that mom
and pop store you always went to before the blue box came to town or go
to the blue box - now your decision should be easy. If you have trouble
remembering, then burn into your brain the images of sweatshops with 10
year old children working 12 and 15 hour days making $200.00 Nike shoes,
clothes and handbags working for pennies an hour. Factories that you don't
want to use your hard-earned money to support.
- Every item bought at Wal-Mart adds another nail in the
coffin of America's future.