While Walmart rakes in annual profits of more than one billion dollars, the average hourly wage of a Walmart sales associate, according to a report by IBISWorld, is just $8.81. That translates to an annual salary of $15,575, far below the federal poverty level for a family of four. On top of being unjust, Walmart’s low wages come at a high price for American taxpayers: a recent report revealed that, because the retail giant’s employees are forced to utilize government benefits to supplement their meager income, a single Walmart Supercenter could cost taxpayers from $900,000 to $1.7 million per year.
As the largest private employer in the nation, Walmart must be held accountable. Sign The Nation’s open letter to company CEO Mike Duke and the Walmart Board of Directors and demand that Walmart give its workers a raise.
In the most recent of his posts tracking Walmart, Josh Eidelson profiles the CEOs, investors and consultants converging on Bentonville, Arkansas this week where the Walmart Board of Directors will discuss the future of the retail giant.
After arriving in caravans from around the country, Walmart strikers held an action in Bentonville, on June 3 outside the Walmart headquarters.