Thread: Bernie Sanders blasts Walmart as ‘poster child’ for corporate greed over ‘starvation

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U.S. Senator Bernie Sanders is expected to unveil a bill calling for Walmart to raise employees’ wages, or face financial consequences.

Bernie Sanders blasts Walmart as ‘poster child’ for corporate greed over ‘starvation wages’

By Brittany De Lea
Published November 15, 2018
U.S. EconomyFOXBusiness

Ed Rensi on Sanders vs. McDonald's: Bernie Sanders is irrelevant

Former McDonald's USA CEO Ed Rensi on Sen. Bernie Sanders, (D-Vt.), calling on McDonald's to raise wages.

Independent Vermont Sen. Bernie Sanders unveiled a bill on Thursday calling for Walmart – which he dubbed the “poster child” for corporate greed – to raise employees’ wages, or face financial consequences, after a similar effort was successful against e-commerce giant Amazon.

Video at the page link

“[We’re seeing] large profitable corporations … pay their workers starvation wages, while at the same time providing CEOs with very, very high compensation packages,” Sanders said on a phone call with the media.
The bill, dubbed the “Stop Walmart Act,” would prevent large employers from buying back their own stock until they pay all employees at least $15 per hour, provide workers with at least seven days of paid sick leave and stop CEO compensation from rising above 150 times median worker pay, according to The Washington Post. Companies use stock repurchases to increase the value of shares on the market, which is good for investors, as the business invests in itself.
In tweets fired off on Wednesday, Sanders railed against the federal minimum wage – $7.25 per hour – and the Walton family, which owns Walmart.

Bernie Sanders ✔ @SenSanders

Video at the tweet

The Walton family of Walmart is the wealthiest family in the country, worth nearly $175 billion. Meanwhile, Walmart pays its workers wages so low that many of them are forced to depend upon public assistance programs.
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During Thursday’s press conference with the media, Sanders slammed a member of the Walton family for having an antique car collection worth $226 million – including 12 Ferraris, six Porsches, two Maseratis and a 1963 Corvette.
A spokesperson for Walmart said the company has increased its starting wages by more than 50 percent over the last three years and currently provide average hourly total compensation in excess of $17.50 per hour.
"We’ve also added new benefits like paid time off, advanced job training, paid family leave and college for $1 a day. In addition, our associates continue to earn quarterly cash bonuses – more than $625 million last year alone," a Walmart spokesperson said.
Walmart employs more than 2.2 million people across the world, including 1.5 million in the United States, according to its website.
Rep. Ro Khanna, D-Calif., is a co-sponsor on the bill.
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Sanders employed a similar tactic against Amazon in September – introducing the Stop BEZOS Act, which would have imposed a 100 percent tax on large employers equal to the amount that their workers receive in public assistance benefits. In response, the e-commerce giant raised its minimum wage.
Khanna and Sanders praised Amazon and Disney for increasing wages to $15 per hour.
“I am confident that Walmart will eventually do the right thing, like Amazon has, like Disney has, and move to $15,” Khanna said.
The Stop BEZOS Act, while directly targeting Amazon, was also aimed at the country’s largest retailers, including Walmart.





https://www.foxbusiness.com/economy/...6dohtsp8BaN5tE

Pay Walmart employees with no skills or education $15 an hour.

Then pay office workers who currently earn $15 an hour $20 BUCKS an hour. They have education, skills, computer skills, word, excel, accounting, spelling, math, have to dress and speak properly and meet with clients.

EVERYBODY GETS A $5 DOLLAR AN HOUR RAISE...EH BERNIE?

MINIMUM WAGE WAS NEVER MEANT TO FEED A FAMILY OF SIX.

WAIT TO HAVE A FAMILY AND WORK YOUR WAY UP THE LADDER!





How about go after the expensive rent, housing, electric, gas, water, cable TV, internet, cell phone, car insurance, health insurance companies BERNIE!

$187.00 a month just for Cable TV and Internet

$160.00 a month for 2 cell phones and 2GB!!!

Then buy a new $1,000 dollar phone every 2-3 years because they are obsolete!

$3.00 - $4.00 bucks a gallon for gas!

Outrages healthcare premiums forcing us to pay for the world's breeding poor!

Now you can buy a pick up truck for $70 GRAND !!!

THOSE ARE THE EXPENSES BREAKING OUR BACKS YOU TWIT!