Fun Facts about Walmart

From The Walmart 1%

• Walmart workers average just $8.81 hour. This translates to annual pay of $15,576, based upon Walmart’s full-time status of 34 hours per week.   This is less than 70% of the poverty line for a family of four.
  
• Walmart store openings destroy almost three local jobs for every two they create by reducing retail employment by an average of 2.7 percent in every county they enter.
• Walmart pays less than other retail firms.  A 2005 study found that Walmart workers earn an estimated 12.4% less than retail workers as a whole, and 14.5% less than workers in large retail in general.  A 2007 study which compared Wal-mart to other general merchandising employers found a wage gap of 17.4%.
• Walmart cost America an estimated 196,000 jobs – mainly manufacturing jobs – between 2001 and 2006 as a result of the company’s imports from China.
• Last year, Walmart slashed already meager health benefits, leaving more workers uninsured.
• Despite all the damage they have done to US workers and communities, a 2007 study found that, as of that date, Walmart had received more than $1.2 billion in tax breaks, free land, infrastructure assistance, low-cost financing and outright grants from state and local governments around the country.   This number has surely increased as Walmart continues to receive additional subsidies.
  
• In many states across the country, Walmart is the employer with the largest number of employees and dependents using taxpayer-funded health insurance programs.