Profiting From Government Subsidy: That’s The Real Walmart

Walmart has been running a new ad campaign with the tagline “That’s The Real Walmart.” The ads started earlier this year and they are designed to trumpet career growth opportunities for Walmart “associates.” Every time I see one of these ads I can’t help but think it’s a slap in the face to the thousands of Walmart workers who have organized and protested the company’s low wages and minimal benefits. But these commercials offer a completely different message. If you didn’t know better, you’d think Walmart was the ideal company to work for. I’m sure there are positions within Walmart that pay good wages and offer adequate benefits, but what about the average Walmart floor worker? And don’t get me wrong, I’m not trying to critique Walmart employees, because in this economy, with so many people still looking for work, a job is a job. I’m not judging Walmart employees, I’m judging Walmart.

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Fact of the Day: In 2012, Corporate Profits Hit Record 11.1 Percent Of GDP

Corporate Profits - Percent of GDP - Quarter 3, 2012It might only be four years and change since the worst economic downturn since the Great Depression, but you wouldn’t know it if you looked at corporate profits of late. In the 3rd quarter of 2012, corporate profits hit an all-time high of 11.1% of Gross Domestic Product (GDP). This is at the same time that the unemployment rate is still nearly 8%, and wages are stagnant or worse.

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