What do you think of Wal-Mart giving out just under $1 Billion in bonuses... to the HOURLY employees? See LINK:
by 
Jim in a Nautilus COAT
ANSWERS: 6
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I think it's *wonderful*!!!!!!!!!!!
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Now this is the kind of bonus i agree with. It beats the fat cats bonus at AIG, simply because it effects all the employees and not just a select few. WalMart..........i am impressed.
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I think Wal-Mart gets criticized when it doesn't deserve it. I've lived most of my life in a very "nice" metropolitian area where people demonize Walmart. Recently, I moved to a very small town that has a local Super Walmart. They are open 24 hours a day and are a big part of the community. They are extremely tolerant of the teens, who have very little to do out here in the sticks. They've set up various video games as "demonstrations" but let the kids stay there all night having tournaments and the like. They support local parades and competitions and are always visible at the high school sporting events. I have a new appreciation for Walmart.
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About time. I guess it's still cheaper than giving them permanent hourly wage adjustments.
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Let's see, that's $1 billion in bonuses spread over 1.5 million employees (I'm rounding off). That works out to $670 per employee. Assuming the average Wal-Mart employee works 1500 hours per year (because Wal-Mart doesn't like the laws that kick in for 'full-time' employees), that translates to an hourly wage bonus of..... FORTY-FIVE CENTS PER HOUR! ($0.45/hr) Whoop de dam freaking doo....:-P.... Just to put that in perspective, the federal minimum wage will go up $0.70/hr. later in 2009. . . .
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A nice gesture, but that's all it amounts to. Just like Bush trying to by the public's support before the election with $600, Wal*Mart is trying to do the same. It's wonderful that they do ANYTHING that's not legally necessary, but real changes like going out and eliminating sweat shops, making an effort to carry American goods in America, NOT getting sued regularly for shorting employees hours (and losing), and NOT taking government money to build there stores. Repeatedly Wal*Mart has taken government grants or incentives to build there stores. On several occasions they have destroyed the local businesses and then moved their shop down the street and out of the tax zone that gave them the money to start. I find Wal*Mart disgusting and throwing out a few table scraps won't change that.
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