Wal-Mart: The high cost of low prices
Posted: Fri Nov 09, 2012 9:56 am
I signed up to netflix this week (why oh why did I wait so long to do this?) and last night I watched this documentary. Amazing, eye-opening, maddening and very well made for a low budget.
It tells the story of what happens to local stores when wal-mart moves into town, most competing stores only last 3-6 months at best. How the staff at wal-mart are on minimum wage and how they are manipulated into working overtime for nothing, how unions are kept out, it tells the story of how the Chinese workers are abused, how wal-mart are paid millions by local authorities to open stores in that town, and how they then open stores just outside their jurisdiction to avoid paying tax to the town that paid them.
There's loads... about 90 minutes of it in all. How much money the Walton family have made by abusing their power, authority, and staff, and how Wal-mart directors lie about it.
74% of all Wal-mart staff are full time employed. But Wal-mart class 24 hours a week as full time.
Wal-Mart have been sued for hundreds of millions, but just don't stop doing what they did in the first place, class action law-suits of enormous proportions by their own staff. It's just endless.
Give it a watch if you can, it's gob-smacking.
It tells the story of what happens to local stores when wal-mart moves into town, most competing stores only last 3-6 months at best. How the staff at wal-mart are on minimum wage and how they are manipulated into working overtime for nothing, how unions are kept out, it tells the story of how the Chinese workers are abused, how wal-mart are paid millions by local authorities to open stores in that town, and how they then open stores just outside their jurisdiction to avoid paying tax to the town that paid them.
There's loads... about 90 minutes of it in all. How much money the Walton family have made by abusing their power, authority, and staff, and how Wal-mart directors lie about it.
74% of all Wal-mart staff are full time employed. But Wal-mart class 24 hours a week as full time.
Wal-Mart have been sued for hundreds of millions, but just don't stop doing what they did in the first place, class action law-suits of enormous proportions by their own staff. It's just endless.
Give it a watch if you can, it's gob-smacking.