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by bko
2576 days ago
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The whole point of a voluntary exchange of labor or goods is that it has to benefit both parties for it to take place. Companies, including Walmart, don't set wages arbitrarily. Despite their size, they can't control the market for labor. They don't pay what they do because they are generous. There are frictions with hiring and onboarding people. They want their employees to be happy. And even if they were a significantly large employer, the market is not a closed system and things change Regarding your welfare claim, it depends how you look at it. Walmart is offering these people the best employment opportunity they can get, otherwise they would work elsewhere. If they lost that opportunity which certainly some would with increased costs, they would likely be moved to more generous government benefits. |
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> [Walmart] wants their employees to be happy
There is little evidence for this that I have seen. Rather, they want to provide as little support for employees possible consistent with maintaining their profits. But there are many, many horrific stories of Walmart abusing and taking unethical (often illegal) advantage of employees.
In addition Walmart spends considerable effort and money lobbying governments to undermine basic worker rights and protections.