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The idea of retirement in the U.S. often conjures up images of fit seniors strolling along the beach, enjoying a leisurely round of golf or perhaps sharing a meal in an exotic locale. For most people, however, the reality is far less glamorous.
Walmart's top brass and its shareholders face a confrontation with their "moms" at the company's annual shareholders meeting Friday in Fayetteville, Ark. That is, the "Walmart Moms" who are demanding higher wages from the nation's biggest employer. The labor union-supported workers' group is demanding a pay increase to $12.25 an hour, or $25,000 a year for full-time work. Organizers said that workers would picket on Wednesday outside stores in cities including Chicago, Miami, Milwaukee, Minneapolis, Los Angeles and Tampa.
Walmart, the world's largest retailer (and America's largest private employer), occupies a rather strange place in the business landscape: a technologically innovative company with a down-home reputation – a low-wage, low-benefit employer that prides itself on a family atmosphere. Walmart masks the lousy working conditions that make its profits with its particular form of market populism: millions of "Walmart moms" can't be wrong for wanting to "save money, live better", can they?
(NEW YORK, NY) – In anticipation of the annual Walmart shareholders’ meeting this week, national public policy organization Dēmos has released a 2014 update of previous research detailing how Walmart can afford to give its workers a raise by redirecting the funds spent annually on buying back shares of Walmart’s own company stock.
Alongside the everyday low prices, Walmart shoppers in Landover Hills, Maryland, might encounter Gail Todd. A mother of three who works there as a sales associate, Gail would like to work full time but has recently seen her schedule cut to as few as 12 hours a week. She has no idea how much she’ll end up making this year; even when she was working closer to full time, she expected to bring home just $17,000. Currently she and her family depend on D.C.’s public health care system, food stamps and low-income housing to stay afloat.
Times are tough for creative people in the entertainment industry -- even as big profits roll in for corporations like Viacom and Disney. It's a familiar story, only in this case its film editors, make-up artists, and musicians who are getting creamed.
While many of Walmart's workers rely on food stamps and other government aid to make ends meet, its top eight executives are living better, thanks in part to $298 million in tax-deductible "performance pay" during the past six years.
Even at the mall or a discount store, where women are courted and catered to, they are paid less than men. Women in US retail jobs earn on average $4 an hour less than men, or 72 cents for every dollar men make, according to a new report by Demos, a liberal nonprofit public policy organization. The overall pay gap for women in the US is around 80 cents.