Sign of the (unequal) times

Published On November 29, 2013 | By Joseph (Ken) | Economy

bad

Still more proof that the world is heading in the wrong direction.

Walmart Holding Canned Food Drive For Its Own Underpaid Employees

“A Walmart in northeast Ohio is holding a holiday canned food drive — for its own underpaid employees. “Please Donate Food Items Here, so Associates in Need Can Enjoy Thanksgiving Dinner,” a sign reads in the employee lounge of a Canton-area Walmart.

“The company has long been plagued by charges that it doesn’t pay its employees a real living wage. In fact, Walmart’s President and CEO, Bill Simon, recently estimated that the majority of its one million associates make less than $25,000 per year, just above the federal poverty line of $23,550 for a family of four. When the Washington DC city council passed a living wage bill requiring Walmart to pay workers a minimum of $12.50 per hour, the chain threatened to shut down its new stores if Mayor Vincent Gray didn’t veto the bill. Gray vetoed the bill.”

It is reminiscent of McDonald’s tells workers to get food stamps

“An audio recording released by labor activists Wednesday afternoon captures a staffer for McDonald’s’ “McResources Line” instructing a McDonald’s worker how to apply for public assistance.”

What is your opinion, dear reader?

Do you agree with Boris Johnson?  Mayor Of London Says Economic Inequality Can Be Good, And Some People Are Just Too Dumb To Succeed

“Whatever you may think of the value of IQ tests, it is surely relevant to a conversation about equality that as many as 16 per cent of our species have an IQ below 85, while about 2 per cent have an IQ above 130. [According to the Guardian, Johnson then asked whether anyone in the audience had a low IQ. To muted laughter he asked: “Over 16% anyone? Put up your hands.”] The harder you shake the pack, the easier it will be for some cornflakes to get to the top.

“And for one reason or another – boardroom greed or, as I am assured, the natural and god-given talent of boardroom inhabitants – the income gap between the top cornflakes and the bottom cornflakes is getting wider than ever. I stress: I don’t believe that economic equality is possible; indeed, some measure of inequality is essential for the spirit of envy and keeping up with the Joneses that is, like greed, a valuable spur to economic activity.”

 

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About The Author

Joseph (Ken)
(Ken) is a Registered Public Accountant with over 25 years of public practice experience in the accounting profession. Ken specializes in accounting information systems, taxation and financial reporting.

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