Money Articles

American Prospects

Why You Shouldn't Shop at Wal-Mart on Friday

November 23, 2012

A half century ago America?s largest private-sector employer was General Motors, whose full-time workers earned an average hourly wage of around $50, in today?s dollars, including health and pension benefits.

Today, America?s largest employer is Wal-Mart, whose average employee earns $8.81 an hour. A third of Wal-Mart?s employees work less than 28 hours per week and don?t qualify for benefits.

There are many reasons for the difference?including globalization and technological changes that have shrunk employment in American manufacturing while enlarging it in sectors involving personal services, such as retail.

But one reason, clo

Read entire article on American Prospects
« Previous Article Next Article »

More From Money Articles

  • RockTenn raising prices on some products
  • $A second favourite among hedge funds
  • NAB, Virgin still keen on RBS UK assets
  • Best of Luxury

    Finding the best in luxury can be a daunting task, which is why we've taken it on for you.
    View All Best of Luxury