In 2012, Wal-Mart made net profits of over four billion dollars. Their gross profit percentage was nearly 25. Now the largest and most profitable retail chain in the nation says that in protest, it will forego opening three stores in Washington if they are forced to pay fair wages.
A bill has been approved in Washington forcing retailers such as Wal-Mart to pay their employees at least 50 percent more than the minimum wage. They are protesting by halting expansion plans in Washington.
That shouldn’t be a problem. There seem to be enough in our city at the moment. They have built so many, they are nearly in walking distance from each other.
I know many of the employees at my local Wal-Mart. They have terrible working conditions, unqualified management, and they are underpaid. While Wal-Mart makes record profits, the corporation would rather close stores, instead of paying a fair wage.
Albert James reporting