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Walmart, Red Lobster shrimp tied to slave, child labor, AP investigation finds
When a Wal-Mart executive boasted at a Goldman Sachs investor conference in September that 475,000 of the company's U.S. store associates make more than $25,000 -- meaning that a large portion of its 1.4 million workers in the U.S. make less -- a long-simmering debate about the company’s wages boiled over. A large protest outside a California Wal-Mart store led to 50 arrests.
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Fueling the anger, Payscale, a salary information site, estimates that Wal-Mart CEO Mike Duke's 2012 pay of $23.2 million was 1,034 times more than the company's average worker. Read more: Liberty Fires
Report: Walmart Workers Cost Taxpayers $6.2 Billion In Public Assistance
Walmart's low-wage workers cost U.S. taxpayers an estimated $6.2 billion in public assistance including food stamps, Medicaid and subsidized housing, according to a report published to coincide with Tax Day, April 15.
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According to Fortune and several leading economist "...Wal-Mart’s workers should get a 50% raise." See the math HERE
BLOOMBERG: Wal-Mart Has $76 Billion in Undisclosed Overseas Tax Havens
Wal-Mart Stores Inc. owns more than $76 billion of assets through a web of units in offshore tax havens around the world, though you wouldn’t know it from reading the giant retailer’s annual report.