Tired of being a poster child for stingy salaries, Walmart is taking a left-wing critic to task according to the Daily Beast. Good to know Walmart has a bit of brass and backbone.
With about 1.4 million associates, Walmart is the nation’s largest private-sector employer. The wages it pays set the benchmark for the rest of the retail sector. In most states, associates earn an average of $12 or $13. (In Alabama, for example, associates earn an average of $12.53). Annualized, that comes out to about $25,000, which is barely above the poverty level for a family of four (PDF). Walmart critics dispute these numbers. A report by IBISWorld—an independent market-research group—states that the average Walmart’s associate makes $8.81 per hour. That translates to only $15,576 a year for full-time workers.
So it’s not surprising that Walmart has become a target for critics of low wages. In July, for example, the Washington, D.C., City Council passed a measure that seemed aimed at keeping Walmart out—unless it agreed to raise wages sharply.
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