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Corporate Rule/
Corporate
Rule
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Blood
Suckers
By Lara Karuna
Wal-Mart, including Sam’s Club and its Super Centers,
has 4,400 stores worldwide (3,600 in the U.S.). It is now
the largest employer in the United States, with 1.3 million
employees. Wal-Mart is also the leading domestic seller in
products as varied as dog food and diamonds. They are becoming
one of the most successful retail industries in history. Below
are a few important facts you should know about this Fortune
# 1 company and its inhumane practices both abroad and at
home.
Wal-Mart comes into a city
or town (generally a low income area), slashes its prices,
selling below cost until all competition is eliminated.
With 4,400 stores to supplement this action Wal-Mart can
affectively eliminate competition with its bottom line left
intact. Sadly, smaller stores cannot pool from such resources.
Therefore, a Wal-Mart in your community almost surely means
the death of any and all local businesses. Local businesses
contribute to their communities, spending approximately
$1 for every $2 earned. They also empower regular people
to take their destiny into their own hands. Becoming your
own boss gives people a sense of pride as well as a chance
for financial growth In contrast, Wal-Mart spends little
of its profits in the communities it takes over. They only
offer low income, dead end jobs, robbing the community of
its tools for success and robbing the American people of
our dreams.
On
average Wal-Mart workers make $11,000 to $15,000 a year (try
raising three kids on that!)
Wal-Mart has no pension plan and practically no health benefits
Wal-Mart rabidly opposes unionization
With all of their flag toting,
Wal-Mart has 1,200 international operations. This penny-pinching,
fortune #1 company sucks out every last nickel from employees
both abroad and at home.
In
the Qin Shi Factory, according to the National Labor Committee,
where Wal-Mart produces its Kathie Lee handbags, its employees
work for slave wages, earning on average $.03 an hour. They
work 14-18 hour shifts, sleep 16 to a room and are docked
their meager wages over every little infraction. See the National
Labor Committee’s article.
According to Thieves in High Places, by Jim Hightower, many
former Wal-Mart employees have reported that it is “common
practice” to work an extra hour or two off the clock.
One former employee said she often put in an extra 15 hours
without pay!
Wal-Mart will not reveal its 1,200 factories, citing that
it’s a “trade secret,” although you can
find their factories listed on their clothing labels in China,
is that because we would be appalled at what we saw in these
factories?
In
step with their avaricious practices, Wal-Mart (and about
100 other companies, Bank of America being one of them) took
out life insurance policies on their employees, unbeknownst
to the employees, claiming themselves as the sole beneficiary
to any death benefits. Not only did these companies profit
from the deaths of these unknowing workers, but they also
used the premium paid each month as a tax write off!
*Because of the controversy, Wal-Mart has stopped the “Dead
Peasant” insurance policies
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