Walmart's record profits
Walmart has had recorded profits year over year
5 Years of Employee Wages
In the past 5 years the average pay for cashiers for walmart has increased from 9.06 per hour to 13.05 per hour citing Indeed. Inflation in the past 5 years has been 19.2% meaning that 9.06 in 2017 is 10.80 today. Which means that the pay has only increased 2.25 in the past 5 years despite skyrocketing rent, cost of living, and soaring profits
Benefits
Walmart does offer retirement benefits through a 401k program. This means that the profits Walmart makes year over year does not impact the employees that make those profits in a meaningful way.
Attrition
Turnover at Wal-Mart is 44% a year, close to the industry average. In skilled and semi-skilled jobs, the fully loaded cost of replacing a worker who leaves (excluding lost productivity) is typically 1.5 to 2.5 times the worker’s annual salary. It benefits a company to have a low retention rate because unionization effots can be crushed to do people quitting.
Hours
Almost half (46 percent) of nonunion workers say they have little or no input into the number of hours they work each week, compared with less than a quarter (22 percent) of union workers.