Why I Despise Walmart
If you have a $20 billion dollar fortune, or a $2 billion dollar fortune, is
the lifestyle that much different between the two?
Case in point: The Walton family members are among the 20 richest
people in the world, with a net worth of about $83 billion dollars, or about
$20.75 billion dollars per member.
The S.C. Johnson family members rank down around the 450 richest
people in the World, with a net worth of about $10 billion dollars, or
about $2 billion dollars per member.
Do you suppose the Walton’s live any better than the Johnson’s?
I ask that question because I just cannot understand Walmart’s failure
to share a little of their wealth with the Walmart employees. One only
has to visit a Walmart and see the faces of the overworked and underpaid
employees to know the employees are unhappy. Low wages, limited
benefits, and sad working conditions all contribute to the dissatisfaction
of the Walmart work force.
At S.C. Johnson Wax, however, there are plenty of smiles. Johnson’s is
one of the largest family owned firms in America, and is rated as one of
the best companies to work for. In addition to good wages and benefits,
Johnson’s maintains a private park equipped with a multi-million dollar
gym for it’s employee’s use, and maintains a resort in northern Wisconsin
where, for a very nominal fee, the employees can spend a week or two
relaxing and fishing. Twice a year, Johnson’s hands out very generous
profit-sharing checks to employees. As you can imagine, employee
turnover is minimal; job vacancies occur mostly because of employee
So I ask myself; why wouldn’t the Walton’s want to be more like the
Johnson’s? Why not settle for, say, $10 billion each and turn the
other $10 billion back to the employees so that they can have a few
benefits and earn a wage that they can live on?
I was thrilled recently to read that Publix Supermarkets – which
is relatively new to the Atlanta area – recently became the number
one grocery chain in Atlanta, beating out Kroger and Walmart.
Publix, like S.C. Johnson Wax, is family oriented and shares their
wealth with their employees. A recent article in the Lakeland
Ledger (Florida) told of how there are over 400 employees at
Publix who have accumulated over $1 million dollars in stock.
These employees – cashiers, warehouse workers, bakers,
food preparers, and truck drivers – accumulated this wealth
through stock awarded as profit sharing.
Walmart is not a ‘good neighbor.’ In my opinion, they’re not even
good Americans. Their callous disregard for the needs of their employees
clearly demonstrates that Walmart is like a huge leech, sucking the
lifeblood from their overworked, underpaid work force.
Ah, like I said, I dispise Walmart.