What's interesting is that term "community development": some 70% of Wal-Mart's products are not made in America, but in China, according to just-launched website WalmartWatch.com. And while the company is hugely successful (as the world's largest retailer, they bring in $20,000 per minute with profits last year topping $10 billion), it can't seem to pay a living wage: it's average full-time worker makes $17,114.24 a year, well below the 2005 federal poverty level of $19,350 for a family of four. And because of such stingy pay and benefits, many of its employees are forced to seek out food stamps, Medicaid, and subsidized housing, leaving US taxpayers to pay the "Wal-mart tax"—$1,557,616,500 per year. As NOW reported in 2003:
According to The Institute for Labor and Employment at the University of California/Berkeley, in 2002, Wal-Mart workers in California relied on 50% more taxpayer funded health care per employee than those at other large retail companies. Put another way, taxpayers subsidized $20.5-million-worth-of medical care for Wal-Mart in California alone.No wonder the company's a bit sensitive about how it's "community development" is perceived.
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