Walmart spent $35.3B on stock buybacks from 2019 to 2024, enough to give each of its 2.2M employees annual bonuses of $2,719.
Last year, Walmart CEO Doug McMillon pocketed $27.4M — 930x the company's median employee pay of just $29,469.
Textbook corporate greed.
Walmart was the only place that would hire someone old like me, what are old people like me supposed to do when you can only find a job at Walmart? Are you going to hire us? The job market for seniors is a disastrous uphill battle so if Walmart is the only place for us seniors so be it.
Older workers are beloved by these oligopolistic corporations.
Their low wages are supplemented by Social Security (which is the taxed!), and their Healthcare is taken care of by Medicare.
Plus, since they're shut out of other, better jobs, they are more compliant employees.
