Walmart dropped $18 million on ads to boast about how much its doing to buy American products and train its workforce, according to a report from The New York Times.
The ads are meant to help repair Walmart's reputation, particularly around how it treats its massive workforce. The company has been on the receiving end of plenty of criticism over its low pay while raking in billions in profit.
Walmart looks to tug at the heart strings with the ads that highlight employees who go through its training programs.
The Timespoints out that Walmart has spent $2.7 billion on training programs and wages increases in the past couple years. Its stores have, in some areas, become one of the few places where people can still find work.
Walmart does not want those efforts to go unnoticed, hence the $18 million for ads about its programs.
For a company like Walmart, $18 million is just small change, but it can go a ways in other areas.
A reminder of how massive Walmart is—the company has around 2.1 million "associates," which are the people who work in their stores and generally receive low wages.
So for Walmart, which had an operating income (aka profit) of $22.8 billion in its 2017 fiscal year, $18 million really is a drop in the bucket.
Walmart's low wages have a serious impact on the communities in which their stores operate. The company's employees who don't make enough money to meet their needs end up using public assistance programs that cost an estimated $6.2 billion.
That comes out to between $900,000 and $1.75 million per year, according to a study by Americans for Tax Fairness, which is a collective of progressive groups.
If we conservatively go with $1 million per area, that means Walmart could go ahead and pay back 18 communities that are forced to counteract the company's low wages.
Walmart does offer healthcare to its employees, but plans have extremely high deductibles, which is the amount of money people have to pay before insurance begins to pay for the costs.
Walmart's plan for individuals has a deductible of around $2,750, though others have claimed that number is even higher. That means Walmart's ad money could have helped out around 6,545 employees with their deductibles.
Copyright © 2023 Powered by
A few ways Walmart could spend $18 million instead of corporate propaganda-寸地尺天网
sitemap
文章
7141
浏览
53926
获赞
45
Tiger Woods won the Masters, and everybody loves a comeback
Dramatic comebacks are usually the stuff of sports movies, complete with sweeping music and tearfulThe Bose QuietComfort Ultra headphones are back at their record
Save $100: As of Oct. 14, the Bose QuietComfort Ultra headphones are back on sale for their Prime DaBest headphones deal: Get the Sony WH
SAVE $101.99: As of Nov. 9, the Sony WH-1000XM5 noise-cancelling headphones are on sale for $298, doBest Amazon deals of the day: Google Pixel Buds Pro 2, Fitbit Versa 4, Sony WH
Check out the best Amazon deals of the day as of Nov. 8: OUR TOP PICKNew Zealand's biggest online classifieds site bans sale of semi
In the aftermath of the Christchurch terrorist attack, New Zealand is looking to step up on gun contGet a free Echo Pop and smart plug with artificial Christmas tree purchase at Amazon
SAVE $42.98:Through Dec. 16, buy a pre-lit artificial Christmas tree at Amazon and get a free Echo PBest Black Friday gaming laptop deal: HP Victus is $430 off at Best Buy
SAVE $430: As of Nov. 11, the HP Victus 15.6-inch gaming laptop is available for $449.99 at Best BuyBest Black Friday laptop deal: Save $300 on HP Envy 2
SAVE $300: As of Nov. 11, the HP Envy x360 14-inch 2-in-1 laptop is down to $449.99 at Best Buy as pTwoSeven review: Group streaming for all of your favorite services
The search for the perfect group streaming service for the age of social distancing isn't over, butBest Amazon deals of the day: JBL Tune Flex earbuds,
Check out the best Amazon deals of the day as of Oct. 19: Our top pickBest karaoke machine deal: Save $12 on the YLL mini karaoke machine
SAVE $12: As of Oct.25, the YLL Mini Karaoke Machine is on sale for $24.99 at Amazon. That's a 32% sBest drone deal: The Holy Stone HS157D quadcopter drone is just $135.99 at Amazon
SAVE 50%:The Holy Stone HS175D quadcopter drone is on sale at Amazon for just $135.99, down from theGoogle says China and Iran tried to hack Biden and Trump's campaigns
Google has announced it has identified state-sponsored hacking attempts upon both Biden and Trump'sBest Beats Fit Pro deal: Save $50 on October Prime Day
October Prime Day: Here's the latest news on the dealsMore onPrime Day:Here are all the best deals tApple's new iPhone update is locking law enforcement out of phones
Apple made your iPhone more secure and apparently no one really noticed until law enforcement got lo