by finance » Sun Aug 19, 2007 9:44 pm
Walmart has significantly improved their health insurance program in the past 2 years since the issue was raised. Currently they are up to the industry avg of benefits and pay for each set position...so that argument is now invalid. At least thats what I read in the NYT earlier this year...Im not saying its still right or OK for what they pay or do for their current pay, its just that its gradually improving...
One main reason that Walmart is in the middle of pay and benefits now is that other retail companies have lowered their pay and benefits on an adjusted basis, thus its not that Walmart raised benefits enough to catch up to the industry, its that they both drifted towards each other.
The example of the $999 or $1399 HDTV is that without Walmart the HDTV might cost $1599 and brought more competition in the marketplace (one reason inflation is staying marginally lower, saw an article in the WSJ about a year ago on it).