Title: Resolutions Be it resolved that:
1ResolutionsBe it resolved that
- The company pays fair wages
to employees and fair prices to suppliers of
goods.
2PRO
3Fair Wages
- National minimum wage is only 5.15 per hour
(www.dol.gov). - The national average wage for full-time Wal-Mart
employees is 10.11/hour (www.walmartfacts.com). - Wal-Mart wages also reflects the cost of living
in particular regions. - Higher wages in urban areas where there are
greater expenses - Wages alone prove that Wal-Mart provides fair
wages
4Wal-Mart Healthcare and Benefits
- Wal-Mart offers a medical plan
- Pays for 2/3 of employees benefits.
- Wal-Mart offers an educational opportunities
program - Reimbursement for completion of GED.
- Wal-Mart offers a family care program.
- Discounted child care and free professional
counseling.
5Jobs Market
- Wal-Marts provide jobs for many
- New and more Wal-Marts more jobs for those
communities
6Jobs for Everyone
- Leading employer of Hispanic Americans, with more
than 139,000 Hispanic associates
- Leading employers of African Americans, with more
than 208,000 African-American associates.
7Also
- More than 220,000 of their associates are 55 or
older. They employ more than 775,000 women.
Also new jobs for suppliers from other parts of
the world.
8OVERSEAS
- Wal-Mart holds a positive reputation among their
suppliers here in the United States and overseas.
A Wal-Mart's study found that Wal-Mart has a
largely positive effect on Americans' lives, and
that its low prices give consumers more buying
power by holding down prices throughout the
economy.
9- Global Insight found that Wal-Mart's presence
holds down prices of consumer goods in the U.S.
by 3.1 percent. The effect is both direct,
Wal-Mart's own low prices, and indirect,
suppliers and rivals reduce their prices to sell
to or compete with Wal-Mart. The report says
that on average Americans that shopped at Wal-
Mart saved 118 billion in 2004, or 402 per
person, thanks to Wal-Mart.
10- The reason we are able to benefit from the low
prices of Wal-Mart is largely because of the
overseas suppliers. It costs less for certain
goods to be manufactured overseas and that allows
for the lower prices here at home. We are able
to benefit from that directly.
11- To date, we have cooperated with about 20,000
suppliers in China. We ranked No.1 Good
Credibility and Accurate and Prompt Payment for
several years in a row by China Chain Store
Franchise Association and the Department of
Enterprise Consultation Service of International
Business Machine China Co. Ltd. (formerly
Pricewater House Coopers Co. Ltd.). We always
treat our suppliers as partners and grow with
them. - Reference almart/index.htm
12Wal-Mart will continue to expand investment and
cooperation in China and contribute to the
economic development through the following
aspectsIncrease procurement and support export
of Chinese products to other countries in the
worldIncrease investment in China, especially
in the west parts of China, to response to the
governmental policy of "Developing the West"
Create more employment opportunities and
generate more taxes to benefit local
economyWork closely with consumer goods
manufacturers, share our information and
resources, and support manufacturing enterprises
to improve production, technology and management
skillsIntroduce our advanced retailing
techniques and experience to promote the Chinese
retail industry standard and development.
13- You can see Wal-Mart is greatly concerned about
their suppliers and the relationship and standing
that they hold. They continually strive to keep
that relationship/partnership positive.
14CON
15Wal-Mart Wages
- A considerable number of employees earn far below
the poverty line. - In 2001, a sales associate earned an average of
8.23 an hour, earning 13,861 yearly. The
poverty line for a family of 3 in 2001 was
14,630. - Cashiers earn approximately 7.92 per hour at 29
hours a week. This brings the annual wages to
11,948. (2003) - Wal-Mart associates dont earn enough to support
a family In 1999, the average budget for a
two-person family was 23,705as compared to an
employees earned average of about 13,861. - Wal-Mart can afford a wage increase for its
employees a dollar an hour increase in pay could
be provided by raising prices a half a penny per
dollarthis would result in about 1,800 more a
year for an employee. - Community Impactlower wages means less money
going into the community and contributing to
other wage and income decline. - According to a 2003 National Labor Committee
report a Honduran worker sews clothing for
Wal-Mart at a rate of 43 cents per hour. After
spending money on daily meals and transportation
to work, the average worker is left with around
80 cents a day to pay for rent, bills, childcare,
school costs, medicines, emergencies, and other
expenses.
Kristen Carty
16Unpaid Overtime
- Wal-Mart forces employees to work off-the-clock
- In their 2005 Annual Report, Wal-Mart faced 44
wage and hour lawsuits - Wal-Mart was recently ordered by courts to pay up
to 120 workers in New Mexico, and 400 workers in
Oregon for violating wage and hour laws. - Wal-Mart violates the Fair Labor Standards Act
One week of time records from 25,000 employees
in July 2000 found 1,371 instances of minors
working too late, during school hours, or for too
many hours in a day. - There were 60,767 missed breaks and 15,705 lost
meal times. Steven Greenhouse, Suits Say
Wal-Mart Forces Workers to Toil Off the Clock,
New York Times, A1, 6/25/02 - In 2002, a federal jury found that Wal-Mart
employees in Oregon were forced to work overtime
without pay. 83 of these workers were entitled
to back pay, and lawsuits just like these are
pending in 28 states. (christianitytoday.com)
Kristen Carty
17Unions
- Across the country, workers have launched a
massive drive to organize a union at Wal-Mart,
demanding better wages and working conditions. - Employees at more than 100 stores in 25 states
are currently trying to unionize the company. - Wal-Mart has responded to the union drive by
trying to stop workers from organizing --
sometimes in violation of federal labor law. - In 10 separate cases, the National Labor
Relations Board has ruled that Wal-Mart
repeatedly broke the law by interrogating
workers, confiscating union literature, and
firing union supporters. (www.motherjones.com)
Kristen Carty
18Health Care Benefits
- Wal-Marts Health Care Plan Fails to Cover Over
600,000 Employees - Wal-Mart reports that its health insurance only
covers 48 of their employees. Wal-Mart has
approximately 1.3 million US employees. - Part-timersanybody below 34 hours a week must
wait 2 years before they can enroll. Moreover,
part-time employees are ineligible for family
health care coverage. Full-time hourly employees
must wait 180 days (approximately 6 months)
before being able to enroll in Wal-Marts health
insurance plan. Managers have no waiting period.
(Wal-Mart 2005 Associate Guide)
Holly . Phillips
19- Despite 10 billion in profits, President and CEO
Lee Scott said, "In some of our states, the
public program may actually be a better value -
with relatively high income limits to qualify,
and low premiums." (Transcript Lee Scott Speech
4/5/05) - In 2003, Wal-Mart spent 1.4 billion on its
health insurance. This amounts to an employer
contribution of around only 0.75 an hour per
employee. This accounts for approximately a
half-percent of Wal-Mart's 259 billion in sales
in 2003. (Wal-Mart 5500 Filings, Wal-Mart Annual
Report).
Holly Phillips
20Non-Health Care benefits
- Wal-Mart sponsors two retirement plans a profit
sharing plan and 401(k) plan neither of which
guarantee workers a fixed monthly pension
benefit. - Wal-Mart has shifted risks to employees by
concentrating investment in its own stock.
Wal-Mart fails to provide a secure retirement
benefit for its employees. - From January 2000 to January 2005, the average
adjusted share price of Wal-Marts stock lost
more than a fifth of its value., - Wal-Mart's retirement plans are Enron-like -- in
2003, 67 of their combined assets were invested
in Wal-Mart stock. - Wal-Mart has stated that it has contributed
around 4 percent of its earnings to its combined
profit sharing and 401(k) accounts. For 2003,
this would come out to a 302 a year contribution
per employee.
Holly Phillips
21JOBS MARKET
- Wal-Mart taking other jobs and business
- Every Wal-Mart opened it creates 150 to 350 new
jobs, but puts out 53 to 253 existing jobs, for a
net gain of 97 new jobs - But, new employees are dealing with decrease in
wage with few benefits - Suppliers of goods are loosing employees
- Suppliers of goods are loosing business (moving
to China) - Reference Abigail, Goldman, Cleeland, Nancy.
(2003). Wal-Mart Effect An Empire Built on
Bargains Remakes the Working World. Los Angeles
Times, A.1.
Gaby Millan
22Jobs/Suppliers of Goods
- Suppliers are not gaining anything from Wal-Mart
being the number one retailer - American consumers are the reason why Wal-Mart
has its power because they are demanding and
Wal-Mart is supplying - Suppliers have no choice but to supply to
Wal-Mart due to being 1 retail store or else
they lose their business as well, Who else are
they going to sell to? - We American consumers are responsible for the
crisis in wages and lost of well managed
businesses that existed before Wal-Mart - Reference Smith, Hedrick. (Producer), Young,
Rick. (Director). (2004). Is Wal-Mart good for
America? Motion picture. Alexandria, Va. PBS
video.
Gaby Millan
23Wal-Mart job opportunities come with
problems..SEX DISCRIMINATION
Reference http//www.cmht.com/pdfs/cwwalmart3.pdf
Gaby Millan
24You still dont believe it
Reference Reference http//www.cmht.com/pdfs/cww
almart3.pdf
Gaby Millan
25Wal-Mart U.S. Store SaturationProblem is only
rising
Reference http//www.windwhip.net/walmart/walmar
t_store_saturation_US.gif
Gaby Millan
26Overseas
- Wal-Mart co-determines the price of a product
from a company. - Rubbermaid, Levi Strauss, General Electric,
Masterlock, and Dial Soap - More than 1 million manufacturing jobs have been
lost since 2000.
Reference Freeman, R. , Tichnor, A. (2003,
November 14). Wal-Mart is Not a Business, ts
an Economic Disease Electronic version.
Executive Intelligence Review.
Amanda Camp
27INQUISITORS