Sucks to Be You, Wal-Mart...
What if there was a Wal-Mart and nobody came? That’s basically what’s happening right now. Wal-Mart stores are in disarray because the nation’s largest retailer can’t find employees to stock its cavernous new dens of commerce:
It’s not as though the merchandise isn’t there. It’s piling up in aisles and in the back of stores because Wal-Mart doesn’t have enough bodies to restock the shelves, according to interviews with store workers. In the past five years, the world’s largest retailer added 455 U.S. Wal-Mart stores, a 13 percent increase, according to filings and the company’s website. In the same period, its total U.S. workforce, which includes Sam’s Club employees, dropped by about 20,000, or 1.4 percent. Wal-Mart employs about 1.4 million U.S. workers. [Bloomberg]
I wonder why nobody wants to work at Wal-Mart? Hmmm.
Costco don’t seem to have any trouble attracting qualified employees and turning huge profits while raising its minimum wage:
“At Costco, we know that paying employees good wages makes good sense for business,” Jelinik said in a statement last week. “Instead of minimizing wages, we know it’s a lot more profitable in the long term to minimize employee turnover and maximize employee productivity, commitment and loyalty. We support efforts to increase the federal minimum wage.” [HuffPo]
[Photo credit: racineur, Creative Commons.]