Vermont Senator Bernie Sanders tweeted earlier this week that “Walmart claims it cannot afford to pay its workers $15 an hour” but the company “was able to find enough money to pay its CEO more than $22 million last year”:
While Walmart claims it cannot afford to pay its workers $15 an hour, it was able to find enough money to pay its CEO more than $22 million last year.
Tomorrow @RepRoKhanna and I will be introducing The Stop WALMART Act to put an end to their outrageous greed.
— Bernie Sanders (@SenSanders) November 14, 2018
So, maybe Walmart should just give the CEO’s $22 million salary to all of the workers? Would that satisfy Bernie? Because, if Walmart did that, simple math tells us that each employee would get about a $16 bonus for the entire year:
Walmart employs 1.4 million people.
If you took the entire $22 million and divided it equally between the employees it would equal a bonus $15.71 for the year.
I get trying to help the poor and start livable wage talks, but this wasn't it. https://t.co/1AQPvKiTnY
— Benjamin Allbright (@AllbrightNFL) November 16, 2018
Or, on a hourly basis, about “half a penny”:
This is a tweet that preys on people's misunderstanding of the scale of large corporations. Walmart's CEO could donate his entire salary to the workers, and their hourly salary would go up half a penny. https://t.co/shhmHTdKN5
— Alex Griswold (@HashtagGriswold) November 15, 2018
Plus it’s not like the CEO isn’t earning his salary based on the value of the company:
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Walmart has 2,300,000 employees.
Under the current CEO, starting wages have increased by 22% and the company has instituted flexible pay dates, bonus plans, and a 6/10 week paid parental leave policy.
Under the current CEO, the company has increased it's value by $75 billion. https://t.co/iF5167j1L8
— Andy Swan (@AndySwan) November 15, 2018
Well, nobody ever accused socialists of being good at math in the first place.
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