In a slideshow presentation to analysts at a conference, President & CEO of Walmart U.S. Bill Simon included the fact that over 475,000 of its associates, what it calls its workers, made more than $25,000 last year. Given that the company employs about a million hourly workers in its stores, according to a company spokesperson, that means about 525,000 make less than that.
On promotions, it says it grants about 160,000 a year, which means about 16 percent of its workforce gets a boost. The spokesperson told ThinkProgress that of those, 40 percent of the promotions go to workers in their first year of employment with the company. About 75,000 people are promoted to full-time each year. Although Simon said in the presentation that the company is “still in majority full-time workforce” and boasted more than 15,000 job openings every day, a recent survey found that over half of its locations wereonly hiring temporary workers, not full-time positions.
The company’s low wages and few benefits come at a price for taxpayers. Workers at a single location can consume about $1 million in public benefitsbecause they need help to make ends meet.