Theforgottendwarf t1_j9m747o wrote
Reply to comment by goodluckonyourexams in [OC] How Walmart makes money (they just released earnings for the fiscal year ending January 31) by IncomeStatementGuy
For every $1.00 you spend at Walmart you pay $0.075 generally in sales tax. Mom and pops, small businesses historically hide some transactions as cash. As well Walmart hires a great mix of skilled/unskilled labor which helps boost the local economies. This is why local/state governments “sponsor” walmart, giving them great subsidies and have no issues with employees on welfare. Because they know many of those employees wouldn’t make it elsewhere.
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