Walmart: America’s real ‘Welfare Queen’, Paddy Ryan, Daily Kos, October 2012
” As many as 80 percent of workers in [U.S.] Wal-Mart stores use food stamps.”
Inequality, exhibit A: Walmart and the wealth of American families, Josh Bivens, The Economic Policy Institute, July 2012
“Concretely, between 2007 and 2010, while median family wealth fell by 38.8 percent, the wealth of the Walton family members rose from $73.3 billion to $89.5 billion…In 2007, it was reported that the Walton family wealth was as large as the bottom 35 million families in the wealth distribution combined, or 30.5 percent of all American families.
“And in 2010, as the Walton’s wealth has risen and most other Americans’ wealth declined, it is now the case that the Walton family wealth is as large as the bottom 48.8 million families in the wealth distribution (constituting 41.5 percent of all American families) combined…”
Categories: Income Inequality