Turns out, no matter how you measure it, this claim from Senator Bernie Sanders was solid.
The Post’s fact-checkers crunched the numbers and came up with $24,960 dollars a year for Walmart workers,
while the Waltons are raking in $25,149 dollars a minute just from dividends paid on the family’s stock holdings.
Keep in mind, though, that the Post’s figure for Walmart workers is based on a 40-hour week, while Walmart considers 34 hours full-time, which pegs annual pay closer to $16,000 a year.
Meanwhile, those stock dividends keep rolling in, every minute of every day for the Waltons.
In today’s labor history, on this date in 1936, the sit-down strike at General Motors spread to Flint, Michigan; it would last 44 days before ending in victory for the United Auto Workers.
Today’s labor quote is by historian Nelson Lichtenstein, who said:
“History sometimes turns on a narrow pivot. The deep structures of economic power and social consciousness
usually constrain the opportunities and shape the choices men and women have to make.
But there are also times when circumstances conspire to greatly diminish our usual sense of social inertia and institutional stasis, when tradition’s chains begin to crack and old fears diminish, thereby making the world once again seem plastic and open, not just to an ambitious few of will and vision but to a multitude of ordinary people
who burst forward onto the stage of history.”
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