WHAT WOULD SAM WALTON SAY…?

The Motely Fool asks the question: Would Sam Walton endorse Walmart's recent bumps in workers' wages? The answer is a qualified, that depends.
Walton himself wrote in his 1992 autobiography, Sam Walton, Made in America, "See, no matter how you slice it in the retail business, payroll is one of the most crucial things you have to fight to maintain your profit margin. That was true then, and it is still true today." What's more, according to Professor Nelson Lichtenstein, author of The Retail Revolution: How Wal-Mart Created a Brave New World of Business, "Sam Walton always said [...] 'I pay low wages, I can take advantage of that. We're going to be successful, but the basis is a very low-wage, low-benefit model of employment.'" In short, Sam Walton firmly believed one of the most crucial aspects of maintaining Walmart's low prices was to keep wages---at least for entry-level employees---as low as possible.
What may be true, however, is that in 2015, low as possible just got a bit higher. Jeff Hess: Have Coffee Will Write.

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