Comment by bilekas
10 hours ago
You say it like it's one or the other.
> Walmart annual gross profit for 2025 was $169.232B, a 7.12% increase from 2024. Walmart annual gross profit for 2024 was $157.983B, a 7.06% increase from 2023. Walmart annual gross profit for 2023 was $147.568B, a 2.65% increase from 2022.
You're telling me poor walmart just HAVE to increase prices because they have to pay a living wage ? All thanks to those darn Unions ?
This false dichotomy.
https://www.macrotrends.net/stocks/charts/WMT/walmart/gross-...
Far be it from me to defend Walmart, but… The relevant number here is not gross profit, but net income, which was more like $20B. And that’s on a gargantuan $680B of revenue, so the profit margin available for increasing wages is less than 3%.
It’s more that American consumers are addicted to cheap imported goods Walmart sells than whatever wage Walmart pays in stores.
Consumer goods have been low inflation (ex cars/food/housing) for decades because of overseas labor arbitrage and automation.