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7 Replies (log in or sign up to post a comment)

• Walmart employees are eligible for the $1,000 bonus only if they’ve worked at the company for 20 years. Most Walmart employees, of course, haven’t worked there that long. 1-18-2018 2:50am +1 like
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  • Those employees will receive a smaller bonus based on seniority. Walmart didn’t explain exactly how the sliding scale will work, but said the total value of the bonuses will...(more) 1-18-2018 2:51am
    be $400 million. Walmart has about 2.1 million employees, which works out to be an average bonus of about $190.

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• The one-time bonus Walmart announced this morning amounts to just over 2 percent of the total value of the tax cut to the company. 1-18-2018 2:51am +1 like
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  • With a new corporate tax rate of 21 percent, the corporate tax cut is worth at least $1.85 billion to Walmart every year. Since this cut is permanent, the true benefits to...(more) 1-18-2018 2:52am
    Walmart will grow much larger over time. But it’s safe to say that, over 10 years, this corporate tax cut will be worth over $18 billion to Walmart.

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• Walmart also announced it will increase its minimum wage from $10 to $11. While Walmart claimed this announcement was linked to the tax cut, the wage hike was likely necessary 1-18-2018 2:53am
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  • for the company to remain competitive — and, in some states, legally compliant. 1-18-2018 2:54am +1 like
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• 99.9 percent of the tax cut is not being passed onto workers in the form of bonuses 1-18-2018 2:55am
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