aimed_4_the_head t1_ixzcs05 wrote
>On top of that Walmart employees are often given benefits they would not get at a small business.
The only "good" thing a Walmart does is attract other employers to rural areas that otherwise wouldn't have anything. Boston isn't exactly hurting for name recognition.
drtywater OP t1_ixzdcmh wrote
Walmart should pay more but they do offer 401k how many of these small businesses offer those to employees
TotallyNotACatReally t1_ixzgni7 wrote
I mean, it's been a while since I was on food stamps, but I can absolutely say that when I was, I definitely couldn't afford to have any of my income earmarked for retirement. Might as well offer free fuel for private planes as a benefit.
aimed_4_the_head t1_ixzhzrb wrote
Oh hooray, a severely underfunded 401k in exchange for my food security, how can I resist that offer?
drtywater OP t1_ixzidrx wrote
What small business was paying more though? I always think this argument was dishonest as the pay was typically more then what a small business would be paying
HoneydewOk1731 t1_ixzvcfa wrote
Yep just a bunch of smarmy elite liberals with their WFH jobs who have never actually worked retail. It’s just cool to hate on corporations
SkiingAway t1_iy3pk9y wrote
Uh, a lot of them. If your employer is large enough to offer benefits in general, it's probably going to have some kind of retirement account option.
Anyway, a 401k isn't money. It's just an account you can put money into with tax benefits for retirement. A worker at Walmart is unlikely to be able to save more than the IRA contribution limits, which is an account they could open on their own.
Google suggests Walmart will match up to 6%, which is decent but nothing exceptional. Regardless, that's basically the entirety of what their benefit amounts to.
If you make $15/hr, and save 6% to max out the match, with Walmart's match it's like you make....$15.90. Not exactly earthshaking.
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