This CEO Makes More In 1 HOUR Than His Employees Do All Year… Wait What?!?

Imagine a company that is known for unbearably long checkout lines and poor customer service. They pay their workers wages so low, that many of them are forced to rely on Medicaid and food stamps to survive.

Then picture this company with a CEO who makes more in an hour than many of their employees do all year.

Would you shop here? Of course not… But 245 million of you do each week. Welcome to Wal-Mart.

As an entrepreneur who stands to value people over profit, this makes me sick. Sure, if you're a business owner or CEO you deserve to make more than your employees. You hustled. You worked harder than most.

But CEO's of many publicly traded companies are taking home 421 times their average employee!

This is not capitalism. This is greed. How can a leader claim to care for their employee's well-being while partaking in this type of ratio?

While the video below doesn't discuss this exact situation, it does offer a solution to increasing their worker's average wage, and it's shockingly simple.

What do you think about this? Do you think a 421-1 salary ratio is okay? Do you still support these companies? Let me know in the comments below.

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33 Responses

  1. As much as I am against federal or state minimum wage laws, I did enjoy this videos and do agree with you Dale that this is not capitalism, it’s greed at this level.

  2. Free country no? Don’t shop or work there if you don’t like it. CEO’s net is half of his actual salary so he’s more than doing his part to fund the government. I’m just not the jealous type or feel it’s my right to tell anyone how they should run their business.

  3. I have avoided Wal-Mart like the plague throughout my life. Their company practices disgust me. Although I will admit to having purchased an infant car seat there once, that is my only purchase at any Wal-Mart store in my life, and it was solely because Wal-Mart was the only store that carried this highly safety rated car seat for our daughter. I understand that Wal-Mart may be the only shopping option for many in rural areas of the U.S., but I wish more people in more heavily populated areas like where I live in San Jose, would just say “no” to Wal-Mart.

  4. Dale – you can’t have it both ways. You wrote an article a few weeks ago called “7
    reasons why you shouldn’t go to college” and then complain about
    uneducated and untrained people with no skill set not making enough
    money. I agree with Lmccormick. We are a free country. It is not the
    government’s job to make sure we are getting paid enough if we decide
    not to better ourselves and make the right choices in life. I don’t
    know why you’re only attacking Walmart? Is it because they have done so
    well? Many small companies and stores offer the same pay. So, if you
    don’t like getting paid minimum wage, do something about it. It’s not
    the responsibility of corporate America to make sure Americans make
    enough money. Last time I checked we were not a communist nation – at least not yet.

    1. Lucille, nobody said it was the Government’s job. What I am saying is it’s the people’s job. It’s our job to fix the free market so the government does not have to. If people are not able to work a 40 hour week and eat, drink clean water, and provide shelter for their family we have a problem. Especially when the CEO of such a company is taking such a outlandish salary. Like I said, this is NOT capitalism. This is greed.

      PS: I am not a liberal or a socialist or a communist. I am a libertarian who desires an honorable marketplace where people are valued more than profit. But I am pro-capitalism. I am pro wealthy.

      For example, if I was making $25K per month but my assistant was working full-time (for me) and making $800 per month and struggling to provide for her family, I could not stand by without giving her a “fair wage” for where we live. Furthermore, I could never take an extra $250,000 per month without giving her a raise. That’s what is happening here. To be clear, this video was not asking for their employees to be paid equally by the government, it was asking for the price to be passed to consumers (capitalism) to help fix the problem of a greed driven company.

      1. We all want and like the idea of being equal and respected. Becoming equal and respected doesn’t come from law(s). It comes from the individuals interactions, the way one carries himself(presentation appearance), proving oneself in x activity.

        I blame the breakdown of family, lack of leadership within families(mom, dad, aunts, uncles, brothers, sisters etc) on showing the younger how to grow in society. Older family members should be able to discuss how to ask for higher wages/promotions. And they should be helping to set the table for wanting to grow in life. And not constantly being so negative about every hardship that life throws at you. An individuals strength increases overcoming those hardships.

        Victory(achievement) has a prepayment penalty, you gotta put the work in!

      2. I would also find it questionable if you paid your assistant $5 an hour. Why would she even accept the job? I am wondering since you support capitalism and wealth, at what point do you say you’ve earned too much? Can you actually do that? I don’t think you can support these ideas part way.

        What nobody ever admits or looks at is that these big corps pay big $$ to the government already, so do the CEO’s etc. The top 10% of wage earners pay 71% of our taxes. What would we do without the big, bad earners?

        I don’t shop at Walmart. I am not supporting Walmart because I love it. I just feel it’s unfair that you (and others) feel that Corporate America (not the government so you say) is responsible for the welfare of the lower/middle class. These people are responsible for themselves. The greatest generation was able to get by with hard work and grit to pull themselves through hard times and into the middle class at least.

      3. It’s our job to fix the government so an “actual” free market can work. The more we expect them to provide the worse it becomes. The cost and waste and lack of accountability is mind boggling.

        Nobody making 25k per month has an assistant they pay $800 a month to.

        We need less government, not more. It’s nothing but a giant self licking ice cream cone.

      4. Sadly, most of the employees at Walmart who get paid so little are also slaves to it’s low prices. It’s a cycle.

    2. Lucille, I agree with you here. It’s too bad that food stamps are the reality for some, but I believe in small government. If Walmart decided to increase their wages out of the goodness of their hearts, then more power to them. But it should only be their decision. I recently visited Australia where their minimum wage is somewhere around $16.00 an hour. The prices of goods there is astronomical. Sure, it may increase a box of Mac & Cheese by one cent, but I feel this video fails to capture the big picture when it comes to mandating a substantial increase in wages.

      Walmart is successful because of the capitalistic economy that it was born into, and is now ridiculed for it in the press. They were once a small town grocery store, and have grown into what they are today. I don’t like to shop there for a lot of different reasons, so I am by no means a Walmart supporter. If someone doesn’t want to support them, then don’t give them your money. That’s how American consumers dictate the market. Company’s go out of business every day because people are not spending their money there. The government shouldn’t have their hands in the cookie jar. American’s already have the power to do something about it.

      1. Yet the average Australian is not obscenely dependent on welfare, and people who live on the minimum wage are capable of fully providing themselves with food. In PPP, the minimum wage in Australia is only a few dollars higher than the US one, but that is a big difference over a year. Plus, there are compulsory superannuation contributions that make retirement very affordable.

        1. Mister M, I do not claim to know the ins-and-outs of the Australian economy. I was speaking to the cycle of inflation. The mention of their minimum wage was not, by any means, a condemnation, just a means of comparison.

  5. I see your point clearly! Even tho i’m for education and understand that if you WANT then you CAN make more, but in this case, i don’t think it’s in their agenda to educate or train their employees to succeed. I’m with you on that one! #peopleoverprofit

    1. Why would it be Walmart’s responsibility to train their employees to succeed? They are trained to do their job just like the rest of the country goes through job training. If they want to succeed in life and leave Walmart behind they would need to do that on their own.

      1. Why would Dale start Sevenly to help those charities? It is their own responsibility to raise money, right?

        Same principle…

  6. The average person with an education isn’t seeking a cashier position at Wal-mart. I’m all for raising the minimum wage for positions such as these. There will always be those jobs that need to be filled at the grocery store, fast food, department stores, etc. Once someone completes their education they most likely are moving on. Even if the person in these position is a spouse of a teacher, policeman, etc., they deserve the higher income. It’s better for the economy. Maybe if we pay people a higher wage we can place some expectations of common sense on the employees and customer service will return to our stores. We all seem to expect awful service with the understanding the employees are often underpaid and poor quality. Now our expectations will rise.

  7. First, minimum wage in Ohio is $7.75 – so according to the analysts cited, Walmart is already paying their employees more than required.

    Second, have you considered that the “single moms” referred to WANT to get off of public assistance? If that single mother earns too much for food stamps, she will also likely be losing other government assistance such as child care subsidies, energy bill relief, financial aid to complete an education, etc.

    While there is abuse of the public assistance programs, in many cases it is used by these single moms to better their situation and the lives of their children. When done properly, it will be a self funding system.

    I was a single mom who used these programs as a stepping stone, knowing that I would work diligently to get through school and get a job so that I could support my child AND pay back into the system that provided support when I needed it. Guess what – It worked! Through some serious work and perserverance, I now earn a very good living to the point that tax breaks no longer exist for me.

    Additionally, let’s consider that there is a huge risk in becoming an executive for a corporation like Walmart. If the company falters, your job is on the line and your resume left in shambles. They’ve also spent more of their lives working than the average person. Missing little league games and dance recitals is a reality for these folks more so than most. I don’t feel bad that they’ve made that decision, as it was certainly a conscious choice, but I also won’t chastise them for earning the big bucks either.

    It certainly isn’t walmart’s responsibility to continue to raise the wages of the unskilled labor to double the minimum wage.

    This is another sad misrepresentation of facts and stats, Dale.

    1. Mama, very good post. However, there are some points that I would have to disagree on, and that’s ok. 🙂 Walmart is the one workplace which promotes “live better” in their motto. If a large corporation is paying for that advertising to give their company a “good name”, shouldn’t they back that up? Jobs at Walmart and place like it are stepping stones, yes. It was for myself as well. I went to school while working and obtained a degree in the criminal justice field. However, it is the ‘treatment’ of employees that concerns me, not necessarily what they are making. And, let’s be honest…the ebt system and welfare programs are more of a crutch that is taken advantage of by so many individuals, that the ones that really need it are having to do without. All I’m saying is, if you are going to promote “live better”, then back it up!

    2. Always someone in the comments section to excuse corporate behavior, no matter how egregious and morally depraved.
      Only in America!

      1. Francois, I have no intention of excusing poor behavior by anyone. I only intend to show the other side of the coin, and feel as though this article in particular skews information in favor of their agenda.

        With such bold statements, I’m not sure about your capacity to have an objective viewpoint… But just out of curiosity, how is it considered morally depraved to pay your employees more than minimum wage?

  8. I worked with Walmart for 5 years, was a customer service manager, and saw first hand how they treated employees…not just fulltime employees, but temps as well. The majority of employees came through the checkouts with ebt cards on break, temps worked their days and were never notified of when there time ended..they would just go to punch in for work and the time clock told them that they no longer worked for Walmart. It is insane.
    Although I live 2 minutes from the Walmart I was previously employed at, I would never, ever work at this particular location, and perhaps never at any Walmart again. I only wish that we had a Costco nearby!!!

  9. Some times corporations pay for people to go on Facebook and detour people from the reasonable conversation happening at the moment. I wouldn’t pay to much attention to Lucille. She is one of the 10% that protect corporations because they are comfy cozy wallowing in their crap. The rest of us are in the real world. We completely understand your point ,admire it, and become informed of all the corporate loop holes sucking the life out of the people of this fine country.

  10. If the company grows so should the employee, if the company benefits so should the employee! Without the employee company’s are nothing, so isn’t fair to ask for some financial equality? What would you do if you’re company suddenly goes from making 100.000 to 200.000 a month, wouldn’t you do or give something to show you’re employee’s appreciation, to thank them for there hard work. A raise or some other benefits can help. I don’t want my boss’s money but i do want to be able to provide for my family without having to struggle. Good employee’s are hard to find but so are good bosses!

  11. I completely understand the hustle of a CEO, but if you have the resources to give more income to your employees than do so, because believe it or not these people that are your employees they literally make your company’s world go round. Treat them like they are human beings and your world won’t stop spinning.

  12. No I don’t think it’s right. I also know of a company that made more than 9 million last year and can’t hire more than one person to close the store at night and can’t give a people over 40 hours. These people struggle and work their butts off. For what? Certainly not enough to live on.

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