Walmart: deadly fire, low pay shows irresponsibility

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Wednesday, November 28, 2012

Washington Post: Walmart shirks responsibilty in its treatment of its workers, and how it handled the deadly fire in Bangladesh, according to opinion writer Harold Meyerson:

Other discount retailers — notably Costco and Trader Joe’s — pay their workers far more, train them more extensively, have much lower rates of turnover and much higher rates of sales per employee, according to a Harvard Business Review article by Zeynep Ton of the MIT Sloan School of Management. Costco is a very profitable business, but Wal-Mart maintains an even higher profit margin, which it achieves by underpaying its employees.

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