The American Prospect reviewed a couple of books about Wal-Mart, and included this charming anecdote about Wal-Mart founder Sam Walton
Around the time that the young Sam Walton opened his first stores, John Kennedy redeemed a presidential campaign promise by persuading Congress to extend the minimum wage to retail workers, who had until then not been covered by the law. Congress granted an exclusion, however, to small businesses with annual sales beneath $1 million -- a figure that in 1965 it lowered to $250,000.
Walton was furious. The mechanization of agriculture had finally reached the backwaters of the Ozark Plateau, where he was opening one store after another. The men and women who had formerly worked on small farms suddenly found themselves redundant, and he could scoop them up for a song, as little as 50 cents an hour. Now the goddamn federal government was telling him he had to pay his workers the $1.15 hourly minimum. Walton's response was to divide up his stores into individual companies whose revenues did not exceed the $250,000 threshold. Eventually, though, a federal court ruled that this was simply a scheme to avoid paying the minimum wage, and he was ordered to pay his workers the accumulated sums he owed them, plus a double-time penalty thrown in for good measure.
Wal-Mart cut the checks, but Walton also summoned the employees at a major cluster of his stores to a meeting. "I'll fire anyone who cashes the check," he told them.
The "values" of Wal-Mart, the largest private-sector employer in the U.S., are shaping our national economy -- and that's a very bad thing.
According to her mom, blogger Christy Keane, baby Charly was born “profoundly deaf.” In this truly heartwarming video, you’ll see this precious child responding to her mom’s voice for the first time ever through the miracle of hearing aids. Charly gets quite emotional and seems unsure whether to smile or cry. Who can blame her? […]
Who inspired you? The role that teachers play in influencing the lives of their students is something that’s been lost in current debates about education mandates and standardized testing. Teaching isn’t just about making sure kids can pass exams. It’s also about helping future adults find their gifts, discover their interests, and learn who they […]
This is a seriously incredible story. If you did not already kind of love Carl Sagan, and think of him as a sort of benevolent hippie grandpa, you totally will now. And the message here is seriously spot-on: The best way to honor the people who helped you realize your dreams is to help somebody […]
In case you hadn’t noticed from the sleigh bell-heavy music and the hues on your Starbucks cup, the holiday season hasn’t shown any more patience this year. But that doesn’t need to be a bad thing, especially if you’re hoping to get a jump on your shopping. Retailers aren’t waiting til Black Friday to dish […]
What do you get for the techie who has everything? How about giving them a Raspberry Pi and letting them make pretty much anything. Or better yet, do it for yourself with the Ultimate Raspberry Pi eBook Bundle. This trove of ideas and education unlocks the unlimited potential of this mini-computer, whose affordability and versatility […]
Note-taking just caught up to the digital age. For most of us, writing freehand is quicker and more convenient than pecking away on a tablet, but what to do when you need those scribbles on file? Grab a Rocketbook Everlast Reusable Notebook, which seamlessly fuses analog and digital notes. Just jot down your thoughts, journals […]