Tag Archive for Walmart

How the “Wal-Mart Syndrome” Pushes Millions More Onto Food Stamps – Money Morning

Call it the “Wal-Mart Syndrome”.

Entire industries — such as low-end retailers like Wal-Mart Stores Inc. (NYSE: WMT) and fast food chains like McDonald’s Inc. (NYSE: MCD) – pump up their profits by paying employees extremely low wages.

But thousands of Americans who need to support a household on such low wages – either the federally mandated minimum wage of $7.25 or just a bit above it – can only do so with public assistance.