Agenda Fri 3/9 & Mon 3/12 Review HW (pg 198 #1-12 RQ) Market Org Quiz QOD #20: Wal-Mart lowers your wage! Wal-Mart: The High Cost of Low Price Discuss.

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Presentation transcript:

Agenda Fri 3/9 & Mon 3/12 Review HW (pg 198 #1-12 RQ) Market Org Quiz QOD #20: Wal-Mart lowers your wage! Wal-Mart: The High Cost of Low Price Discuss film and statistics Homework Stock Watch: Printout #2 DUE: Mon 3/19 & Tues 3/20 Study for Midterm Exam Mon 3/19 & Tues 3/20

QOD #20: Wal-Mart lowers your pay! Wal-Mart actually reduce[s] the take-home pay of retail workers by $4.7 BILLION dollars annually. How can Wal-Mart effect the wages of the entire retail sector? How can they reduce their pay. Do they break labor laws to do this?

Applying Wal-Mart's reported percentages of workers and children enrolled in Medicaid/SCHIP implies Wal-Mart workers and children cost $456 million to taxpayers nationally through their use of public health programs. This does not include the costs of adult dependents. (UC Berkeley Labor Center) Why would a company want to utilize public assistance to provide its employees healthcare. Is this ethical? Are low prices worth this cost to the taxpayer?