this post was submitted on 02 Oct 2023
143 points (97.4% liked)
Asklemmy
43962 readers
1316 users here now
A loosely moderated place to ask open-ended questions
If your post meets the following criteria, it's welcome here!
- Open-ended question
- Not offensive: at this point, we do not have the bandwidth to moderate overtly political discussions. Assume best intent and be excellent to each other.
- Not regarding using or support for Lemmy: context, see the list of support communities and tools for finding communities below
- Not ad nauseam inducing: please make sure it is a question that would be new to most members
- An actual topic of discussion
Looking for support?
Looking for a community?
- Lemmyverse: community search
- sub.rehab: maps old subreddits to fediverse options, marks official as such
- !lemmy411@lemmy.ca: a community for finding communities
~Icon~ ~by~ ~@Double_A@discuss.tchncs.de~
founded 5 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
That’s absurd. 250 million weekly visitors stealing a $1 item per visit would amount to $13B per year in losses, approximately equal to Walmart’s annual net income. They would love to raise prices to compensate (2% should do it) but then they would lose the equivalent in sales to competitors like Amazon that don’t face as much risk from theft losses.
False. Walmart makes about $600 BILLION per year.
Idk where you found the $13B figure, since that's less than the amount they made OVER the previous year's earnings.
I know what you're thinking: "but that's revenue, not profit!" Okay sure, and let's not even address what qualifies as a "loss" for a massive business like Walmart because I don't even need to get into that to make my point. Still, they profited nearly $150B in 2022, source is the same link but lower on the page.
Walmart makes over $250k per employee, and nearly 15k of those employees are on food stamps, which means that our tax dollars are being used to subsidize their exploited labor force to make them 12-figure profits.
So yeah, I think we're kinda sorta morally obligated to steal from them in order to feed the hungry that they are responsible for making hungry in the first fucking place.
I pulled this from your link: