Today’s news tells me that Walmart has decided to no longer have greeters in stores on the graveyard shift. Greeters, as we all know, are those retired geezers that meet you at the door, help with getting a basket and tell you where you can find stuff. It’s not a great, important position, but most of these geezers are just trying to supplement their puny retirements … and maybe gain a little end of life dignity… moonlighting for America’s favorite retailer. Who needs them anyway?
And what a big money saver it is. WalMart has 3,000 superstores in the USA, each employing one geezer on the graveyard shift. Figuring they earn $8 per hour and another $2 in benefits, the cost to Walmart for all those geezers is about $10 million a year. A LOT OF MONEY.
Walmart reported net income of $6.6 billion last quarter… yes, I said last quarter. Last year’s total income was in excess of $25.5 billion. So you can see getting rid of those old people is very important to ensure that Walmart exceeds its income levels next year. $10 million here, $10 million there. Eventually it all adds up.