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Originally Posted by heikstheo";p="
Because profit margins are measured as a percentage of sales rather than in absolute dollars. So, without knowing the gross sales figure as well as the net profit figure, you cannot figure what the profit margin is. Now, let's do a little math here. How to eliminate $10 billion in profits. Give each of 1.7 million employees raises in the amount of $5,882.35/year (salary) or $2.83/hour (wages). Do you really think people should invest money in business hoping to make zero profit?
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They never raise the minimum wage by $2.83. If they are lucky the raise in minimum wage would be at most $1 per hour. And that's extremely lucky. That's 1.7 million employees times 1920 hours of work in a year (assuming 40 hour work weeks) times that $1 raise and you get $3.26 billion. That is still $6.84 billion in profits. Added to that that most of the workers at Walmart probably make over the federal minimum wage + any proposed increases anyway, and that profit is even closer to $10 billion.