Bernie Sanders to demand Walmart raise poverty wages

first_imgShare on Facebook Share via Email Share on Twitter Bernie Sanders to demand Walmart raise ‘poverty wages’ Last modified on Mon 27 May 2019 13.44 EDT Topics Walmart average full-time worker earns $14.26, compared with its chief executive pay package of $23.6m.Photograph: Frederic J Brown/AFP/Getty Share on Facebook Share on Pinterest This article is more than 1 month old Bernie Sanders Bernie Sanders, a leading Democratic presidential candidate, is preparing to gatecrash Walmart’s annual meeting to demand the world’s biggest retailer increase its 2.2 million workers “poverty wages”.Sanders is expected to attack the multi-billionaire Walton family, who own Walmart, for paying its full-time workers an average of just $14.26 per hour (£11.25) while handing the chief executive, Doug McMillon, a $23.6m pay package.McMillon’s pay is 1,076 times that collected by the median worker, and makes him by far the best paid person in Arkansas, where Walmart is based and where the AGM will be held.“Walmart workers are sick and tired of being paid poverty wages, while the Walton family is worth over $170bn,” the Vermont senator said in a tweet. “I’m honored to have been invited by Walmart workers to demand they have a seat on the company’s board.”Sanders, a longtime critic of working conditions at the nation’s biggest private employer, will introduce the workers proposal at the annual meeting in Rogers, Arkansas, on 5 June. However, there is very little chance of the proposal attracting enough votes.Sanders will speak as a proxy for Cat Davis, a Walmart employee who filed the latest action. “We should have the power to decide what happens at the company many of us have given our working lives to,” Davis said in a statement. “Associates deserve more from Walmart than we’re getting right now, especially as we’re the ones who create the company’s profits. Senator Sanders recognises that.” @RupertNeate Shares363363 Share on Messenger Share on LinkedIn Rupert Neate Since you’re here…center_img … we have a small favour to ask. The Guardian will engage with the most critical issues of our time – from the escalating climate catastrophe to widespread inequality to the influence of big tech on our lives. At a time when factual information is a necessity, we believe that each of us, around the world, deserves access to accurate reporting with integrity at its heart.More people are reading and supporting The Guardian’s independent, investigative journalism than ever before. And unlike many news organisations, we have chosen an approach that allows us to keep our journalism accessible to all, regardless of where they live or what they can afford. But we need your ongoing support to keep working as we do.Our editorial independence means we set our own agenda and voice our own opinions. Guardian journalism is free from commercial and political bias and not influenced by billionaire owners or shareholders. This means we can give a voice to those less heard, explore where others turn away, and rigorously challenge those in power.We need your support to keep delivering quality journalism, to maintain our openness and to protect our precious independence. Every reader contribution, big or small, is so valuable. Support The Guardian from as little as $1 – and it only takes a minute. Thank you. Walmart Support The Guardian Walmart Mon 27 May 2019 11.09 EDT Retail industry Poverty news US Democratic candidate will gatecrash the retailer’s annual meeting in Arkansas in June Sanders has repeatedly highlighted Walmart as an example of startling inequality in America comparing the Waltons’ vast fortune with the supermarkets low paid workers, many of whom get by on government-issued food stamps and Medicaid – the health cover programme joint-funded by state and federal government. Sanders often claims that the Walton family collectively has more wealth than the bottom 40% of Americans.A spokesman for Walmart, which owns Asda in the UK, said: “If Senator Sanders attends, we hope he will approach his visit not as a campaign stop, but as a constructive opportunity to learn about the many ways we’re working to provide increased economic opportunity, mobility and benefits to our associates.”In addition, institutional shareholder advisory services Glass Lewis and Institutional Shareholder Services (ISS) have recommended that shareholders vote against Walmart at the meeting. Glass Lewis has advised investors vote down Walmart’s remuneration plans stating that there is a “pay and performance disconnect”. ISS has also advised shareholders vote for a motion demanding that Walmart strengthens oversight to prevent sexual harassment in the workplace. Sign up to the daily Business Today email or follow Guardian Business on Twitter at @BusinessDesk Share via Email This article is more than 1 month old Share on WhatsApp Share on Twitter Reuse this contentlast_img read more