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Wal-Mac

McDonald's sells more than 75 hamburgers every second. McDonald's' daily customer traffic 62 million, that's about 1 percent of the world's population. McDonald's' $27 billion in revenue makes it the 90th-largest economy in the world. The $8.7 billion in revenue from franchise stores alone, makes McDonald's richer than Mongolia. McDonald's hires around 1 million workers in the US every year ( a 700,000 domestic workforce with 150% turnover rate.) According to company estimates, one in every eight American workers has been employed by McDonald's. Americans alone consume one billion pounds of beef at McDonald's in a year – five and a half million head of cattle. McDonald's has 761,000 employees worldwide, that's more than the population of Luxembourg. From 2011 to 2013, McDonald's plans to open one restaurant every day in China. McDonald's is the world's largest distributor of toys, with one included in 20% of all sales. M…

Wal-Mart - Anti-union

Wal-Mart , the owners of the supermarket chain , Asda , reveal what happens when capitalists feel threatened by democracy - they use their influence and access to voters to swing the vote . This from the Wall St Journal (via Harry's Place blog)

Wal-Mart in the USA is mobilizing its store managers and department supervisors around the country to warn that if Democrats win power in November, they'll likely change federal law to make it easier for workers to unionize companies -- including Wal-Mart.

In recent weeks, thousands of Wal-Mart store managers and department heads have been summoned to mandatory meetings at which the retailer stresses the downside for workers if stores were to be unionized. Wal-Mart executives claim that employees at unionized stores would have to pay hefty union dues while getting nothing in return, and may have to go on strike without compensation. Also, unionization could mean fewer jobs as labor costs rise.

Wal-Mart don't specifically tell attendees…

Exploiting kids

Wal-Mart ( ASDA here in the UK ) prides itself on cutting costs at home and abroad, and its Mexican operations are no exception. Wal-Mart is taking advantage of local customs to pinch pennies at a time when its Mexican operations have never been more profitable. 19,000 youngsters between the ages of 14 and 16 work after school in hundreds of Wal-Mart stores, mostly as grocery baggers, throughout Mexico—and none of them receives a red cent in wages or fringe benefits.

The use of unsalaried youths is legal in Mexico because the kids are said to be “volunteering” their services to Wal-Mart and are therefore not subject to the requirements and regulations that would otherwise apply under the country’s labor laws. Although Wal-Mart’s worldwide code of ethics expressly forbids any “associate” from working without compensation, the company’s Mexican subsidiary asserts that the grocery baggers “cannot be considered workers.”

Wal-Mart is Mexico’s largest private-sector employer in the nation …