Comment on How Long It Takes the Largest Companies in America to Make One Employee's Average Annual Salary
Tb0n3@sh.itjust.works 7 months agoIt really depends on how much it costs them to do business. Payroll is only a part of the cost to do business. Companies like Walmart have massive real estate holdings which likely take a significant chunk of their revenue to pay off.
Remmock@kbin.social 7 months ago
Are you referring to stores and warehouses or do you mean they dabble in the real estate market?
Tb0n3@sh.itjust.works 7 months ago
Stores and warehouses, obviously.
intensely_human@lemm.ee 7 months ago
And walls
Remmock@kbin.social 7 months ago
Ah, so these “massive real estate holdings” cost virtually nothing to them in construction costs, and are designed to require as little maintenance as humanly possible. In addition, their tax obligations on these real estate holdings are virtually nonexistent due to the severely discounted tax obligation they have for “bringing jobs to the area” (even though those jobs are shit). City and county governments fall all over themselves to give them as little tax obligation as possible.
Their “real estate holdings” are as much a drop in the bucket as employee pay.
Tb0n3@sh.itjust.works 7 months ago
It was a single example. But they also have to heat, cool, and power their enormous store areas, warehouses, frozen warehouses. There are absolutely lots of costs that big companies must cover besides just payroll.