The Walmart CEO to Employee Wage Gap is Staggering
According to FootwearNews.com, Walmart CEO Doug McMillon makes more an hour than the employees make a year, and that's just getting started.
Mr. McMillion brings in an annual salary of $20,000,000 to 25,000,000 a year and sometimes even more. Now, by all means, he has absolutely earned that salary, anyone who brings value to customers at such a national and even international level certainly deserves what he gets, but it always more fun to play the hypothetical game, so let us begin.
Luckily, that's where Vox.com comes in. Let's say Mr. McMillion brings in $25,000,000 as he was estimated to have this past year. Apparently, even if he cut $20,000,000 to put exclusively to workers wages, they would only go up around $3.00 per hour, mind = blown. Perhaps the craziest part of all these numbers, Fortune.com reminded everyone it would take a Walmart worker who makes $9.00 per hour 2.8 million hours to match the CEO's pay, meanwhile the average person lives 657,000 hours.