Dollar Tree has about 200,000 employees. Paying each of them $8 an hour for 20 hours a week, 52 weeks a year is ~$1.6 billion. This is just napkin math, taking a guess at where an average hourly employee would be working, hours-wise. Assuming the profit is going straight into company coffers, they could afford to significantly increase pay or hours overall, but the money doesn’t stretch as far as our intuition might think. The problem really might not be Dollar Tree specifically, but the system of economy that led to its creation, and the creation of other massive corporations that rest on the back of underpaid workers.
Their only real options as the system stands (not that it wouldn’t be moving in the right direction) are to pay less people more money, or increase hours. Their margin is thinner than it looks. Far better to throw the system out than pretend that the $10 million CEO check is anything but a drop in the bucket compared to the crushing reality of shareholder-driven profit margins. Fuck capitalism.
For what it is worth, Dollar Tree only has about 66,000 full-time employees. 134,000 are part time workers, so two thirds, who are not required to be given medical benefits–but are given access to pay premiums for enrollment in the company insurance plan.
Dollar Tree has about 200,000 employees. Paying each of them $8 an hour for 20 hours a week, 52 weeks a year is ~$1.6 billion. This is just napkin math, taking a guess at where an average hourly employee would be working, hours-wise. Assuming the profit is going straight into company coffers, they could afford to significantly increase pay or hours overall, but the money doesn’t stretch as far as our intuition might think. The problem really might not be Dollar Tree specifically, but the system of economy that led to its creation, and the creation of other massive corporations that rest on the back of underpaid workers.
Their only real options as the system stands (not that it wouldn’t be moving in the right direction) are to pay less people more money, or increase hours. Their margin is thinner than it looks. Far better to throw the system out than pretend that the $10 million CEO check is anything but a drop in the bucket compared to the crushing reality of shareholder-driven profit margins. Fuck capitalism.
For what it is worth, Dollar Tree only has about 66,000 full-time employees. 134,000 are part time workers, so two thirds, who are not required to be given medical benefits–but are given access to pay premiums for enrollment in the company insurance plan.