Labor & Economy
Walmart's Bunker Mentality
On the heels of Walmart’s 50th birthday, several writers have examined the outsized wealth accumulated by six members of the Walton family, the clan that exercises controlling interest over the retail giant. The University of Californian, Berkeley’s Sylvia Allegretto, for example, has written that even as their fellow members of the Forbes 400 club lost wealth between 2007 and 2010, the Walton heirs actually accumulated more.
Meanwhile, Josh Bivens of the Economic Policy Institute notes the Walton family wealth is now “as large the bottom 48.8 million families in . . . wealth distribution (constituting 41.5 percent of all American families) combined.” We took a few of these stats to have some fun picturing how they might play out back at Walmart HQ in Bentonville, Arkansas.
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