Report Finds Wal-Mart’s Low Wages Cost Taxpayers Millions

Date: 1 Apr 2004 | posted in: Retail | 1 Facebooktwitterredditmail

Taxpayers are picking up the tab for Wal-Mart’s low wages and meager benefits, according to a new congressional report. Prepared by the Democratic staff of the House Committee on Education and the Workforce and released by Rep. George Miller in February, the report concludes that the federal government is providing an average of $2,100 annually in public assistance per Wal-Mart employee. … Read More

Controversial Mall will not Boost Jobs or Revenue, Study Concludes

Date: 1 Sep 2003 | posted in: Retail | 0 Facebooktwitterredditmail

Developers of a massive shopping center in Leominster, Massachusetts, claim the project will create 869 new jobs and boost the city’s property tax revenue by $400,000 annually. But a study by a nationally recognized land use economist has found that the development will destroy about as many jobs as it creates and provide the city with only $51,000 in additional revenue. To put that into perspective, if the new revenue were used to cut residential property taxes, each of the city’s 17,000 households would save just $3 annually. … Read More