State of CA cuts Wal-Mart off: No more taxpayer subsidized profits
Apparently, Wal-Mart and similar large retail operations have now cut employee working hours in an effort to ensure that more employees are entering Medicaid programs that will ultimately increase Wal-Mart’s profits.
Low wages have been the forte at Wal-Mart for years, which has forced their employees to claim Medicaid, food stamps and subsidized housing in order to survive.
However, the new Affordable Care Act should have helped with that problem but Wal-Mart has ensured that they keep their profit margins by cutting employee hours and forcing their employees into health care and other subsidized programs.
This is bad news for the taxpayer who will have to contribute more in order for the employees of Wal-Mart to support their families but is good news for Wal-Mart shareholders and senior management who are earning higher salaries.