Wal-mart is a low-wage firm and this indicates that it


"Wal-Mart is a low-wage firm and this indicates that it exploits its workers." Which of the following should cause one to question the validity of this statement?

1 the high profits of Wal-Mart

2 the large sales revenue of Wal-Mart

3 No one is required to work for Wal-Mart and, therefore, it must attract workers by paying them more attractive wages than they could earn elsewhere.

4 This is a trick question. Wal-Mart does exploit its workers and the below average wage of Wal-Mart employees illustrates this point.

Solution Preview :

Prepared by a verified Expert
Microeconomics: Wal-mart is a low-wage firm and this indicates that it
Reference No:- TGS01386138

Now Priced at $10 (50% Discount)

Recommended (96%)

Rated (4.8/5)