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Back of the napkin math, assuming all 214,000 employees (Google result) are at $8.32/hr, and get bumped to $12/hr, and they all work 2000 hours a year (2 weeks off), that results in an annual increase in payroll of $1,575,040,000.
Obviously something has to change, and I don't think people would mind another bump in sale prices if that means better pay across the board for employees.
You forgot that the 1.23 billion is in profits, not revenue. This means their revenue is much higher.
The other factor is those 214,000 employees don't all work full time. A high percentage are part time.
The easiest solution would be to greatly reduce CEO pay (reducing by 9 million would cover the cost of 375 full time employees at your calculation), and reduce the amount of employees but make them fulltime at 35 hours, but make it so they also get mandatory 3 weeks vacation (paid at 30%), or 2 week vacation with full paid sick leave.
Yes, there would be less jobs, but each of those jobs would actually pay enough to live off of. Dollar tree doesn't really operate in high cost areas so that 12/hr would be enough to cover expenses for most of their employees.
There's probably many other optimizations they could do but haven't because why should they when they're already making over a billion in profits.
"The other factor is those 214,000 employees don't all work full time. A high percentage are part time."
That's the Gotcha, most of these employees are part time, it scheduled to be just under full time so they won't qualify for any benefits.
I've been management at places that have required me to schedule people at 27.5 hours or 31.5 hours. This was mall retail in the aughts, so things may have changed, but they've probably only gotten worse.
Corporate would rather have a bunch of part timers that have to be constantly replaced than a solid team of full timers that actually want to grow with the company.
Once again, I haven't had to hire or write a schedule in over a decade, so let me know if I am wrong.
I don't know why people are so fixated on the CEOs pay. It's only 0,8% of the total profits.
Bcs otherwise they would have to admit/look at the party getting the rest of profits, ie the owners. A relatively concentrated class even in such a widely treated stock.
So yes, CEOs are just a ~~corporate~~ systems lapdog to take the heat with relative peanuts in pay while the owners take billions.
Dollar Tree doesn't pay dividends, but has done billions in stock buybacks, which is the same thing (different tax aspect, depending on "investor" location). That affects the stock price ofc.
Because they don't work 10,000× more than the lowest paid worker.
But they get paid that for the reason the other person said, in part too - to take the heat off the owners.
The kroger ceo makes like 15 mil
I've heard it said that Dollar Trees are notoriously easy to shoplift from...
You probably don't want to get caught shoplifting from the only place in your town that sells groceries.
That's a given. But if the only place in your town to get groceries is a Dollar Tree then that kinda sucks.
They aren't.
Source: Watched a lady get thrown out of Dollar Tree for shoplifting
Dollar Tree was always my last resort "Dollar Store". Now I'll never go there. Add another to the list
I mean, they could at least have blamed tariffs.
