Wal-Mart cost structure

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Wages and benefits: The vast majority of employees of retail firms are low-wage, low-skill, hourly workers. Wal-Mart is no exception. It's relatively easy to cut wage costs in that type of structure, because there is usually high employee turnover. The lack of an employee union makes it easy for Wal-mart to freeze or reduce pay and benefits, keeping those costs in check. The minimum wage, assuming it ...