…Walmart is the largest employer in the United States. Now if we were back in the 1950s, General Motors was the largest employer of the United States. General Motors in today’s dollars was then paying its workers about $50 to $60 an hour. Today, Walmart is paying its average worker, including its part-timers, $8.80 an hour.
Regardless of how one feels about Walmart specifically, this is not a good statistic for U.S. economic growth (nevermind mobility).