Memo to Washington : Capitalism works!

In a time when the government appears to be involved in anything & everything involved with the Private sector, the face of America's capitalistic system - Wal-Mart, is adding 22,00o jobs in 2009 due to expanding or new stores across the Nation.

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BENTONVILLE, Ark., June 4, 2009 – Walmart U.S. announced today that it will create more than 22,000 jobs in 2009 to staff new or expanded stores in the United States. The company is hiring for a number of positions including store management, pharmacists, human resource managers, customer service associates, cashiers and sales associates among others.

"During this difficult economic time, we’re proud to be able to create quality jobs for thousands of Americans this year," said Eduardo Castro-Wright, vice chairman of Wal-Mart Stores, Inc. “At Walmart, we offer competitive pay and benefits and real opportunities for our associates to advance and build careers. Job creation is just one way in which we’re working hard every day to help people across this country live better.”Last October, Walmart announced plans to open 142 to 157 new or expanded stores during the 2010 fiscal year in the United States.

The company will create more than 1,000 jobs in several individual states. For example, the company will create approximately 1,300 jobs in Arizona; 1,000 jobs in California; 1,300 jobs in Florida; 1,500 jobs in Michigan; 1,200 jobs in New Jersey; 1,000 jobs in South Carolina; 1,200 jobs in Utah and 1,100 in Virginia.

“We are excited that during these economically challenging times Walmart is investing in Michigan by creating good paying jobs and offering benefits to their employees,” said Richard Studley, president and chief executive officer of the Michigan Chamber of Commerce. “The positive impact that these jobs will have on the families of the new employees and their communities cannot be overstated.”

Benefits, including affordable health plans that offer customized health coverage options, are available to full- and part-time associates. More than 94 percent of store and club associates in the United States have some type of health care coverage.

Other benefits include profit sharing and 401(k) contributions, a stock purchase plan and a discount on store merchandise. Last year, the company put 4 percent of the income of every full-time and part-time U.S. associate with more than a year of service into a profit sharing and 401 (k) plan, even if the associate did not contribute to the plan.

In 2008, more than 150,000 hourly associates received promotions to new positions within the company. Earlier this year, the company shared more than $2 billion in financial incentives with hourly store and club associates through bonuses, 401(k) and profit sharing plans."

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http://walmartstores.com/FactsNews/NewsRoom/9182.aspx

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For anyone who loves capitalism, secure employment, and low prices for great value - this is excellent news.

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