Nazi baby killer talking finance is a scream. May I remind you all that he did not understand how a 401K worked.
First, he is comfortable with the government telling business (government telling business to do anything is fascism NBK) how much they should pay people or how much a job is worth to the company. NBK truly has fascist tendencies.
I know someone who has worked for Wal-mart for 30 years. She has maxed out her paygrade but the myth that Wal-Mart pays their employees was disproven years ago but it still sounds good among the unwashed. Some Wal-mart (like many other businesses) jobs are very low pay because they are low skilled and easy to fill. Many others get full medical benefits, drug benefits, and pensions just like any other business. NBK is an idiot as he proves once again.