American veterans returning from war have had a history of finding employment at Fortune 10 companies. After the Korean War they got engineering and sales jobs at IBM and Texaco. After Vietnam they became production technicians and manufacturing coordinators at Dupont and Monsanto.
Those returning from Iraq and Afghanistan will be working at Walmart. Now that’s what I call economic progress.
At January’s National Retail Federation Convention in New York, CEO and President Bill Simon announced the Bentonville behemoth’s pledge to hire any returning veteran who wants a job, in a program it will kick off on (when else?) Memorial Day. It will result in 100,000 jobs for returning military personnel over the next five years.
This is a wonderfully patriotic gesture, and a great opportunity for all those returning vets, right? Or is it? [Read more...]