Walmart's Acceptance Rate Is Lower Than Harvard's

Geo Beats

by Geo Beats

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If you think getting into Harvard is tough, just try getting a job at Walmart when economic times are tough.

If you think getting into Harvard is tough, just try getting a job at Walmart when economic times are tough.

When the mega-retailer’s first Washington DC store opened late last year, over 23 thousand applications were received.

There were only 600 positions available, meaning only 2.6 percent of job seekers got hired.

Harvard applicants have slightly rosier prospects of success. The Ivy League school’s average acceptance rate hovers just below 6 percent. Yale’s is just above that mark.

That realization has prompted many to speculate on what that means for the larger employment picture.

At the forefront of the discussion is the fact that D.C.’s Walmart almost wasn’t due to a dispute about minimum wage requirements for big box stores.

Ultimately, the proposed wage hike didn’t pass and the chain’s plans to open for business were put back on track.

In light of the fierce competition for the jobs many feel pay inadequately, experts have begun to take a deeper look at the true economic situation in the capital.

For years, Washington D.C. has been touted as having one of the lower urban unemployment rates in the country.