The Conservative Cave
Current Events => The DUmpster => Topic started by: Carl on February 20, 2015, 01:46:27 PM
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http://www.democraticunderground.com/10026252762
Fri Feb 20, 2015, 11:11 AM
Star Member diabeticman (2,479 posts)
The sign that corporate America is feeling the pinch of the vice that has squeezed the middle class.
http://www.motherjones.com/kevin-drum/2015/02/walmarts-surprise-wage-increase-might-be-good-news-about-economy
Walmart increased wages.
Does Walmart sell inflatable women?
Anyways one would think that should make folks happy but not at the DUmp.
Response to diabeticman (Original post)
Fri Feb 20, 2015, 11:15 AM
Dont call me Shirley (3,823 posts)
2. They'll give barely enough to appease the peasants in the short run.
Response to diabeticman (Original post)
Fri Feb 20, 2015, 11:28 AM
Star Member mopinko (43,181 posts)
3. this is a scam by walmart, imho.
they are going to use this as an excuse to hike prices substantially. then they are going to turn around and use that as proof that raising wages means raising prices.
and as a bonus, they get out of being the poster child for low wages.
mark my words.
In other words DOTY lunatic just wants cheap stuff.
Response to diabeticman (Original post)
Fri Feb 20, 2015, 11:39 AM
seabeckind (1,025 posts)
5. Good news!! The chocolate ration is being raised to 20 grams!!
From 30.
Response to diabeticman (Original post)
Fri Feb 20, 2015, 12:05 PM
Star Member closeupready (24,103 posts)
8. Hillary was on Walmart's board for six years; currently, that record besmirches her,
but if - in the run-up to 2016 - Walmart can find a temporary way to redeem itself a bit from being perceived by the public as a sweatshop (mitigating the impact of criticisms about her association with them), then a later Hillary win makes the price of raising wages NOW merely a pay-it-forward investment in the election of a president who would then be more likely to have an open door policy to Walmart's executives and their concerns.
Miserable bunch of assholes.
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Star Member mopinko (43,181 posts)
3. this is a scam by walmart, imho.
they are going to use this as an excuse to hike prices substantially. then they are going to turn around and use that as proof that raising wages means raising prices.
and as a bonus, they get out of being the poster child for low wages.
mark my words.
It is a good thing that none of you shop there then.
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The left doesn't care about how much the Walmart workers are making. Their main beef is that no unions are making money from Walmart. Walmart plans to increase their minimum pay to $10/hr. That is in line with what Obama has been pushing for, but Walmart is going to be doing it much sooner than it would have if forced to do so, by an increased federal minimum wage.
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Response to diabeticman (Original post)
Fri Feb 20, 2015, 11:28 AM
Star Member mopinko (43,181 posts)
3. this is a scam by walmart, imho.
they are going to use this as an excuse to hike prices substantially. then they are going to turn around and use that as proof that raising wages means raising prices.
and as a bonus, they get out of being the poster child for low wages.
mark my words.
You are special aren't you? Why wouldn't you think it would be passed to the consumer to pay for higher wages?!!! It's simple economics. You want all this crap but it comes at a cost, TO ALL OF US. Dipshit. :bird:
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You are special aren't you? Why wouldn't you think it would be passed to the consumer to pay for higher wages?!!! It's simple economics. You want all this crap but it comes at a cost, TO ALL OF US. Dipshit. :bird:
From what I've seen, Walmart doesn't think they'll have to raise prices much if at all. The lower, (fictionally lower), unemployment is playing a part. But they also need to reduces turnover. It costs them money to train someone, then have them leave shortly after that.
Currently, only about 6,000 Walmart employees out of more than 1.2 million nationwide are paid at the $7.25 an hour federal minimum wage, according to the company. It employs more U.S. workers than any other business.
Once the company's starting pay becomes $9 an hour in April, the average pay for full-time retail workers there will be about $13 an hour. Walmart has previously said that average already stands at $12.94 an hour.
The average part-time wage will be about $10 an hour, according to Carol Schumacher, vice president of investor relations for the company. Roughly half of its employees are part-time workers.
http://money.cnn.com/2015/02/19/news/companies/walmart-wages/
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Star Member mopinko (43,181 posts)
3. this is a scam by walmart, imho.
they are going to use this as an excuse to hike prices substantially. then they are going to turn around and use that as proof that raising wages means raising prices.
and as a bonus, they get out of being the poster child for low wages.
mark my words.
So they finally admit that wages have something to do with prices??
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The glass is always half empty to a DUmmy.
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From what I've seen, Walmart doesn't think they'll have to raise prices much if at all. The lower, (fictionally lower), unemployment is playing a part. But they also need to reduces turnover. It costs them money to train someone, then have them leave shortly after that.
http://money.cnn.com/2015/02/19/news/companies/walmart-wages/
Gina is right in repeats to the money being a zero sum game.
It has to come from somewhere.
In the long run it could come from lower training costs.
But more than likely it could come from stock dividends, or the stock prices themselves.
What is more than likely is that another wealth transfer is taking place at the cost of stockholders taking a hit.
I hope the same Dummies and libs who have been obsessed with a minimum wage hike are the ones who take it in the shorts in their securities holdings.
401ks and mutual funds.
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DUmmies are never happy. They are angry. :mental:
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Gina is right in regards to the money being a zero sum game.
It has to come from somewhere.
In the long run it could come from lower training costs.
But more than likely it could come from stock dividends, or the stock prices themselves.
What is more than likely is that another wealth transfer is taking place at the cost of stockholders taking a hit.
I hope the same Dummies and libs who have been obsessed with a minimum wage hike are the ones who take it in the shorts in their securities holdings.
401ks and mutual funds.
That should be regards.