Atman/Texas Toast talks WalMart conundrum

[Ralph Wiggum]

Atman (26,825 posts)

The Walmart Conundrum...


Last edited Tue Nov 19, 2013, 12:35 PM - Edit history (1)

They can easily...EASILY...afford to pay their employees a living wage. They can increase wages two-fold and still make a massive profit.

The profit isn't really effected by employee wages. It is all still PROFIT. The important number is investor dividends. It is tax credits.

If Walmart gives a big wage increase, it will show up on the balance books and investors will notice at the next shareholders meeting. So they CAN'T increase wages if it means the "bottom line" will go down and the shareholders will be upset.

They have plenty of money. No one will starve, no one will lose their Lear Jet, no one will have to down-size to a 200' yacht...they'll all do just fine. But if they don't return the promised number on Wall Street, they suffer.

SUFFER. Poor bastards. Smaller yacht, time-share Lear Jet. The only focus is on making sure investors get a positive return.

This is why Capitalism is a lost cause.

 

Bandit (20,132 posts)
3. "The profit isn't really effected by employee wages."

I can tell you have never run a business. Wages are the greatest expense in most businesses. They have a tremendous effect upon Profits. That being said Walmart (the Family) can easily raise their labor costs and still be in the top 1% of wealth in America. They have more money than they could ever spend in their lifetime or even their great grandchildren's lifetime..

[Bad Dog]

If they ever get to decide how much Wallmart can "keep", they will not stop until they get to you.

[JohnnyReb]

As old man Walton once said after an overnight loss of a billion dollars in value of WAL-MART stock, "It's all on paper anyway."

[wasp69]

Atman (26,825 posts)

The Walmart Conundrum...


Last edited Tue Nov 19, 2013, 12:35 PM - Edit history (1)

They can easily...EASILY...afford to pay their employees a living wage. They can increase wages two-fold and still make a massive profit.

The profit isn't really effected by employee wages. It is all still PROFIT. The important number is investor dividends. It is tax credits.

If Walmart gives a big wage increase, it will show up on the balance books and investors will notice at the next shareholders meeting. So they CAN'T increase wages if it means the "bottom line" will go down and the shareholders will be upset.

They have plenty of money. No one will starve, no one will lose their Lear Jet, no one will have to down-size to a 200' yacht...they'll all do just fine. But if they don't return the promised number on Wall Street, they suffer.

SUFFER. Poor bastards. Smaller yacht, time-share Lear Jet. The only focus is on making sure investors get a positive return.

This is why Capitalism is a lost cause.

Spoken by a layabout, living off of his wife, in his New England mansion...

Great man of the people you are, McGrath.   

Bandit (20,132 posts)
3. "The profit isn't really effected by employee wages."

I can tell you have never run a business. Wages are the greatest expense in most businesses. They have a tremendous effect upon Profits.

You couldn't fill a thimble with the collective knowledge of real life from every DUmbass in $kinner's gulag, DUmmie, but it's not like that stops any of you retards.

[Karin]

...gives a big wage increase, it will show up on the balance books

 

Does he have any idea how utterly retarded he looks in this entire post?

The profit isn't really effected by employee wages.

 

And what do tax credits have to do with anything?  Did he suffer a head injury lately?  

Remember when Obama talked about a "profit/earnings ratio?"  

[jukin]

Nor does the DUchebag know that the wage an employee gets is about .6  of what an employer pays (If an employer pays an employee $10/hr it ends up costing them $16/hr+/-). There is half of FICA and the new improved higher medicare tax, workers comp. unemployment insurance, and lots of other incidentals.

The DUmbass never ceases to demonstrate his complete and utter ignorance of all things.

[Freeper]

I'm sure they think the CEO of Walmart takes all the profits and stuffs it in a vault like Scrooge McDuck.

Little do theses idiots realize that profits can be invested back into the company, and unlike food stamps can create more jobs.

[Karin]

I'm sure they think the CEO of Walmart takes all the profits and stuffs it in a vault like Scrooge McDuck.

Little do theses idiots realize that profits can be invested back into the company, and unlike food stamps can create more jobs.

There are only three replies, and you're right; they think of company profits as the Walton family's paycheck.  They have more than enough to spend!  Reinvestment doesn't even occur to them. 

[USA4ME]

The reason Wal-Mart is in business is to NOT make money for its owner (stockholders).

This is why Pedro can never be trusted to do anything more than be the #3 cartoonist for a below sub-par shop drawing speech bubbles which must be approved by an apprentice.

Poor Pedro.

.

[GOBUCKS]

Tue Nov 19, 2013, 12:31 PM
Star Member Atman (26,825 posts)

The Walmart Conundrum...


The profit isn't really effected by employee wages.

The word is "affected", Pedro, "affected", not "effected".

In English, almost always "affect" is a verb, and "effect" is a noun.

Poor, illiterate Pedro McGrath - no wonder he was never allowed to fill in those speech bubbles.

[Ralph Wiggum]

The word is "affected", Pedro, "affected", not "effected".

In English, almost always "affect" is a verb, and "effect" is a noun.

Poor, illiterate Pedro McGrath - no wonder he was never allowed to fill in those speech bubbles.

That was why I put that part in bold.

From the smartest people on the internet, folks. 

[franksolich]

You know, I wonder why the twin thought this worthy of posting on Skins's island, but I suspect he just wanted some attention, and did whatever he could, to get it.

He might as well have posted this, for all the intellectual enrichment one can get out of it:

'Twas brillig, and the slithy toves
 Did gyre and gimble in the wabe;
 All mimsy were the borogoves,
 And the mome raths outgrabe.
 
"Beware the Jabberwock, my son!
 The jaws that bite, the claws that catch!
 Beware the Jubjub bird, and shun
 The frumious Bandersnatch!"
 
He took his vorpal sword in hand:
 Long time the manxome foe he sought—
 So rested he by the Tumtum tree,
 And stood awhile in thought.
 
And as in uffish thought he stood,
 The Jabberwock, with eyes of flame,
 Came whiffling through the tulgey wood,
 And burbled as it came!
 
One, two! One, two! and through and through
 The vorpal blade went snicker-snack!
 He left it dead, and with its head
 He went galumphing back.
 
"And hast thou slain the Jabberwock?
 Come to my arms, my beamish boy!
 O frabjous day! Callooh! Callay!"
 He chortled in his joy.
 
'Twas brillig, and the slithy toves
 Did gyre and gimble in the wabe;
 All mimsy were the borogoves,
 And the mome raths outgrabe.

This is all the more the reason my fellow alum Skins, since his campfires make Skins' island look stupid, should either (a) restrict Atman to just the Mental Health and conspiracy forums or (b) put his comments on some sort of "administrative hold for review," until Skins has had a chance to telephone his wife to ask if the comment's okay, or not okay, with her to be posted.

[BlueStateSaint]

You know, I wonder why the twin thought this worthy of posting on Skins's island, but I suspect he just wanted some attention, and did whatever he could, to get it.

He might as well have posted this, for all the intellectual enrichment one can get out of it:

'Twas brillig, and the slithy toves
 Did gyre and gimble in the wabe;
 All mimsy were the borogoves,
 And the mome raths outgrabe.
 
"Beware the Jabberwock, my son!
 The jaws that bite, the claws that catch!
 Beware the Jubjub bird, and shun
 The frumious Bandersnatch!"
 
He took his vorpal sword in hand:
 Long time the manxome foe he sought—
 So rested he by the Tumtum tree,
 And stood awhile in thought.
 
And as in uffish thought he stood,
 The Jabberwock, with eyes of flame,
 Came whiffling through the tulgey wood,
 And burbled as it came!
 
One, two! One, two! and through and through
 The vorpal blade went snicker-snack!
 He left it dead, and with its head
 He went galumphing back.
 
"And hast thou slain the Jabberwock?
 Come to my arms, my beamish boy!
 O frabjous day! Callooh! Callay!"
 He chortled in his joy.
 
'Twas brillig, and the slithy toves
 Did gyre and gimble in the wabe;
 All mimsy were the borogoves,
 And the mome raths outgrabe.

This is all the more the reason my fellow alum Skins, since his campfires make Skins' island look stupid, should either (a) restrict Atman to just the Mental Health and conspiracy forums or (b) put his comments on some sort of "administrative hold for review," until Skins has had a chance to telephone his wife to ask if the comment's okay, or not okay, with her to be posted.

Coach, I get more intellectual enlightenment out of Jabberwocky.

[JohnnyReb]

Nor does the DUchebag know that the wage an employee gets is about .6  of what an employer pays (If an employer pays an employee $10/hr it ends up costing them $16/hr+/-). There is half of FICA and the new improved higher medicare tax, workers comp. unemployment insurance, and lots of other incidentals.

The DUmbass never ceases to demonstrate his complete and utter ignorance of all things.

I gave up trying to explain that to my employees....all they can see is "take home pay".

I think if you could pay them what it cost you per hour, then lay it out in front of them "IN CASH" and then take back "IN CASH" from that cash laid out right in front of them what they never see otherwise.... we could get the revolution this country needs.

[vesta111]

I gave up trying to explain that to my employees....all they can see is "take home pay".

I think if you could pay them what it cost you per hour, then lay it out in front of them "IN CASH" and then take back "IN CASH" from that cash laid out right in front of them what they never see otherwise.... we could get the revolution this country needs.

Drives me nuts when employees have deductions taken from their pay to go into credit unions, child support, auto insurance, life insurance and when they get  their pay check go nuts as they figure the cost out find they worked 40 hours for minimum wage or less in cold in their pocket cash.

Few figure in the 401K match the employer has made for them, few figure out the vacation paid to them and few look at the free donuts and coffee in some caffs.  A lot of little benefits they get, like toilet paper in clean restrooms, uniforms supplied with a cleaning service.    Some places pay for special steel toed boots that a worker if they quit can take with them to the next job. 

Then the IRS, when you are hired on to a job you have the option to claim most any number of dependents, some want all the money they can get now and then bitch they only got $800 back or even had to pay extra taxes. Others claim the other way and  pay 3-4 times the amount they know they will owe and over pay for $5,000 or more each year.  Interesting way to take a once a year on paid vacation to head out around the world.  no interest but it is money in the bank.

The Temp agency's are interesting as are small businesses that hire everyone as an independent contractor.   I tried to tell my co workers way back when that if they did not get their pay in cash they were not working under the table.     Being a ditsy blond no one listened to me and went nuts when they got a bill from the tax man for their taxable income.

Johnny, some how you remind me of the 1800's mining stores that supplied housing and credit in the company store.   Come pay day the rent and the cost of supplies to the workers were taken from the pay and the Miners went home with $6.00 if that in cash in their pockets.