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Thread: Walmart workers demand better wages

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    Re: Walmart workers demand better wages

    Quote Originally Posted by Mustachio
    They should make $10.65 and have benefits and the guarantee that you and the other employees will have an opportunity to get a promotion over an applicant outside the company. They should offer a one time scholarship for every full time employee who's been with the company longer than 1 year, and it can be used for their kids if they choose so.

    The community programs would include assistance to help with local food shelves and shelters, and we would ensure that any employee would be able to access help in any manner should they be very ill, have an accident, or lose a family member.

    I could do that because my company would have net sales of over $400,000,000,000 a year.

    Crazy ideas, right?
    Not as crazy as some hyper-liberal socialist thinking that he can run a multi-billion dollar corporation better than that multi-billion dollar corporation.

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    Re: Walmart workers demand better wages

    Quote Originally Posted by lpast View Post
    $464 billion in revenue is not $464 billion in profit.
    Revenue is the money they collect, before taxes and their bills are paid.

    Their profit is $16.5 billion.
    Their margin of profit is 3.57%
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    Re: Walmart workers demand better wages

    Quote Originally Posted by Gipper View Post
    Not as crazy as some hyper-liberal socialist thinking that he can run a multi-billion dollar corporation better than that multi-billion dollar corporation.
    Aside from that I just found out a really bad thing with obamacare that i had not realized prior...obamacare allows corporations to shirk all responsibility for providing health care to their employees and can put it on the govt taxpayer...that loophole needs to be closed.

    Walmart just announced it will no longer provide health care for any employees under 30 hrs..which is the lionshare of their employees and they also said any employees reduced to under 30 yrs will not have benefits...watch how fast walmart goes 90% part time so the biggest employer in the country with 2 million employees will assure they are all underemployed so they can make more profit...gotta love it...


    ObamaCare Fallout: Walmart Ends Insurance For New Hires

    Walmart's New Health Care Policy Shifts Burden To Medicaid, Obamacare

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    Re: Walmart workers demand better wages

    Quote Originally Posted by Harry Guerrilla View Post
    $464 billion in revenue is not $464 billion in profit.
    Revenue is the money they collect, before taxes and their bills are paid.

    Their profit is $16.5 billion.
    Their margin of profit is 3.57%
    I agree gross is not profit...I was in business for years...I wasnt questioning that. I posted the actual figures...16.5 billion isnt to shabby Harry...and its certainly enough to give a little raise to your underpaid employees isnt it...unless your a pig at the trough and want it all...

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    Re: Walmart workers demand better wages

    You're just now hearing about this?

    Quote Originally Posted by lpast
    Aside from that I just found out a really bad thing with obamacare that i had not realized prior...obamacare allows corporations to shirk all responsibility for providing health care to their employees and can put it on the govt taxpayer...that loophole needs to be closed.
    Obamacare needs to be closed. They're trying to cripple business by asking them to essentially eat a giant, unsustainable tax. I pity the fools who really think that we're being provided "free" health care when it's forcing the hands of big business.

    Walmart just announced it will no longer provide health care for any employees under 30 hrs..which is the lionshare of their employees and they also said any employees reduced to under 30 yrs will not have benefits...watch how fast walmart goes 90% part time so the biggest employer in the country with 2 million employees will assure they are all underemployed so they can make more profit...gotta love it...
    All major successful companies practice cost minimizing strategies. This is a no-brainer. The costs behind providing employees with health insurance is massive. When it becomes blanket coverage, it's going to essentially devastate small business, and force larger businesses to perform very unpopular moves.

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    Re: Walmart workers demand better wages

    Quote Originally Posted by lpast View Post
    I agree gross is not profit...I was in business for years...I wasnt questioning that. I posted the actual figures...16.5 billion isnt to shabby Harry...and its certainly enough to give a little raise to your underpaid employees isnt it...unless your a pig at the trough and want it all...
    Take that and spread it to either 2.2 million employees or 1.4 million employees.
    Depending on if your American centric or not.

    You're to fixated on dollar amount, but related to the size of the business, 3.5% isn't that much in profit.
    I was discovering that life just simply isn't fair and bask in the unsung glory of knowing that each obstacle overcome along the way only adds to the satisfaction in the end. Nothing great, after all, was ever accomplished by anyone sulking in his or her misery.
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    Re: Walmart workers demand better wages

    Quote Originally Posted by lpast View Post
    I agree gross is not profit...I was in business for years...I wasnt questioning that. I posted the actual figures...16.5 billion isnt to shabby Harry...and its certainly enough to give a little raise to your underpaid employees isnt it...unless your a pig at the trough and want it all...
    No it isn't. Walmart has a lot of stock out, those shareholders get the first cut, they are the ones who put money in. Whether people like it or not, employees come last, management next to last. The first people to get paid back are investors, then management(for bringing a return to investors), then employees.
    Neither side in an argument can find the truth when both make an absolute claim on it.

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    Re: Walmart workers demand better wages

    Quote Originally Posted by Harry Guerrilla View Post
    Take that and spread it to either 2.2 million employees or 1.4 million employees.
    Depending on if your American centric or not.

    You're to fixated on dollar amount, but related to the size of the business, 3.5% isn't that much in profit.

    harry your forgetting something buddy...walmart sells thousands upon thousands of items...a penny here and 2 cents there and theres your raise...but see they want to put a nickle here and a dime there and add it to their profit like most corps and F the employees...this is an employer economy...they have legions out of out of work needy people to just choose from...in this kind of climate the middle class gets pummeled..the problem is that this usually goes in cycles up and down now its been too long and the effects are getting devastating while the few pigs get fatter and fatter...there is no limit to their greed harry...they will take and take whatever they are allowed too...thats why we very much need a union revival in this country

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    Re: Walmart workers demand better wages

    Quote Originally Posted by LaMidRighter View Post
    No it isn't. Walmart has a lot of stock out, those shareholders get the first cut, they are the ones who put money in. Whether people like it or not, employees come last, management next to last. The first people to get paid back are investors, then management(for bringing a return to investors), then employees.
    Without the 2 million employess no one gets NOTHING not investors not the management not anyone...and the shareholders are not first..Management gets thiers first the shareholders and employees come last

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    Re: Walmart workers demand better wages

    Quote Originally Posted by lpast View Post
    Aside from that I just found out a really bad thing with obamacare that i had not realized prior...obamacare allows corporations to shirk all responsibility for providing health care to their employees and can put it on the govt taxpayer...that loophole needs to be closed.

    Walmart just announced it will no longer provide health care for any employees under 30 hrs..which is the lionshare of their employees and they also said any employees reduced to under 30 yrs will not have benefits...watch how fast walmart goes 90% part time so the biggest employer in the country with 2 million employees will assure they are all underemployed so they can make more profit...gotta love it...


    ObamaCare Fallout: Walmart Ends Insurance For New Hires

    Walmart's New Health Care Policy Shifts Burden To Medicaid, Obamacare
    How much were they providing before? And before, there were stories of Walmart pushing employees to make lack of pay with government services.


    Green told the crowded church how in her tenure with Wal-Mart, she's received two raises and is now a manager. She makes $9 an hour ($1 above the laughably-low California minimum wage). She pulled from her pocket three cards she claimed most Wal-Mart employees at her store have: a 10-percent Wal-Mart employee discount card, her employee ID and her EBT card (what used to be called food stamps).

    She relayed that 80 percent of her store's employees are on food stamps.

    Read more: The Herald-Sun - Let s kick Wal Mart off welfare

    This pay scale places employees with families below the poverty line, with the majority of employees' children qualifying for free lunch at school. When closely examined, this amounts to a form of corporate welfare, as the taxpayer subsidizes the low salaries. One-third are part-time employees - limited to less than 28 hours of work per week - and are not eligible for benefits.


    (snip)

    Full-time employees are eligible for benefits, but the health insurance package is so expensive (employees pay 35 percent - almost double the national average) that less than half opt to buy it.

    PBS - STORE WARS: Wal-Mart Business Practices

    AUSTAN GOOLSBEE: I think the world vests too much power, certainly in the president, probably in Washington in general for its influence on the economy, because most all of the economy has nothing to do with the government.

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