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Thread: Walmart workers demand better wages

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    Re: Walmart workers demand better wages

    Quote Originally Posted by Boo Radley View Post
    That's another over simplification. Especially when jobs are scarce. It is fundamental that when employees are able to bargin together, they have more leverage. And when had more unions, people made a better living.
    Yes, but it was a false economy. That was after WW II, basically, the US, Canada and Australia were the only countries left with their full capacity intact. Canada and Australia have very low populations and do not have the resources available in the US, so while they did ok, even well, they could not match the US.

    Once other Nations like Britain, Germany, Japan and others finished their rebuilding and were able to enter the market, the US share of the market began declining and US companies that previously dominated and had little competition worldwide now found themselves having to compete. Couple this with the decline of the US Education system, social upheavals, Government dept and regulation, reduced quality received from labor increased costs of labor and probably some more factors that are not coming to mind at the moment, it is not surprising that America has been declining, it is surprising that it has not outright failed yet. Unions transition from making needed changes in the system to just plain greed is one of the major factors in the decline. Unions today serve only two real purposes, express the greedy demands of it's members and garner as much as they can to assuage the greed of their members.
    Only a fool measures equality by results and not opportunities.

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    Re: Walmart workers demand better wages

    Quote Originally Posted by lpast View Post
    Unionize the pigs and you can watch the needle move for an improved lower middle class and economic recovery take some from the top pigs and spread it around and the country will be all the better...or the top pigs can leave and we will right promptly created a new set of the top rich people...they need us more than we need them...they dont make a dime without us a FACT that always seems to elude you marine...the top cant fight a war without troops and the rich cant get rich without people actually making them their money
    Yeah the unions have been so successful these last few decades at losing membership, they really know how to gain the hearts and minds of even the Wallmart employees. Why would anyone want to join a union when the union is going to take money from you? The unions only hope is to keep on the government payroll, and even there they are being busted, because of their greed. Scott Walker come to mind. The only reason the government unions have done so well is they sold their vote to the highest bidder, and they were all liberals.
    Last edited by Born Free; 12-02-12 at 02:27 PM.
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    Re: Walmart workers demand better wages

    Quote Originally Posted by j-mac View Post
    Do you write anything off? Why should the tax payer subsidize you?
    They're not. Taxpayers only subsidize the ones who get special write-offs.

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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%
    Ok, now lets look at what those "greedy" shareholders made. So far this year, Walmart stock bottomed out at $57.36 (Wal-Mart Stores, Inc.: NYSE:WMT quotes & news - Google Finance) and annualized dividends for 2012 are $1.46 (Walmart Corporate - Dividends & Stock Splits), so at it's lowest stock price, it would take the average investor 39.3 years to make back, from dividends, the dollar amount they paid. (Current rates, $72.10 and $1.59, it would take 45.3 years). So it would take over $40 years for an investor to make back their investment if the relied upon dividends being paid.

    I don't know about others, but waiting 40+ years to get back what I put in and actually start making money off of an investment is not being greedy. I would make more money off of selling that stock that I purchased at $57.36 for $72.10 than I would ever make off of dividends. Dividends are the distribution of profits, those not used for other things, to share holders. Walmart hardly appears "greedy" when you consider return upon the investment in the company.

    How many walmart employee's want to wait 40+ years to get the pay they earned on their investment of labor? Looked at this way, who is being "greedy"?
    Only a fool measures equality by results and not opportunities.

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    Re: Walmart workers demand better wages

    Quote Originally Posted by OpportunityCost View Post
    I dont need any credentials to understand that comparing a job to a root canal is a stupid argument. Look, I complained about your plainly over the top comment. Dont want that to happen? Stop saying stupid stuff.

    Stop accusing everyone attacking you. I attacked your argument. Quit whining.
    The WHINING is coming exclusively from you posts just like this one. I really do not care about your opinion nor about your obsessive need to follow me around and nitpick about my posts.

    Perhaps this will help in your understanding

    http://www.youtube.com/watch?v=SAp-T8Gklw0
    Last edited by haymarket; 12-02-12 at 04:07 PM.
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    Re: Walmart workers demand better wages

    Quote Originally Posted by solletica View Post
    They're not. Taxpayers only subsidize the ones who get special write-offs.

    What exactly are the "special write offs"?
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    Re: Walmart workers demand better wages

    Quote Originally Posted by buck View Post
    In that case, you should start that business and see if you can compete with Walmart and Target. Good luck attracting customers with higher prices then your competition.
    If all people cared about was purchasing the cheapest product, the only two cheeses found in stores would be Velveeta and American. And at Thanksgiving, you'd ask your guests what kind of turkey they wanted, "neck or spleen?" Campbell's advertising slogan would be "it's mm mm cheap!" Pork would be hailed as "the cheaper white meat."

    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.
    I'm a socialist because I think Wal-Mart is screwing their employees? That a very sensible sentiment you've got there. $8 an hour is capitalism and $10.65 is socialism.

    I never said I could run a multi-billion dollar corporation better than anybody, I said that I don't think they give their employees a fair deal and then I said what I thought constituted fairness. Whole Foods does it and they are thriving because they are known for the quality of their products, the treatment of their employees, and the responsibility of their business practices. Wal-Mart doesn't have to do anything other than adhere to existing laws. But the ultimate measure of right and wrong transcends the laws we have on paper and the price of shares come 4 PM EST.

    It's just a question of what you believe in. Some people believe in social darwinism and Laissez-fair leadership. I believe in fighting for those who are born on the wrong side of the tracks or get the raw end of the deal. I support local businesses, first and foremost, with my wallet. I urge everybody else to do the same.
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    Re: Walmart workers demand better wages

    Quote Originally Posted by Mustachio View Post
    If all people cared about was purchasing the cheapest product, the only two cheeses found in stores would be Velveeta and American. And at Thanksgiving, you'd ask your guests what kind of turkey they wanted, "neck or spleen?" Campbell's advertising slogan would be "it's mm mm cheap!" Pork would be hailed as "the cheaper white meat."
    Or Walmart would be the biggest retailer in the world. Oh.. Wait.

    That's right. You can buy all those products you mentioned at Walmart for cheaper then you can pretty much any where else. Customers obviously care about that.

    My wife works for a union shop. They can not get their prices even close to Walmarts.. It's difficult when you have to pay your unskilled cashiers $30/hour ($45.00 on sunday) with 401k and full benefits. So, they are cutting way back on hours at her store (the entire chain actually) and they are in danger of going under. Primarily because customers can get the same products cheaper at Target, Walmart or any of the other non-union grocery stores that have recently opened.

    So, your claim that customers don't care, is nonsense.
    Last edited by buck; 12-02-12 at 05:39 PM.

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    Re: Walmart workers demand better wages

    Quote Originally Posted by buck View Post
    Or Walmart would be the biggest retailer in the world. Oh.. Wait.

    That's right. You can buy all those products you mentioned at Walmart for cheaper then you can pretty much any where else. Customers obviously care about that.

    My wife works for a union shop. They can not get their prices even close to Walmarts.. It's difficult when you have to pay your unskilled cashiers $30/hour ($45.00 on sunday) with 401k and full benefits. So, they are cutting way back on hours at her store (the entire chain actually) and they are in danger of going under. Primarily because customers can get the same products cheaper at Target, Walmart or any of the other non-union grocery stores that have recently opened.

    So, your claim that customers don't care, is nonsense.
    Works for Sears-Kmart does she?
    Only a fool measures equality by results and not opportunities.

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    Re: Walmart workers demand better wages

    Quote Originally Posted by haymarket View Post
    The WHINING is coming exclusively from you posts just like this one. I really do not care about your opinion nor about your obsessive need to follow me around and nitpick about my posts.

    Perhaps this will help in your understanding

    I Don't Care - YouTube
    Haymarket, you need to understand the difference between going after a bad post and going after you. I went after what you said. I made no comment about you. I will not be baited by you. I will call you out for remarks that are bad arguments. Want that to stop? Stop making bad arguments.

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