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Thread: Walmart workers demand better wages

  1. #131
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    Re: Walmart workers demand better wages

    Quote Originally Posted by grip View Post
    If Walmart who grosses 400 billion and nets 15 billion raised employee salaries by 5 billion what would that do to Walmart in a negative fashion?
    Well, one thing it would do is increase prices immediately. Companies like walmart have responsibilities to their shareholders to return gains. So, increases like this that are avoidable, would be passed along to customers.
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    Re: Walmart workers demand better wages

    Quote Originally Posted by grip View Post
    If Walmart who grosses 400 billion and nets 15 billion raised employee salaries by 5 billion what would that do to Walmart in a negative fashion?
    It would mean less money for the shareholders, which shares are held by almost every fund you can think of. Including union pension funds. These shareholders rely on the dividends and hopefully a rise of the stock price to support their risk in their investment.
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  3. #133
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    Re: Walmart workers demand better wages

    Quote Originally Posted by MaggieD View Post
    WalMart made a profit of $15.4 billion for FY ending 1/31/11. If they unionize, that profit is gone. Unionization increases a business cost by 25-35%. Their gross profit margin is 24%. Walmart - Wikipedia, the free encyclopedia
    But if the 5 billion increase staved off unionization wouldn't that save their profits?
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  4. #134
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    Re: Walmart workers demand better wages

    Quote Originally Posted by grip View Post
    If Walmart who grosses 400 billion and nets 15 billion raised employee salaries by 5 billion what would that do to Walmart in a negative fashion?
    You need to take off 32% for dividends.
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  5. #135
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    Walmart workers demand better wages

    My first job, back in 1994, was washing dishes at a local upscale restaurant. It paid $5/hour. There wasn't even air conditioning in the kitchen, it sucked. But, it served its purpose. It provided me with my own spending money. By 1998, until I got my first real job after college, I was making $7.50/hour cooking in another unairconditioned restaurant kitchen. Hell, my first real, college grad job only paid $10/hour in 1998.

    Wal mart employees actually have it pretty good for the work that they do.

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    Re: Walmart workers demand better wages

    Quote Originally Posted by j-mac View Post
    Well, one thing it would do is increase prices immediately. Companies like walmart have responsibilities to their shareholders to return gains. So, increases like this that are avoidable, would be passed along to customers.

    Quote Originally Posted by Born Free View Post
    It would mean less money for the shareholders, which shares are held by almost every fund you can think of. Including union pension funds. These shareholders rely on the dividends and hopefully a rise of the stock price to support their risk in their investment.
    Why can't they take a little less profit and not increase prices, which would make them less competitive and cost them more profits.

    Just seems too me a little less could add to more eventually.
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    Re: Walmart workers demand better wages

    Quote Originally Posted by grip View Post
    But if the 5 billion increase staved off unionization wouldn't that save their profits?

    Unionization of WalMart is a dead issue. The UFCW is blustering, trying to force them to unionize, however, the demonstrations you saw the past week are staged. Very few if any actual WalMart workers participated. Unions are very Hamas like in their propaganda.
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    Re: Walmart workers demand better wages

    Quote Originally Posted by j-mac View Post
    Well, one thing it would do is increase prices immediately. Companies like walmart have responsibilities to their shareholders to return gains. So, increases like this that are avoidable, would be passed along to customers.

    Plus we would only pay so much for cheap imported crap.

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    Re: Walmart workers demand better wages

    Quote Originally Posted by Harry Guerrilla View Post
    You need to take off 32% for dividends.
    What's that got to do with my question?
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    Re: Walmart workers demand better wages

    Quote Originally Posted by Harry Guerrilla View Post
    If there are alternatives, labor has choices and attempts at exploitation are limited.
    Unionizing Walmart employees is just an attempt at them, creating a monopoly on labor.

    Something that would otherwise be illegal, as it is purposefully anti competitive.
    A monopoly on labor? That is silly. The labor at Wal mart is NOT what customers shop there for. What does walmart sell that you cannot get elsewhere?
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