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Thread: Walmart workers demand better wages

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    Re: Walmart workers demand better wages

    Quote Originally Posted by Fletch View Post
    I think there is a difference between wages and what you refer to as 'real wages.' Real wages are what you earn once inflation is factored in. Inflation is the result of government action, not capitalism. That the capitalist system isnt keeping up with the state induced inflation rate should be laid at the feet of political and monetary policy makers, not employers. I could, for example, give you a $1 per hour raise each year. That would be wage growth. If inflation were such that you needed a raise of $1.05 per year just to keep pace with rising prices, you would have a negative "real wage" growth. But again, that is not my fault, I am paying you more, deficits and money printing have just made what I pay you worth less.
    And yet, somehow CEOs are not only keeping pace, but exceeding the pace by a huge margin.

    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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    Re: Walmart workers demand better wages

    Quote Originally Posted by Kal'Stang View Post
    Rush is an idiot. Don't listen to him myself.
    IN any case, others do and fight to limit or end the idea of a minimum wage.

    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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    Re: Walmart workers demand better wages

    Quote Originally Posted by cpwill View Post
    Of course it provides a service, it allows you to pay for the goods that you have selected. It "costs the economy jobs" in the same way that a plow does.
    no, my friend, it doesnt.

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    Re: Walmart workers demand better wages

    Quote Originally Posted by Born Free View Post
    Bad management, unions have been losing membership for decades, I call that bad management of unions.

    Tie the golden parachute to results, I like that idea of ting pay to results, such as teachers and any worker for that matter. And further being able to fire a bad teacher. Interesting how you want to hold CEO's feet to the fire, but a bad sucking union teacher can't be fired. Even teachers who are molesters can't be fired.
    Well, they've had some help. Laws have made it harder for them and easier for business to keep them out. And frankly, the "BAD" teacher thing is over played. There are very few "BAD" trachers. And they can be fired. While it is more difficult in some places than others, including different union schools, the fact remains they can be fired, and are fired. That you take such a small percentage and try to make it your lynchpin argument says something about the strength, or lack there of, of your position.

    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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    Re: Walmart workers demand better wages

    Quote Originally Posted by MaggieD View Post
    Right you are. Our entitlement programs are designed to help exactly these people. To say that WalMart is subsidized by our entitlement programs, one must have to believe that every restaurant, every fast-food outlet, every gas station, every convenience store, every other retail store in the United States, every bowling alley, every skating rink, every (I think you get picture) are also subsidized by our entitlement programs. That would be true. And that's not a bad thing. That's a boogey-man waiting to pounce. That's the way the system was set up.
    That is a bad thing, IMHO, because people are getting very, very used to paying no FIT and receiving gov't subsidies simply to live "normally". That is the voting block that will always vote "D". After PPACA gives these folks "average" medical care insurance for 2% of their meager salaries they will be hooked for life. Can you imagine the taxpayer subisidy needed to give all minimum wage folks (those making $16K/year) PPACA insurance for all premium amounts over $320/year? If you think we have entitlement deficit problems now, just wait until the year 2020. USA, USA, USA...
    “The reasonable man adapts himself to the world: the unreasonable one persists to adapt the world to himself.
    Therefore all progress depends on the unreasonable man.” ― George Bernard Shaw, Man and Superman

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    Re: Walmart workers demand better wages

    Quote Originally Posted by Boo Radley View Post
    And yet, somehow CEOs are not only keeping pace, but exceeding the pace by a huge margin.
    Well, generally, the rich are rich because they know how to make money. But the focus should not be on how well the rich are doing, but why the middle class is struggling. They are not struggling because the rich are succeeding. They are struggling because they are struggling to keep up with the inflation that the government tells us really isnt there. The biggest blow to the middle class has come with the skyrocketing cost of energy.

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    Re: Walmart workers demand better wages

    Quote Originally Posted by randel View Post
    no, my friend, it doesnt.
    I don't know what to tell you except that you are engaging in a delusion, old friend. You are measuring that which is seen without taking into account that which is unseen. Government hiked up the price that Wal Mart paid for labor, and because labor exists on a supply/demand curve, demand then decreased. Unemployment started rising after the minimum wage increase, not after the market crash.

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    Re: Walmart workers demand better wages

    Quote Originally Posted by Boo Radley View Post
    And yet, somehow CEOs are not only keeping pace, but exceeding the pace by a huge margin.
    That is correct. As the global economy integrates and we enter the information age, intellectual labor is becoming increasingly valuable.

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    Re: Walmart workers demand better wages

    Quote Originally Posted by Kal'Stang View Post
    Its also odd how some don't see the Union bosses fault in what happened with Hostess.
    And what is the salary of that Union boss who doesn't even do as much as a CEO? How many of them are Millionaires off the dues paid by "low" paid workers?

    I guess to a Union guy, the fact that drivers couldn't unload their own trucks and that the company couldn't ship other goods on trucks delivering bread wasn't costing the company a bundle in extra pay and benefits for unneeded services.

    Most of the bitching and complaining about Walmarts pay has come since they expanded into traditional union markets without throwing a few crumbs to the unions. Of course, they don't because they don't want to go the way of Hostess, since unlike some other companies, they cannot outsource. Walmarts pay scale is not that bad in right-to-work, low cost of living states but when compared to union shops, it sucks bigtime. So who is really wrong, the Unions demanding more money and benefits than the labor market warrants or Walmart attempting to stay in business? I guess the answer lies in who's point of view you are using.
    Only a fool measures equality by results and not opportunities.

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    Re: Walmart workers demand better wages

    Quote Originally Posted by Boo Radley View Post
    IN any case, others do and fight to limit or end the idea of a minimum wage.
    Ending minimum wage would effect very few people, since almost no one makes it. WalMart for all the abuse it takes from the left starts people at nearly $1 above minimum wage as does nearly everyone else.

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