Mustachio said:
lpast said:
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.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...
You are confusing labor value with employee demands. Again, I can literally grab someone off the street and ask if they want to be a carter or greeter, cashiers are a semi-skilled labor force so I can pick from about 75 percent of the labor market. There is no leverage, if they don't like their situation, with all due respect tough ****.
First piece of advice, for what it's worth. Don't think about "class" rather think about individual labor value, if people are willing to accept "good enough" they will be paid that value, it's only when an individual comes to the conclusion that "Hey, I can be a success if I learn from those at the top, I want that too" that people start to climb.
Incorrect, there are positions that can be streamlined into others, there are positions that can be eliminated. Again, if I can grab a guy off the street to do a person's job their leverage is 0.
Being serious here, thank you for the vote of confidence. That said, think about why those jobs are moving overseas. The better jobs like manufacturing, tech help, etc. have been artificially overvalued here, that's a problem, people here want more than competitive countries and with our regulatory nature and those associated costs something has to give. All that said, if I start my percussion company I want to do it here in La. and with American labor, we(Americans) are the best, we do the best work as a rule, and honestly I would put my patriotism to the test to make that happen. But if I have to pay a person 300% more to buff a drum shell there is a breaking point. This is where the choice is becoming limited, rules from D.C. are automatically making American labor uncompetitive, I hate it, but it's economic reality.
Goes back to overvaluation. Is a tech worth 9$/hr. when a person in India will do it for 2$/hr. with the same competence?
I went from making an average of 15$/hr. to whatever the market would bear selling insurance, took a radio gig to lighten the financial burden, got burned out and am looking to get into a completely different field now. I understand what it takes to "make it" but also understand that if I'm not the guy in charge certain concessions have to be made on my part. The offensive thing here is people who are employees feeling entitled to the same perks as investors and management(their immediate employers)
Disagree. Walmart has had a long list of applicants in every type of market, many of their district managers started by sweeping floors(Sam Walton's book), the fact is when you want to move up in a company you learn how it works, the internals, who is owed money, and how to best fulfill the mission statement. The employees who typify what an organization wants to be will move up, those who feel entitled will stagnate.