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Thread: Walmart says it will kill plans to build 3 new stores if DC wage bill passes

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    Re: Walmart says it will kill plans to build 3 new stores if DC wage bill passes

    Quote Originally Posted by Fenton View Post
    Thanks to Bernakes endless QE, Banks don't pay interest
    That wasn't my point - my point was that there are better investments out there that yield higher returns.

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    Re: Walmart says it will kill plans to build 3 new stores if DC wage bill passes

    Quote Originally Posted by Μολὼν λαβέ View Post
    I know you what to believe but that opinion isn't reality. Employers won't hire the same number of higher minimum wage employees as they would if the minimum wage was at a lower rate. Remember, minimum wage employees have few skills, because that's what the job requires. So why would an employer hire the same number of employees at a higher rate of pay to perform the same menial tasks? They wouldn't. How would it benefit the business? It wouldn't.

    Higher rate wages for minimum wage employees would cause the price of goods or services to go up. Some of those services or products would no longer be required as more people would then have to be more selective how they spent their disposable income. When that happens fewer goods and services will be purchased, fewer people will be hired, and some businesses will fold.



    Raising the Minimum Wage Will Not Reduce Poverty



    Raising minimum wage won't lower poverty - CNN.com
    Costco pays well and doesn't have higher prices. Same for Whole foods. HEB. Those three companies are profitable.

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    Re: Walmart says it will kill plans to build 3 new stores if DC wage bill passes

    Quote Originally Posted by captainawesome View Post
    Yes Walmart should leave until they become an ethical business that follows community standards.

    Costco pays well and provides good insurance. They are very profitable. So the community does understood how a good economy works. Get rid of those who cheat and exploit.
    Everyone who works at WalMart does so of their own free will. Also, you know how this works...please provide evidence that WalMart "cheats and exploits".
    "Liberalism is a doctrine fostered by a delusional and illogical people and rabidly promoted by the mainstream media and ruling elite which holds forth the proposition that it is entirely possible to pick up a turd by the clean end." - unknown

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    Re: Walmart says it will kill plans to build 3 new stores if DC wage bill passes

    Quote Originally Posted by captainawesome View Post
    Walmart returns over 5% On average. That is a great return. Far more than Bond rates or a savings account. What are cd paying now? less than 2%.
    Not at $78.00 a share.

    That's like buying a $78.00 scratch lottery ticket with a "chance" of winning $80-82.00...

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    Re: Walmart says it will kill plans to build 3 new stores if DC wage bill passes

    Quote Originally Posted by The Baron View Post
    Everyone who works at WalMart does so of their own free will. Also, you know how this works...please provide evidence that WalMart "cheats and exploits".
    Here is proof of lack of ethics and wage theft.

    http://www.nytimes.com/2004/01/18/us...ted=all&src=pm

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    Re: Walmart says it will kill plans to build 3 new stores if DC wage bill passes

    I've been thinking about minimum wage a lot lately and I believe there are many small business, large businesses too, who rely on teenagers and college students working in the summers and seniors supplementing their retirement incomes or just keeping active. As a result, a minimum wage that is two high could curtail access to such jobs to these two segments of the employment pool.

    What would be the harm in having a differentiated minimum wage? Either one that separates full time employment from part-time pastimes, or one that considers a lesser wage for younger people with little or no experience and seniors without a need for career building or primary income?
    "Liberals claim to want to give a hearing to other views, but then are shocked and offended to discover that there are other views." William F. Buckley Jr.

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    Re: Walmart says it will kill plans to build 3 new stores if DC wage bill passes

    Quote Originally Posted by captainawesome View Post
    Costco pays well and doesn't have higher prices. Same for Whole foods. HEB. Those three companies are profitable.
    Most companies are profitable - if they weren't they wouldn't exist....

    The real question is weather or not the profits are enough to justify a businesses doing business.

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    Re: Walmart says it will kill plans to build 3 new stores if DC wage bill passes

    Quote Originally Posted by trfjr View Post
    do you know how many jobs 6 Walmart stores would provide? do you know the youth unemployment rate in DC is at 50%? would you rather make 8.50 an hour or 0 an hour? you liberal are like a starving man that was given food and then he complains it was hamburger and not a steak

    if i was Walmart i would say the hell with DC and go places where people appreciate the jobs and the low prices
    Hmm, $8.50 per hour for a 40 hour week? That’s $340 a week, or $1360 gross a month. I can live with that right?

    After all deductions (between - ⅓ of gross for various taxes, Social Security, etc.) of about $400.00, that leaves me with $960.00.

    Lets see, average rent for a 1 bedroom in D.C. is $1617.00 a month.
    Average Rent In Washington, Washington Rent Trends and Rental Comps

    Definitely can’t afford that, so let’s say I can find a “C-level” apartment for $600.00 available somewhere in surrounding Maryland and Virginia. (Class C properties were built within the last 30 to 40 years. They generally have blue-collar and low- to moderate-income tenants, and the rents are below market.) Apartment - Wikipedia, the free encyclopedia

    That leaves me with $360.00 for all other expenses. Hmmm. Electricity and gas…$45 - $55 a month depending on time of year (cold weather/hot weather), so we’ll average that to $50.00.

    Now I’m at $310.00. but according to this I’d need $348.92 a month if I bought and prepared all my own food and maintained a healthy diet! Food Prices in Washington, DC, United States

    Shoot! Hmmm, maybe I overestimated my tax burden…if I cheat a little on my W-2 I can maybe bring it down to only $300 in deductions…pay it back at the end of the year with savings. Yeah, so I get $100 more, and $61.00 in disposable income.

    I still need to get to and from work. The Metro train fares range from $1.70 to $5.75 and bus fares start at $1.60 one way if I get a “SmarTrip card. Gee, that means even if I live close I’d need $3.20 a day round trip for work. At 5 days a week…that’s $64.00! Metro - Fares - Metrobus (follow link to rail fares also).

    I guess I can try walking several hours, put in some gas money for a ride, or buy a bike…hope I don’t need to shave or buy clothes, or anything.

    EXCEPT…Full-time Wal-Mart employees work 28 -40 hours, 1/3 of all employees are part-time, working under 28 hours, and they are beginning to replace full-timers with “temps” in another effort to eliminate benefit requirements. PBS - STORE WARS: Wal-Mart Business Practices and Exclusive - Wal-Mart's everyday hiring strategy: Add more temps | Reuters

    I can only HOPE I get to be one of the “full-timers” getting 40 hours a week.
    Last edited by Captain Adverse; 07-10-13 at 02:18 PM.
    If I stop responding it doesn't mean I've conceded the point or agree with you. It only means I've made my point and I don't mind you having the last word. Please wait a few minutes before "quoting" me. I often correct errors for a minute or two after I post before the final product is ready.

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    Re: Walmart says it will kill plans to build 3 new stores if DC wage bill passes

    Quote Originally Posted by Mr.Nick View Post
    Most companies are profitable - if they weren't they wouldn't exist....

    The real question is weather or not the profits are enough to justify a businesses doing business.
    HEB, Whole Foods, and Costco are all growing rapidly and making high return.

  10. #180
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    Re: Walmart says it will kill plans to build 3 new stores if DC wage bill passes

    Quote Originally Posted by Captain Adverse View Post
    Hmm, $8.50 per hour for a 40 hour week? That’s $340 a week, or $1360 gross a month. I can live with that right?

    After all deductions (between - ⅓ of gross for various taxes, Social Security, etc.) of about $400.00, that leave me with $960.00.

    Lets see, average rent for a 1 bedroom in D.C. is $1617.00 a month.
    Average Rent In Washington, Washington Rent Trends and Rental Comps

    Definitely can’t afford that, so let’s say I can find a “C-level” apartment for $600.00 available somewhere in surrounding Maryland and Virginia. (Class C properties were built within the last 30 to 40 years. They generally have blue-collar and low- to moderate-income tenants, and the rents are below market.) Apartment - Wikipedia, the free encyclopedia

    That leaves me with $360.00 for all other expenses. Hmmm. Electricity and gas…$50 - $70 depending on time of year (cold weather/hot weather), so we’ll average that to $60.00.

    Now I’m at $300.00. but according to this I’d need $348.92 a month if I bought and prepared all my own food and maintained a healthy diet! Food Prices in Washington, DC, United States

    Shoot! Hmmm, maybe I overestimated my tax burden…if I cheat a little on my W-2 I can maybe bring it down to only $300 in deductions…pay it back at the end of the year with savings. Yeah, so I get $100 more, and $51.00 in disposable income.

    I still need to get to and from work. The Metro train fares range from $1.70 to $5.75 and bus fares start at $1.60 one way if I get a “SmarTrip card. Gee, that means even if I live close I’d need $3.20 a day round trip for work. At 5 days a week…that’s $64.00! Metro - Fares - Metrobus (follow link to rail fares also).

    I guess I can try walking several hours, put in some gas money for a ride, or buy a bike…hope I don’t need to shave or buy clothes, or anything.

    EXCEPT…Full-time Wal-Mart employees work 28 -40 hours, 1/3 of all employees are part-time, working under 28 hours, and they are beginning t replace full-time with “temps” in another effort to eliminate benefit requirements. PBS - STORE WARS: Wal-Mart Business Practices and Exclusive - Wal-Mart's everyday hiring strategy: Add more temps | Reuters

    I can only HOPE I get to be one of the “full-timers” getting 40 hours a week.
    "Average rent" can be deceiving.

    Here in Chicago rent can be anywhere between $20,000 a month to $300.00 a month with the majority of places being 400-1,200 a month...

    Those ridiculously expensive places raise the average quite a bit.

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