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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 Jack Hays View Post
    Wal-Mart is a symptom of the hollowed out manufacturing sector, not a cause. WM is a market solution to the problem of declining disposable income, and now those who presume to speak for the poor are determined to block it in order to satisfy their own sense of social commitment. Pure hypocrisy in action.
    here are 10 ways Walmart has facilitated America’s industrial decline:

    1. Buying billions of goods that weren’t made in America.
    The vast majority of merchandise Walmart sells in the U.S. is manufactured abroad. The company searches the world for the cheapest goods possible, and this usually means buying from low-wage factories overseas. Walmart boasts of direct relationships with nearly 20,000 Chinese suppliers,[iv] and purchased $27 billion worth of Chinese-made goods in 2006.[v] According to the Economic Policy Institute, Walmart’s trade with China alone eliminated 133,000 U.S. manufacturing jobs between 2001 and 2006 and accounted for 11.2 percent of the nation’s total job loss due to trade.[vi] But China is hardly the only source of Walmart goods: the company also imports from Bangladesh, Honduras, Cambodia, and a host of other countries.

    2. Pushing U.S. companies to move their factories overseas.
    With $419 billion in annual net sales, Walmart’s market power is so immense that the even the largest suppliers must comply with its demands for lower and lower prices because they cannot afford to have their goods taken off its shelves. Companies that used to manufacture products in the United States, from Levi’s jeans to lock maker Master Lock, were pressured to shut their U.S. factories and moved manufacturing abroad to meet Walmart’s demand for low prices.[vii]

    3. Making it easier for other U.S. retailers to buy from foreign factories.
    Walmart was a leader in sourcing goods overseas, establishing a centralized purchasing system, technological infrastructure, and linkages to foreign factories that other companies imitated and built on. While researchers find that Walmart still imports disproportionately more goods than other apparel retailers,[viii] its innovations accelerated the use of offshore suppliers by its competitors, speeding the loss of American manufacturing jobs.

    4. Forcing layoffs among its U.S. suppliers.
    Even when Walmart products are made in the United States, manufacturing jobs still get eliminated as suppliers cut costs to meet Walmart’s demands for low prices. A spokesman for the National Knitwear and Sportswear Association noted that producing goods for Walmart “forces domestic manufacturers to compete, often unrealistically, with foreign suppliers who pay their help pennies on the hour.”[ix] A Walmart spokesperson admitted that this was the point of the company’s efforts to buy domestic goods: “one of our big objectives was to put the heat on American manufacturers to lower prices.”[x] Even as manufacturing costs increase, Walmart demands that suppliers’ prices go even lower, a dynamic that helped push Kraft Foods to plan the closure of 39 factories and lay off 13,500 workers. [xi]

    5. Promoting domestic sweatshops.
    Layoffs aren’t the only way manufacturers contrive to meet the low prices Walmart demands. Walmart’s domestic suppliers lower wages, cut benefits, aggressively fight employee efforts to unionize and bargain collectively, and skimp on worker comfort and safety. For example, Louisiana seafood processor C.J.’s Seafood, which sells an estimated 85 percent of its processed crawfish to Walmart, has recently come under scrutiny for allegedly abusing employees working in the U.S. on temporary immigrant visas (known as guestworker visas).[xii] A complaint to the U.S. Department of Labor claims that the Walmart supplier “engaged in extremely coercive employment related actions, including forcing guestworkers to work up to 24-hour shifts with no overtime pay, locking guestworkers in the plant to force them to continue to work, threatening the guestworkers with beatings to make them work faster, and threatening violence against the guestworkers’ families in Mexico after workers contacted law enforcement for assistance.”[xiii]




    6. Squeezing U.S. manufacturers out of business.
    Walmart’s unrelenting push for low prices eats into the profit margins of its U.S. suppliers, often weakening companies in the process. Journalist Charles Fishman provides a vivid example: Walmart provided 30 percent of Vlasic Pickles’ overall business and insisted that if the company did not allow Walmart to sell a gallon jar of pickles for the ruinously low price of $2.97, they would stop buying Vlasic’s other products. “The pickle maker had spent decades convincing consumers that they should pay a premium for its brand. Now Walmart was practically giving them away.”[xiv] According to Fishman, Vlasic’s profit margin from pickles shrunk 25 percent or more. Nor is Vlasic alone in seeing its business cannibalized by Walmart: of the top ten companies supplying Walmart in 1994, four sought bankruptcy protection by 2006.[xv]

    7. Discouraging American innovation.
    By squeezing its suppliers, Walmart leaves companies without the resources to make new investments in research and development. And once companies become dependent on Walmart as a massive purchaser, their greatest incentive is to keep producing the products Walmart has decided to sell, making it unnecessary and unprofitable to innovate.

    8. Driving competitors to squeeze manufacturing.
    If discount retailers like Target and Kmart want to remain competitive with Walmart, they must demand similarly low prices from suppliers. As a result, the pressures pushing down costs and propelling the elimination of American manufacturing jobs are magnified.

    9. Lobbying for policies that make it easier to move U.S. jobs overseas.
    According to the non-profit Center for Responsive Politics, Walmart spent $7.8 million on lobbying in 2011 alone.[xvi] While this money was paid to influence a range of legislation, from promoting corporate tax cuts to opposing a bill to guarantee paid sick time to working people, trade policy was among the issues Walmart lobbied on most aggressively. In fact, Walmart has lobbied to make it easier to push American jobs out of the country for years, playing a key role in in lobbying for NAFTA in the early 1990s.[xvii]

    10. Making growing inequality the accepted norm
    Walmart has set the template for today’s economy: one in which increased economic productivity is not shared with working people, and the vast inequality that this creates is seen as normal. Today the six members of the Walton family who inherited the Walmart fortune enjoy wealth equal to that of the least-wealthy 30 percent of Americans combined.[xviii] These billionaires are the ultimate beneficiaries of Walmart’s push to cut costs, condemning retail employees to work in poverty and American factory workers to unemployment.

    Walmart is the nation’s largest employer and one of America’s most profitable companies, netting $15.7 billion in profits in 2011.[xix] With the great resources at its disposal, Walmart could afford to take the high road, supporting good manufacturing jobs in America by allowing for higher wages and more investment in its supply chain and paying its own employees – from retail “associates” to warehouse workers and cleaning contractors – a living wage. That would set the template for a new American economy, one in which Americans might once again “make things” and also find greater dignity and stability in selling them.

    NOT Made in America: Top 10 Ways Walmart Destroys US Manufacturing Jobs | Demos
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    If you wanna know why Trumpsters are ignoring you its for the same reason you ignored the KKKs complaints about Obama.
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    When it comes down to it, all facts are cherry picked.
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    He didn't say it didn't make sense. He said it is complete nonsense.

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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 Jack Hays View Post
    I never claimed the Walton's set out to create a solution. The Waltons set out to create a successful business. The fact that that successful business meets a need and solves a problem is the definition of a market solution. Like the old saying goes: private vice is often public virtue.
    Since the leftists have made Wal-Mart the target for higher minimum wages, I have seen so many negative articles about Wal-Mart, including one today on Yahoo about a worker who claimed she was fired for telling a customer it was harmful to leave his dog in a parked car with the windows rolled up when it's as hot as it is! True or not, that topic is guaranteed to anger a lot of people, which is why it is making the headlines, IMO! Way to go, MSM, demonizing a business to further an agenda! :

    Good afternoon, Jack!

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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 polgara View Post
    Since the leftists have made Wal-Mart the target for higher minimum wages, I have seen so many negative articles about Wal-Mart, including one today on Yahoo about a worker who claimed she was fired for telling a customer it was harmful to leave his dog in a parked car with the windows rolled up when it's as hot as it is! True or not, that topic is guaranteed to anger a lot of people, which is why it is making the headlines, IMO! Way to go, MSM, demonizing a business to further an agenda! :

    Good afternoon, Jack!
    If that story is true, why should it not reflect badly on Walmart?
    Quote Originally Posted by trouble13 View Post
    If you wanna know why Trumpsters are ignoring you its for the same reason you ignored the KKKs complaints about Obama.
    Quote Originally Posted by Moderate Right View Post
    When it comes down to it, all facts are cherry picked.
    Quote Originally Posted by Bodhisattva View Post
    He didn't say it didn't make sense. He said it is complete nonsense.

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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 polgara View Post
    Since the leftists have made Wal-Mart the target for higher minimum wages, I have seen so many negative articles about Wal-Mart, including one today on Yahoo about a worker who claimed she was fired for telling a customer it was harmful to leave his dog in a parked car with the windows rolled up when it's as hot as it is! True or not, that topic is guaranteed to anger a lot of people, which is why it is making the headlines, IMO! Way to go, MSM, demonizing a business to further an agenda! :

    Good afternoon, Jack!
    Any business that pays it's employees so poorly that the public has to subsidize their existence should have their business license revoked.

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

    Good for Walmart.

    Companies should be able to pay their employees any amount they want.

    1 cent an hour or 1 billion an hour.

    No one is being forced to work there.



    Btw - I guess I am now against a national minimum wage...I was on the fence before.

    Interesting.

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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 Sisyphus View Post
    Actually they're not mutually fulfilling. Sam Walton was a clever and industrious guy, who when FW Woolworth pulled the franchise out from under him, opened his own store. Then he had an epiphany: if he drove a couple hundred miles at night and acquired inventory at lower cost, he could open the next day and undercut his competition with ease while they we're still standing on their heels. And thus, Walmart has always based their business model on acquiring goods at lower cost than their competition, seeing early on that Chinese manufacture was the future and the cat's friggin pajamas for a retailer (dirt cheap inventory).

    Now to wages: no company wants to pay more than they have to. Walmart is no different and not wrong in wanting to maximize profit. So they'll fight collective bargaining, right along with McDonald's, Home Depot, JC Penny etc, etc. But Walmart can actually thrive since they serve low wage workers best, and they can even feel good about themselves: people are making less; thankgod for us since we allow them to live with less.

    But as for the market as a whole, it's a friggin nighmare. Small businesses are sucking wind, and starting a small business today borders on quixotic. People simply haven't the disposable income they did, pre-Great Recession. The bottom 90% are buying need and not want items, which by the way, Walmart is the very best at serving. (need items for less than their competition can compete at.)

    Are you seeing the dynamic?
    except they don't actually have lower prices.

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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 DA60 View Post
    Good for Walmart.

    Companies should be able to pay their employees any amount they want.

    1 cent an hour or 1 billion an hour.

    No one is being forced to work there.
    Except that unless a person is paid enough to exist the tax payers end up footing the bill.

    Why the hell should you or I have to pay for an employee's entitlements because some billionaire is too greedy to pay his employees enough to exist on for an honest days work?

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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 blaxshep View Post
    Except that unless a person is paid enough to exist the tax payers end up footing the bill.

    Why the hell should you or I have to pay for an employee's entitlements because some billionaire is too greedy to pay his employees enough to exist on for an honest days work?
    Because the right worships money and authority.

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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 Gimmesometruth View Post
    If that story is true, why should it not reflect badly on Walmart?
    C'mon, Gimmiesometruth, with thousands of stores, and even more thousands of employees, am I really to believe that this particular store is so uncaring about both their employees and the safety of animals that it warrants national coverage? : It does make people angry, though, but will that result in fewer sales, when Mal-Mart is a big supporter of animal charities? Time will tell.

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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 blaxshep View Post
    Except that unless a person is paid enough to exist the tax payers end up footing the bill.

    Why the hell should you or I have to pay for an employee's entitlements because some billionaire is too greedy to pay his employees enough to exist on for an honest days work?
    Because I am against massive government social programs.

    I say drop all welfare programs (except for the mentally/physically handicapped) and replace it all with regional government shelters where you get emergency food/shelter/medical/dental (full medical/dental for children).

    Not good enough for people?

    Then use charities.

    Still not good enough for people?

    Then they die.


    I believe governments should help those that cannot help themselves...not guarantee them a decent quality of life (by sitting on their asses) that most in the world only dream of.

    Keep them alive, safe and reasonably healthy.

    If they want more...they can get it themselves.

    If they won't...tough.
    Last edited by DA60; 07-12-13 at 05:28 PM.

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