• This is a political forum that is non-biased/non-partisan and treats every person's position on topics equally. This debate forum is not aligned to any political party. In today's politics, many ideas are split between and even within all the political parties. Often we find ourselves agreeing on one platform but some topics break our mold. We are here to discuss them in a civil political debate. If this is your first visit to our political forums, be sure to check out the RULES. Registering for debate politics is necessary before posting. Register today to participate - it's free!

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

captainawesome said:
They don't make enough to pay taxes. They make little enough to get government help.
Click to expand...

This is typically the case for the "bread winner" of a typical family of four or more (mom, dad/mom, mom/dad, dad, and the two kids).
 
The Baron said:


You’ve got that right! They are “job creators”. They pay wages, provide medical benefits and provide a valued service to the community.
Click to expand...


I am not a job creator. My customers are. Try running a business and you'd realize that pretty quickly.

This as opposed to the government which takes money away under threat of force from working people and redistributes it in the form of government jobs which all too often create nothing more than a bureaucracy while providing little or no service to the community.
Click to expand...

:roll: A little dramatic, as usual. By the way, when Walmart pays crap, we as taxpayers end up subsidizing the differences in the form of SNAP, TANF, etc. Why are you supporting Walmart's taking advantage of big scary socialism?

I disagree. Why invite this amount of abuse over a simple threat. In real life you do not make a claim like this unless you intend to carry it through.
Click to expand...

An attempt to influence legislation. Walmart doesn't want to pay its employees more, because that cuts into profits. Do you really not see their vested interest in blocking the legislation?


Wages, like inventory, make-up a huge percentage of any corporations expenditures and a near 50% increase in wages is going to have a huge impact on their bottom-line. Any responsible corporation is going to have to take that into account when deciding if they are going to be able to actively and fairly compete in the local market-place because that’s what “job creators” do!
Click to expand...

In Walmarts case, this is not correct.
 
Last edited:
captainawesome said:
People will sacrifice if they think it is mutual with management. United Airline and Continental employees did. So have many others. Ford employees helped that company turn around.
Click to expand...

These people jock cash registers, stock clothing and mop-up puke - they don't fly airplanes or build cars....

We're talking about entry level jobs here not actual careers that pay employees 20+ an hour + benefits...
 
Kushinator said:
You responded with "not true" to a post which showed WalMart earning a profit.

None the less, they have a strong balance sheet with a better earnings multiple than their market (NYSE) average.
Click to expand...

I didn't respond with "not true" I responded with and implied that investing in walmart is a risk and not even worth it given walmarts minimal growth.

A 1% quarterly return on a stock is not that good, especially when shares are $75.00 a pop.
 
captainawesome said:
People making 50k pay taxes. I have read the income table and 50k pays in.
Click to expand...

Nearly 22% of those making between $50,000 and $75,000 end up with no federal income tax liability or negative liability as do 9% of households with incomes between $75,000 and $100,000....The vast majority of households making up to $30,000 fall into the category, as do nearly half of all households making between $30,000 and $40,000.
Click to expand...

There's a hellofa lot more to our tax structure than "the tables."

47% of households owe no tax - and their ranks are growing - Sep. 30, 2009
 
Mr.Nick said:
I didn't respond with "not true" I responded with and implied that investing in walmart is a risk and not even worth it given walmarts minimal growth.

A 1% quarterly return on a stock is not that good, especially when shares are $75.00 a pop.
Click to expand...

1% was the growth not the return. Walmart is still a buy.
 
Deuce said:
A little dramatic, as usual. By the way, when Walmart pays crap, we as taxpayers end up subsidizing the differences in the form of SNAP, TANF, etc. Why are you supporting Walmart's taking advantage of big scary socialism?
Click to expand...

WalMart does not pay “crap”. They pay what the job is worth and if you’re a 36 year-old, single mother of four and the best you can do is minimum-wage then the problem isn’t with Walmart…it’s with idiot that ends-up working for minimum-wage. [/QUOTE]

Deuce said:
In Walmarts case, this is not correct.
Click to expand...

Okay, fine. Then you know how this works. Please provide the evidence to support your claims.
 
Wiseone said:
This is just stupid:



So people who work in big stores require 12.50 an hour to have a living wage, but people who work elsewhere only require 8.50? Despite living in the same town? With similar if not the same cost of living? How does that make sense?
Click to expand...

It doesn't. Minimum wage is for kids who are still in school, and living at home. The idea is to move up in the world, not stay stagnant in the same job, demanding more pay for less work. A monkey could to a walmart employee's job, and probably outperform them on many levels.
 

Don't know if anyone else has noted this, but...

“While the bill would apply to some other retailers — such as Home Depot, Costco and Macy’s — a grandfather period and an exception for those with unionized workforces made it clear that the bill targets Wal-Mart, which has said it would open six stores, employing up to 1,800 people.”

Wal-Mart says it will pull out of D.C. plans should city mandate ‘living wage’ - The Washington Post

It would appear this “living wage” was simply an attempt by the local D.C. government to target the politically incorrect WalMart…alone.

WalMart should simply leave D.C. altogether until those idiots can figure out how a successful economy works.
 
captainawesome said:
1% was the growth not the return. Walmart is still a buy.
Click to expand...

You're right but even this isn't good enough.... One would be better off sticking their money in a bank to collect interest.

The global discount shopping behemoth came close to matching analysts' estimates with earnings per share of $1.14, a 4.6% increase over last year's first quarter.

A consensus estimate by Thomson Reuters predicted EPS of $1.15 per share.

Wal-Mart fell $1.36 to close at $78.50.
Click to expand...
 
captainawesome said:
Sure it is.


Exploitation can happen even with choice.
Click to expand...

No that kind of " exploitation" just exist to pad your agenda.

No, people have a choice of whether or not they want to shop there and they have a choice of whether or not to work there.

Wall-Mart offers people jobs and in Obama's economy thats not something to shake a stick at.

People apply there because they've made choices that limit their ability to find employment in other companies and/or fields.

Its a concept most Libs don't understand, that we're the sum total of our choices good or bad.
 
The Baron said:

Don't know if anyone else has noted this, but...

“While the bill would apply to some other retailers — such as Home Depot, Costco and Macy’s — a grandfather period and an exception for those with unionized workforces made it clear that the bill targets Wal-Mart, which has said it would open six stores, employing up to 1,800 people.”

Wal-Mart says it will pull out of D.C. plans should city mandate ‘living wage’ - The Washington Post

It would appear this “living wage” was simply an attempt by the local D.C. government to target the politically incorrect WalMart…alone.

WalMart should simply leave D.C. altogether until those idiots can figure out how a successful economy works.
Click to expand...

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.
 
Mr.Nick said:
You're right but even this isn't good enough.... One would be better off
sticking their money in a bank to collect interest.
Click to expand...

Thanks to Bernakes endless QE, Banks don't pay interest
 
Mr.Nick said:
You're right but even this isn't good enough.... One would be better off sticking their money in a bank to collect interest.
Click to expand...

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%.
 
captainawesome said:
The opposite will happen. people will make more spend more and thus create prosperity.
Click to expand...

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.

Whether measured by the poverty rate or by the earnings of low-income families, the minimum wage does not help the poor.

Higher Minimum Wages Cost jobs and Working Hours

A major reason why the minimum wage is such an ineffective anti-poverty tool is that minimum-wage hikes cause businesses to reduce the number of workers they hire and the hours they ask their employees to work. According to Neumark et al., for example:

Workers who initially earn near the minimum wage experience wage gains. But their hours and employment decline, and the combined effect of these changes on earned income suggests net adverse consequences for low-wage workers.[4]

Most estimates suggest that each 10 percent increase in the minimum wage reduces employment in affected groups of workers by roughly 2 percent.[5] Thus, raising the minimum wage to $7.25 an hour would cost at least 8 percent of affected workers their jobs. A higher minimum wage helps only those workers who actually wind up earning that wage and further disadvantages lower-income workers, who suffer fewer job opportunities and working hours. Though intended to help low-income families get ahead, the minimum wage instead costs some their jobs and others hours at work. This leaves poor families actually worse off.
Click to expand...

Raising the Minimum Wage Will Not Reduce Poverty

This news was followed by a predictable response from advocacy groups like the National Employment Law Project which suggested that an increase in the minimum wage could help lift Americans out of poverty. And not only that; in a CNN.com op-ed, a policy analyst with the group said that an increase in the minimum wage could boost the economy and create 160,000 jobs.

These claims may pass muster as applause lines at a political rally, but they can't pass the test of rigorous empirical research.
Click to expand...

Raising minimum wage won't lower poverty - CNN.com
 
captainawesome said:
1% was the growth not the return. Walmart is still a buy.
Click to expand...

If it's so great and such a "steal" then why are people hating on walmart instead of investing in the company???

Why don't these "poor people" invest? if walmart is excessively profiting off of exploitation then why not jump on the bandwagon and get rich with them? surely in a matter of years one could be a millionaire the way people speak of walmart and their "excessive profits"...
 
Fenton said:
Thanks to Bernakes endless QE, Banks don't pay interest
Click to expand...

That wasn't my point - my point was that there are better investments out there that yield higher returns.
 
Μολὼν λαβέ;1062035314 said:
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
Click to expand...

Costco pays well and doesn't have higher prices. Same for Whole foods. HEB. Those three companies are profitable.
 
captainawesome said:
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.
Click to expand...

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".
 
captainawesome said:
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%.
Click to expand...

Not at $78.00 a share.

That's like buying a $78.00 scratch lottery ticket with a "chance" of winning $80-82.00...
 
You must log in or register to reply here.
Back
Top Bottom