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

  1. #821
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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
    They provide some replacement employment for jobs that walmart wipes out.


    1. Wal-Martís Economic Impacts: Net Loss of Jobs, Fewer Small Businesses

    Wal-Mart store openings kill three local jobs for every two they create by reducing retail employment by an average of 2.7 percent in every county they enter.
    Wal-Martís entry into a new market does not increase overall retail activity or employment opportunities. Research from Chicago shows retail employment did not increase in Wal-Martís zip code, and fell significantly in those adjacent.
    Wal-Martís entry into a new market has a strongly negative effect on existing retailers. Supermarkets and discount variety stores are the most adversely effected sectors, suffering sales declines of 10 to 40% after Wal-Mart moves in.

    Stores near a new Wal-Mart are at increased risk of going out of business. After a single Wal-Mart opened in Chicago in September 2006, 82 of the 306 small businesses in the surrounding neighborhood had gone out of business by March 2008.

    The value of Wal-Mart to the economy will likely be less than the value of the jobs and businesses it replaces. A study looking at the estimating the future impact of Wal-Mart on the grocery industry in California found that, ďthe full economic impact of those lost wages and benefits throughout southern California could approach $2.8 billion per year.Ē

    Chain stores, like Wal-Mart send most of their revenues out of the community, while local businesses keep more consumer dollars in local economy: for every $100 spent in locally owned businesses, $68 stayed in the local economy while chain stores only left $43 to re-circulate locally.

    New Study: Wal-Mart Means Fewer Jobs, Less Small Businesses, More Burden on Taxpayers | NYC Public Advocate
    Why SHOULD stores with higher costs and higher prices stay in business???
    Zionism is the National Liberation Movement of the Jewish People.

  2. #822
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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
    A corporation is granted charter to operate within a state, a state govt (representative of the citizens) can and does set requirements that the corporation must use to operate within the charter granted. Nearly every state has minimum wage laws, so yes Virginia, a "consumer" citizen can tell a corporation what it must pay.

    Your comment was a nonsequitur to my quoted post.
    The issue isn't whether or not minimum wage laws are legal, they are, but the issue is whether or not they make economic sense.
    Zionism is the National Liberation Movement of the Jewish People.

  3. #823
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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
    I am still waiting for you to explain this "protecting" of Union wages by the minimum wage. If a minimum wage rises, it gets closer to a Union wage....so how is the Union wage "protected"?

    You have neither defined the "protection" or shown the mechanism.
    The minimum wage reduces competition from lower cost labor. Do you not see that?
    Zionism is the National Liberation Movement of the Jewish People.

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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 Bonzai View Post
    You obviously are an infrequent Walmart shopper. The fact that one isn't paid to cart away the trash rather than having to pay for the trash is the problem.......................
    Are you claiming that consumers are somehow forced to shop at Wal*Mart?
    Zionism is the National Liberation Movement of the Jewish People.

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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 wbcoleman View Post
    The issue isn't whether or not minimum wage laws are legal, they are, but the issue is whether or not they make economic sense.
    They do.

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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
    They do.
    If your goal is to reduce employment, absolutely!
    Zionism is the National Liberation Movement of the Jewish People.

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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 wbcoleman View Post
    The minimum wage reduces competition from lower cost labor. Do you not see that?
    The government forced open shop to benefit management so it foces min wage to benefit labor. That is fair.

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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
    The government forced open shop to benefit management so it foces min wage to benefit labor. That is fair.
    Do you mean to say that unions can't succeed without the use of coercion?
    Zionism is the National Liberation Movement of the Jewish People.

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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 pbrauer View Post
    There many communities that don't like their strong arm tactics and try to keep them out. ,
    Quote Originally Posted by wbcoleman View Post
    See, if the residents of these communities really didn't want them they wouldn't shop there. If so, the stores would be unprofitable. Is that what happens?
    The problem with many of these communities is that a large retail store causes traffic patterns, traffic lights, signs which is very expensive.

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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 wbcoleman View Post
    Do you mean to say that unions can't succeed without the use of coercion?
    That is like saying business can't succeed without coercion.

    Both sides got a law passed.

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