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Thread: WAL-MART CEO: Things Aren't Getting Better For America's Middle Class

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    Re: WAL-MART CEO: Things Aren't Getting Better For America's Middle Class

    Quote Originally Posted by Henry David View Post
    Yes, and a good start would be the paying of a decent wage, one allowing the support of a family.
    Not every wage can be a living wage, but there should be better opportunity for promotion and continuing education. If you start out with a lousy wage, there should be a clear path forward to promotion with hard work. There should be job security and better control of schedule, also. You should know when you're going to work, and have some input.

    If places like Walmart don't agree to some simple and basic improvements like that, then it's time for unions.

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    Re: WAL-MART CEO: Things Aren't Getting Better For America's Middle Class

    Quote Originally Posted by DA60 View Post
    'BENTONVILLE Arkansas (Reuters) - U.S. employers may be hiring again, but the job market's recovery is not giving ordinary consumers enough confidence to increase their spending, a top Wal-Mart <WMT.N> executive said on Monday.
    In an interview with Reuters at the retailer’s headquarters, Bill Simon, the president and chief executive officer of Wal-Mart U.S., said, “It's really hard to see in our business today … that it's gotten any better.”

    He added: “We’ve reached a point where it’s not getting any better but it’s not getting any worse – at least for the middle (class) and down."'

    Wal-Mart: US Job Rebound Not Spurring Spending - Business Insider


    So much for this great recovery...
    The economy has shrunk and there are millions of people on the outside looking in......... Of course Obama wants to import millions more of illegal aliens so he can get them government dependent so they can vote democrat...

    Also, all this insourcing is pissing me off...... Both corporations and the federal government are creating a situation where there are no jobs for US citizens. However, the pressure certainly comes from the government with their affirmative action bull****.....

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    Re: WAL-MART CEO: Things Aren't Getting Better For America's Middle Class

    The problem is that minimum wage has not kept up with inflation. This means the minimum wage in the 60s and 70s had more buying power than today. This makes paying for necessary things like rent, food and gas nearly impossible. This was not at all the case for 30 years while the minimum wage was set in place. It needs to be corrected for inflation.

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    Re: WAL-MART CEO: Things Aren't Getting Better For America's Middle Class

    Quote Originally Posted by Mr.Nick View Post
    The economy has shrunk and there are millions of people on the outside looking in......... Of course Obama wants to import millions more of illegal aliens so he can get them government dependent so they can vote democrat...

    Also, all this insourcing is pissing me off...... Both corporations and the federal government are creating a situation where there are no jobs for US citizens. However, the pressure certainly comes from the government with their affirmative action bull****.....
    Obama may want to look sympathetic to immigrants to keep the latino voting block but illegals can't vote. And the republicans won't pass a reform bill unless they get can get concessions, like more cuts to food stamps. Both sides are using that issue as a political football.

    The middle class isn't improving because corporate America has increased profitability by downsizing staff, wages, benefits and inventory. If people don't make enough money to buy their products their overall sales are going to decrease, along with their market share as bargain stores (Dollar, Big Lots, Ebay, Flea Markets etc) put the pressure on to compete.
    Einstein, "science without religion is lame, religion without science is blind."

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    Re: WAL-MART CEO: Things Aren't Getting Better For America's Middle Class

    Quote Originally Posted by rabbitcaebannog View Post
    The problem is that minimum wage has not kept up with inflation. This means the minimum wage in the 60s and 70s had more buying power than today. This makes paying for necessary things like rent, food and gas nearly impossible. This was not at all the case for 30 years while the minimum wage was set in place. It needs to be corrected for inflation.
    Although PEW studies agree with your assessment that the MW has decreased in overall buying power, by some 5.8% it also reveals that less than 20% of the workforce made MW. The breakdowns are here:

    5 facts about the minimum wage | Pew Research Center

    I think a majority of people actually can support a MW increase as long as it is not ridiculous in scope, ie; $15 per hour for fast food workers.

    typically younger people in the workforce, or transitional persons slightly older as second jobs are the MW workforce. So this hyperbole about supporting families on MW while does happen in some circumstances, is NOT the norm.
    Americans are so enamored of equality that they would rather be equal in slavery than unequal in freedom.

    Alexis de Tocqueville

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    Re: WAL-MART CEO: Things Aren't Getting Better For America's Middle Class

    You lost me jmac

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    Re: WAL-MART CEO: Things Aren't Getting Better For America's Middle Class

    Quote Originally Posted by Henry David View Post
    You lost me jmac
    Where? I possibly can help....
    Americans are so enamored of equality that they would rather be equal in slavery than unequal in freedom.

    Alexis de Tocqueville

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    Re: WAL-MART CEO: Things Aren't Getting Better For America's Middle Class

    Quote Originally Posted by imagep View Post
    Historically we have always had lot's of low skill low education folks, but somehow we managed to do a little better than third world wages.
    well, for one, we didn't import millions from the third world to compete with them.

    however, that is also not entirely accurate. a couple of centuries ago the per capita GDP of the US was about on par with sub-saharan africa. Since then we've done pretty well due to higher growth rates.

    All of which is neither here nor there. Government can abuse it's power to set the price of a thing, but it cannot actually use the power of law to fix its' worth. If you want to have 5-10x the salary of someone else who can do the job, they need to provide 5-10x the value added.

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    Re: WAL-MART CEO: Things Aren't Getting Better For America's Middle Class

    Quote Originally Posted by rabbitcaebannog View Post
    The problem is that minimum wage has not kept up with inflation. This means the minimum wage in the 60s and 70s had more buying power than today. This makes paying for necessary things like rent, food and gas nearly impossible. This was not at all the case for 30 years while the minimum wage was set in place. It needs to be corrected for inflation.
    minimum wage was not set in place 30 years ago. You are picking the point at which minimum wage was at it's apex and declaring that we should fix to that.

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    Re: WAL-MART CEO: Things Aren't Getting Better For America's Middle Class

    Quote Originally Posted by cpwill View Post
    minimum wage was not set in place 30 years ago. You are picking the point at which minimum wage was at it's apex and declaring that we should fix to that.
    I didn't say it was set thirty years ago. I said for thirty years, people making minimum wage could afford such basic things as food, rent and gas. That of course is no longer true.

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