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Thread: Walmart Gives 500,000 Workers A Raise

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    Re: Walmart Gives 500,000 Workers A Raise

    Wal Mart prices going up.

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    Re: Walmart Gives 500,000 Workers A Raise

    Quote Originally Posted by imagep View Post
    No, but we aren't talking about unemployed people are we? And Walmart didn't just announce a massive layoff did they?
    We are talking about unemployed people. And no, Wal-Mart probably structured this so as to avoid laying off many or even a noticeable amount of those who are already hired - far more likely is that this was done in conjunction with planning to reduce future hiring.

    This is an example of that which is seen V that which is not seen.

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    Re: Walmart Gives 500,000 Workers A Raise

    Quote Originally Posted by imagep View Post
    "Worth" is subjective. If an employee can create $12/hr in production, then they are certainly "worth" $10/hr.
    That's interesting. So you believe that there are no such things as tax, benefit, or regulatory costs that come along with workers?

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    Re: Walmart Gives 500,000 Workers A Raise

    Quote Originally Posted by cpwill View Post
    That's interesting. So you believe that there are no such things as tax, benefit, or regulatory costs that come along with workers?
    Workers are certainly a hassle. But you need a certain number of them to do the job. But never take more than you need. That can cost you the homestead in the next drought.

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    Re: Walmart Gives 500,000 Workers A Raise

    Quote Originally Posted by joG View Post
    Workers are certainly a hassle. But you need a certain number of them to do the job. But never take more than you need. That can cost you the homestead in the next drought.
    If I can hire 10 workers at 7.50 an hour to do the job, it costs me $750/hour (plus other costs associated with labor, say, raising it to $1,000 per hour) to do the job. It also increases my liability risks.

    However, if it would cost me $11500/hour to develop and employ machines to replace them, then hey, it's worth it.

    When all those workers get their pay raised to $10/hour, meaning that my full cost of labor is now 1350/hour for having people do the work..... suddenly the capital investment is more profitable than the human investment.

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    Re: Walmart Gives 500,000 Workers A Raise

    Quote Originally Posted by jmotivator View Post
    Thanks, Obama.
    Thanks banksters.
    Don't work out, work in.

    Never eat anything that's served in a bucket.

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    Re: Walmart Gives 500,000 Workers A Raise

    Quote Originally Posted by cpwill View Post
    If I can hire 10 workers at 7.50 an hour to do the job, it costs me $750/hour (plus other costs associated with labor, say, raising it to $1,000 per hour) to do the job. It also increases my liability risks.

    However, if it would cost me $11500/hour to develop and employ machines to replace them, then hey, it's worth it.

    When all those workers get their pay raised to $10/hour, meaning that my full cost of labor is now 1350/hour for having people do the work..... suddenly the capital investment is more profitable than the human investment.
    Sure. I know that. You know that. But there are sure a lot of people that don't seem to understand that you will look for a new solution, if the old one goes up in price.

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    Re: Walmart Gives 500,000 Workers A Raise

    Quote Originally Posted by jmotivator View Post
    Cashier value is not base don the number of dollars they process, but their error rate. If a cashier processes $5,000 in sales in an 8 hour shift at $7/hour and has a 1% error rate then their total cost is $56 salary + $50 loss for a total cost of $106 (not counting taxes and benefits). If they raise they raise their standards for cashiers in order to reduce the loss rate to, say a third of a percent and pay $10/hour for those cashiers then they pay $80+$16.5 = $96.50. Unfortunately the $7/hour cashier is out of a job as they don't meet the new criteria. Walmart could easily start asking for high school diplomas and expensive background checks for their cashiers to increase the quality.... OR they can do what everyone else in the world is doing and switch to automated tellers where even a 2% error rate ends up costing less than employing a human.
    Cashiers are valued based on productivity, error rates is a factor of productivity, as is the friendlyness of the cashier to the customer, etc. Places that I have worked for would fire a cashier that wasn't accurate, and no cashier ever got raises based upon accuracy, accuracy is pretty much automatically expected.

    Not angry in the slightest. I am just pointing out that unskilled workers are easily replaceable and paying them more doesn't make them any more valuable, just more expendable.
    They are only expendable to the point that the company can hire and train new "unskilled workers" in plentiful quantity at the price that the company currently pays. It costs money to hire and train people, even for low skilled jobs (these days there really aren't many "unskilled" jobs as most employers expect that employees can at least read and right and add and subtract, and even being pleasant and patient with customers is a skill that has value). As the labor market continues to tighten, compensation rates will continue to rise.
    Quote Originally Posted by ocean515 View Post
    ...I'm not interested in debating someone who is trolling for an argument....
    Quote Originally Posted by Papa bull View Post
    I see a big problem with the idea that whatever the majority wants is OK.

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    Re: Walmart Gives 500,000 Workers A Raise

    Quote Originally Posted by jet57 View Post
    Unions are working very hard to get people off of public assistance. I guess you want people earning peanuts, if anything and on the dole so you can gripe about how lazy they are.
    spare me the propaganda and lies...

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    Re: Walmart Gives 500,000 Workers A Raise

    Quote Originally Posted by jet57 View Post
    California's In & Out Burgers have been using that same ideological perspective for many years now and it's worked quite well for them. No wlamrt is going to use the same ideological perspective adn watch it work for them.

    You're just sour grapes about it.
    what makes you think I have sour grapes?... be specific.

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