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Thread: Walmart Gives 500,000 Workers A Raise

  1. #111
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    Re: Walmart Gives 500,000 Workers A Raise

    Quote Originally Posted by joG View Post
    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.
    Sure, but in this case, the old one didn't go up in price, it went up in what Walmart was willing to pay, which indicates that most likely, they aren't planning on reducing their workforce size any time soon.
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    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 Thrilla View Post
    on average, employees cost an addition $7 / hr. (more if health insurance is involved) on top of their wages... 10 bucks an hour equates to between 17 and 18 per hour in total labor cost, per employee. ( this is also a reason why we have seen a dramatic increase in temp workers... employers aren't on the hook for the total labor cost bill)
    You are probably closer to the ballpark for their reasoning than most here. I saw an interview with the CEO of Walmart awhile back in which he discussed that they were not sure how much longer they were going to be able to provide the health insurance option they have for all their associates at the discounted rate at which they were dong it because of Obamacare mandate flooding them with new enrollments. My guess is they are going to raise wages and then shift more of the cost onto those workers as wages are a no-brainer expense whereas health insurance premiums seem subject to change in how they are treated for tax purposes.

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    Re: Walmart Gives 500,000 Workers A Raise

    Quote Originally Posted by HenryChinaski View Post
    What is the cost of living where you are? What would be the bare minimum amount that you would need to survive where you are, without any welfare?
    please define a living wage 10,20,30,40,100 dollars an hour.

    why can't people that demand a living wage say what it is.

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    Re: Walmart Gives 500,000 Workers A Raise

    Quote Originally Posted by imagep View Post
    HenryChinaski answered that question, before you even posted.
    no he didn't. he gave some other answer. that is now how businesses works. businesses work in numbers.
    how much is a living wage 10, 20, 30 40, 100 dollars an hour give a number.

    you can't scream pay a living wage and when asked what it should be go "I don't know enough that people can pay their bills."
    that is not an acceptable answer. It means you don't know what a living wage is and are making an appeal to emotion
    because it sounds good in 5 second sound bites.

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    Re: Walmart Gives 500,000 Workers A Raise

    Quote Originally Posted by imagep View Post
    Sure, but in this case, the old one didn't go up in price, it went up in what Walmart was willing to pay, which indicates that most likely, they aren't planning on reducing their workforce size any time soon.
    That didn't seem to me the question at that point of the thread. But you are right and the move is interesting.

  6. #116
    Villiage Idiot
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    Re: Walmart Gives 500,000 Workers A Raise

    Quote Originally Posted by Thrilla View Post
    on average, employees cost an addition $7 / hr. (more if health insurance is involved) on top of their wages... 10 bucks an hour equates to between 17 and 18 per hour in total labor cost, per employee. ( this is also a reason why we have seen a dramatic increase in temp workers... employers aren't on the hook for the total labor cost bill)
    Actually employers are still on the hook for the entire labor bill. Do you think that just because someone works for a temp company that there are still cost associated with that stuff? Temp agencies don't hve to pay taxes or have workers comp insurance? Temp agencies don't have to advertise for workers?

    In my county, most of the workers at BMW actually are temps. Those temps make $15/hr, and get full benefits, just as if they worked directly for BMW, and obviously BMW has to pay the temp company a good bit over that $15/hr. Having temps does not save a company on wages, but it does help the company in other ways.

    The real reason that companies use temps instead of direct hires is that it makes it easier for them (psychologically) to fire bad workers. One of the most stressful things for a boss is to fire people. When the worker is a temp, it becomes a lot easier because the boss doesn't actually fire them, he just tells them they they are no longer needed, or calls the temp company and tells the temp company to fire the worker.
    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.

  7. #117
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    Re: Walmart Gives 500,000 Workers A Raise

    When I heard this, I was pretty pleased because this means that ultimately, minimum wage and wages overall will go up, however Wal-Mart's plan isn't happening overnight and the info graphic they have on their website insinuate a lot of stipulations.
    "We’re going to close the unproductive tax loopholes that allow some of the truly wealthy to avoid paying their fair share. In theory, some of those loopholes were understandable, but in practice they sometimes made it possible for millionaires to pay nothing, while a bus driver was paying ten percent of his salary, and that’s crazy." -Reagan

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    Re: Walmart Gives 500,000 Workers A Raise

    Quote Originally Posted by imagep View Post
    That depends on the price of stuff.

    Sometimes I think that maybe we should get away from valuing stuff in dollars, and start valuing it in work hours. Obviously, the phrase "living wage" is going to be somewhat subjective, and may vary depending on location, and exactly how well we expect someone to be able to live. Someone who's compensation package includes great insurance totally paid for by the employer obviously doesn't need as high of a per hour salary.
    if you can't define an amount then you really don't have an argument to base yourself in. you have created an appeal to emotion argument.

  9. #119
    Villiage Idiot
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    Re: Walmart Gives 500,000 Workers A Raise

    Quote Originally Posted by Thrilla View Post
    what?

    business are free to raise prices because of cost increases...where did you get the idea they are not?
    Because they still have to compete based upon price (and other factors). People go to Walmart for cheap prices, we certainly don't go there because their employees are so knowledgable about the product, or because the place smells good. Walmart competes 90% on price.

    This additional expense to Walmart is only for Walmart, so unless it's competitors also raise their wages (possible), then it's competitors will have no cost-push inflationary pressure, and no reason to raise prices. If Walmart raises prices, but it's competitors don't, then Walmart will lose market share, and thus sales.

    costs is a primary determining factor in pricing, but it's not the only factor... so I think I kinda agree with you on that point.
    Cost only sets a floor price. Only a fool would sell at the floor price, because the floor does not allow for a profit. Walmart obviously is no fool.
    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.

  10. #120
    Villiage Idiot
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    Re: Walmart Gives 500,000 Workers A Raise

    Quote Originally Posted by Declan View Post
    You are probably closer to the ballpark for their reasoning than most here. I saw an interview with the CEO of Walmart awhile back in which he discussed that they were not sure how much longer they were going to be able to provide the health insurance option they have for all their associates at the discounted rate at which they were dong it because of Obamacare mandate flooding them with new enrollments. My guess is they are going to raise wages and then shift more of the cost onto those workers as wages are a no-brainer expense whereas health insurance premiums seem subject to change in how they are treated for tax purposes.
    That doesn't make a lot of sense. It would be cheaper just to eat the cost of the insurance, because that cost is 100% tax deductible, and is a huge benefit to the employees. If they increased wages, then employee then would have to pay taxes on those wages (and possibly lose means tested welfare benefits), and then hand over the cost of the insurance to Walmart, putting the employees in a WORSE situation. No company desires to piss off their employees.
    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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