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Thread: Walmart Gives 500,000 Workers A Raise

  1. #271
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    Re: Walmart Gives 500,000 Workers A Raise

    Quote Originally Posted by ludin View Post
    There is a reason they can't actually define their argument, and it stems from the fact that they don't know.
    they expect a bag boy to make 20 bucks an hour since to some that might be a living wage.

    yet they can't justify a bag boy making that much money.
    well, that's just it.. not only can they not justify it... they do not have to.

    it's completely arbitrary.

    think about that... a very important part of our economy having no standards or formula whatsoever... a completely arbitrary number used to set wages for millions of unskilled laborers.

    we have the tools to set standards...but it never happens... although it was ruled unconstitutional on no less than 3 occasions by the supreme court, it was finally enacted in 1941( it was part of FDR's court packing BS)...and in all these years, not one standard has been applied to it whatsoever.

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    Re: Walmart Gives 500,000 Workers A Raise

    Quote Originally Posted by ludin View Post
    you obviously have no idea what walmarts business is, or how it operates.
    their sales is based on volume. so businesses that want to sell their items in walmart have to sale at a very big
    discounted price. walmart then buys those items and sells them for a bit under retailer or close to it.

    however their model might have some losses here and there they are most items they want to get rid of.
    that is why they are put on the discount or clearance racks.
    loss leader is not the same as close out discount
    we are negotiating about dividing a pizza and in the meantime israel is eating it
    once you're over the hill you begin to pick up speed

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    Re: Walmart Gives 500,000 Workers A Raise

    Quote Originally Posted by Thrilla View Post
    well, in a way you are right.. if you have no standards or formula to fix wage levels, any wage levels you set can be said to be proper.

    10 bucks and hour.. 200 bucks and hour... 1000 bucks an hour.... all proper.
    the point is they have not over-shot the amount of the floor, causing a reversal
    such reversal would be necessary if the floor resulted in substantial layoffs, because the businesses could not afford to operate at normal staff levels and the higher wage

    which then allows us to recognize that the system works
    we are negotiating about dividing a pizza and in the meantime israel is eating it
    once you're over the hill you begin to pick up speed

  4. #274
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    Re: Walmart Gives 500,000 Workers A Raise

    Quote Originally Posted by justabubba View Post
    the point is they have not over-shot the amount of the floor, causing a reversal
    such reversal would be necessary if the floor resulted in substantial layoffs, because the businesses could not afford to operate at normal staff levels and the higher wage

    which then allows us to recognize that the system works
    we've had multiple economic downturns since 1941 which resulted in massive amounts of layoffs... where were the reversals?

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    Re: Walmart Gives 500,000 Workers A Raise

    Quote Originally Posted by Thrilla View Post
    we've had multiple economic downturns since 1941 which resulted in massive amounts of layoffs... where were the reversals?
    were the reversals found attributable to excessive wage floors?
    we are negotiating about dividing a pizza and in the meantime israel is eating it
    once you're over the hill you begin to pick up speed

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    Re: Walmart Gives 500,000 Workers A Raise

    Quote Originally Posted by justabubba View Post
    were the reversals found attributable to excessive wage floors?
    are any labor costs, ever, considered attributable?

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    Re: Walmart Gives 500,000 Workers A Raise

    Quote Originally Posted by justabubba View Post
    loss leader is not the same as close out discount
    I don't recall ever seeing a true "loss leader" at Wal-Mart except between Black Friday and Christmas.

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    Re: Walmart Gives 500,000 Workers A Raise

    Quote Originally Posted by Gill View Post
    I don't recall ever seeing a true "loss leader" at Wal-Mart except between Black Friday and Christmas.
    how would you know if something was actually a loss leader?
    we are negotiating about dividing a pizza and in the meantime israel is eating it
    once you're over the hill you begin to pick up speed

  9. #279
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    Re: Walmart Gives 500,000 Workers A Raise

    Quote Originally Posted by Thrilla View Post
    are any labor costs, ever, considered attributable?
    not to my knowledge, which absence tells me that their wage floor setting protocol is working quite well
    we are negotiating about dividing a pizza and in the meantime israel is eating it
    once you're over the hill you begin to pick up speed

  10. #280
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    Re: Walmart Gives 500,000 Workers A Raise

    Quote Originally Posted by justabubba View Post
    how would you know if something was actually a loss leader?
    Very simple... loss leaders are heavily advertised and discounted to pull people into stores so that they buy other things.

    Wal-Mart rarely prices anything below their normal prices, except around Christmas.

    A loss leader does the store no good if no one knows about it.

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