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Thread: Walmart Gives 500,000 Workers A Raise

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    Re: Walmart Gives 500,000 Workers A Raise

    Quote Originally Posted by imagep View Post
    I think you are in agreeance with sangha (and myself).
    I don't.

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    Re: Walmart Gives 500,000 Workers A Raise

    Quote Originally Posted by imagep View Post
    Sure, I agree. So why are some posters pressing for a particular fixed number?
    I don't know. Ask HenryChinaski why he did.

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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.
    Not even close. An employee would have to create at least $20./hour to justify being paid $10./hour.

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    Re: Walmart Gives 500,000 Workers A Raise

    Quote Originally Posted by jet57 View Post
    Uh, no. walmart capitulated to the pressure and git jerked into the real world. This will only be good for walmart in the long run.
    WM doesn't capitulate to anything. They make logical business decisions based on $$$$ and nothing else. All the hue and cry in the world wouldn't get them to make decisions that would cost them money.
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    Re: Walmart Gives 500,000 Workers A Raise

    I also wonder if this will be reflected in labor budgets at WM. At WM each store gets a certain amount of labor $$$ to work with and that trickles down to the dept. level as hours, but at the store level, it's ALL about labor $$$. If they don't increase the labor budget, then you will see cuts in hours. The video from the CEO stated that WM would be working to increase hours as well as pay, but pretty much everyone that works at WM is skeptical about this. They've heard these kind of promises before and have seen them fade away when the budget belt gets tightened.
    Our nation has not always lived up to its ideals, yet those ideals have never ceased to guide us. They expose our flaws, and lead us to mend them. We are the beneficiaries of the work of the generations before us and it is each generation's responsibility to continue that work. - Laura Bush

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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.

    A typical cashier can check out about 20 people an hour. What's it worth to walmart to be able to conduct an average size transaction (my guess around $100)? A dollar, ten dollars, a half dollar? I dunno, but Walmart knows, and they will pay their employees less than that amount. If Walmart pays a mininimum wage of $10/hr, the value of that employee to Walmart is obviously higher than $10/hr.
    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.

    You really come across as nasty and negative and mean and angry towards people, maybe you should lighten up a little. Life is too short to live every minute in anger.
    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.
    Give a man a fish and he eats for a day. Teach a man to fish and he stops voting for the Free Fish party.

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    Re: Walmart Gives 500,000 Workers A Raise

    Quote Originally Posted by imagep View Post
    What outcomes did I project?
    A prediction of no change in the Walmart employment numbers is as much a prediction as my prediction of change.

    And in what post did I make those projections?
    If you disagree my prediction of a decreased work force you are making a prediction.

    The truth is, you are just making up stuff, stuff that doesn't even make sense.
    I'm sure it makes no sense to you, but that doesn't make it wrong.

    I bet you are one of those people who totally bought into Rush L.'s lies about "every employer is going to drop insurance because it's going to be cheaper for the employers to pay the fine".
    Hah, no, but I see you are one of those people who doesn't know the meaning of the word "lie".
    Give a man a fish and he eats for a day. Teach a man to fish and he stops voting for the Free Fish party.

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    Re: Walmart Gives 500,000 Workers A Raise

    Quote Originally Posted by imagep View Post
    Walmart will employ as many workers at it needs, no more and no less. It will pay employees whatever it thinks is the optimal pay.
    Sure, and if a cashier ends up costing more than an automated teller which do you think Walmart will choose?

    As the unemployment rate drops, companies have to compete harder for workers, and thus compensation tends to become greater. I agree this this likely has nothing to do with "capitulation", and has much more to do with maximizing profits.
    This is absolutely not the case with an unskilled work force. Regardless of the employment rate an unskilled worker can always be replaced quickly. A lot of those unskilled workers are a half step from losing their job to automation as it is.

    A half million workers just got a raise, if you want to pretend that this raise was caused by politics, then THANKS OBAMA!
    Did I say it was due to politics? Seems to me the Obama supporters are the ones trying to paint this as a political move. I am just here to point out that across the board raises rarely is ever end up well for the bottom feeding employees.

    But these decisions are business decisions, not political decisions.
    Indeed they are, just as the layoffs and automation will be a business decision.
    Give a man a fish and he eats for a day. Teach a man to fish and he stops voting for the Free Fish party.

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    Re: Walmart Gives 500,000 Workers A Raise

    Quote Originally Posted by Gill View Post
    No, pricing is based on competitive pressure. Doesn't matter how much it cost you to produce and sell something if the guy down the road is selling the same thing for 20% less.
    Competition is one (of many) of the factors that determines what price results in the greatest profits. But the point is, price isn't determined by costs and businesses aren't free to raise prices simply because their costs increase.
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    the vast majority of folks that need healthcare are on Medicare.. both rich and poor..

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    Re: Walmart Gives 500,000 Workers A Raise

    Quote Originally Posted by Gill View Post
    To many variables to claim a single number.
    Add up the cost of the cheapest apartment and public transportation (if applicable) and basic food for a single individual. That's a reasonable framework.
    Give a man a fish and he can eat for a day. Teach a man to fish and he can sit in a boat, drinking beer all day while you fool around with his Woman.

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