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Walmart says it will kill plans to build 3 new stores if DC wage bill passes

wbcoleman said:
They capitalize on it for the benefit of their customers. That's what has made them so successful.
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It's a benefit to consumers to not shop at Walmart. Have you actually shopped there ? It's like an estate sale for a deceased homeless person......................
 
Gimmesometruth said:
I'm supposed to re-counter your "hogwash" comment?

OK....Jack, you don't know jack.

Hows that?

It should be at about the same level.
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You seem to have conveniently omitted several posts, including the ones where I noted your citations were merely assertions rather that substantiations, and inviting you to provide same.
 
Gimmesometruth said:
No, they capitalize to the benefit of the stockholder. Sick that day too I see.
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Really? Have you by any chance looked at a chart of WMT's stock price between 2000 and 2011? The stockholders collected 2% dividends and saw zero capital gains for over ten years. Meanwhile, the customers flocked to the stores for the vast quantities of aggressively priced merchandise.
 
ttwtt78640 said:
It can easily be, if those "workers" that you wish to "protect" are highly paid union grocery store workers that fear non-union competition (and contribute to the DC official's campaigns). Everyone concentrates on the cheap Chinese trinkets that WalMart sells while ignorng the real threat to big union chain grocery stores - the other "big stores" in DC that were expempted from this super minimum wage law. The parts of DC that WalMart wanted to enter currently lack competition for grocery shopping. You tend to concentrate on identifying the losers, when identifying the winners tells the story much more clearly. ;)
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Well, clearly monopsolists don't benefit from competition!
 
Sisyphus said:
Sorry; my bad (working from memory). The Seattle-Bellevue-Everett region, has 3%, not King County. Still, you pack a bunch of Libbies into an area that elects a guy like Jim McDermott and you gotta wonder how on earth we could open a popsicle stand, much less have companies you might have heard of, like: Microsoft; Boeing; AT&T Cellular (McCaw); Amazon; Starbucks; Columbia; Nordstrom; Costco ...

Dumb luck I guess, despite our business-killing $9.19 minimum wage. Or perhaps the more northern latitude, which due to fewer daylight hours in Winter does not actually follow the laws of supply and demand as Professor Emeritus Limbaugh, AM Radio department of Business Finance / Economics would teach. Merely a speculation.
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You will find no post of mine claiming that liberals can't be good at business. My point is that liberals are ethically compromised by their criticism of Wal-Mart.:peace
 
Peter King said:
If you hire people to stand at the door and welcome people, it must mean that the company thinks it has added value. If you hire a person you must give it an appropriate wage. Now I am not saying that 12 dollars an hour is that amount but it must be at least the minimum wage.

I could care less what service someone is providing, putting food into bags is just as valid a job as sweeping floors or frying fries etc. You looking down on a function does not mean that a fair wage should not be paid for it.
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Wait a minute! These retirees would be better off if denied the choice of working as Wal*Mart greeters?
 
wbcoleman said:
Workers are better off if they are denied the option of working at Wal*Mart? Consumers are better off if they are denied the option of shopping there? How can this be?
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I know who is real happy with people shopping at Walmart, the Chinese government and plant owners are real happy for people shopping at Walmart. The people who own Walmart are real happy for people shopping at Walmart.

The workers in said Chinese factories not so much, the Walmart employees who still have to ask the government for handouts are not that happy for not having fair wages, the US government who has to pay for benefits to Walmart working poor is not that happy, etc. etc. etc. etc.
 
Bonzai said:
It's a benefit to consumers to not shop at Walmart. Have you actually shopped there ? It's like an estate sale for a deceased homeless person......................
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I do shop at Wal*Mart, albeit not frequently. Of course, that's my choice, and I like choices.
 
Peter King said:
If you hire people to stand at the door and welcome people, it must mean that the company thinks it has added value. If you hire a person you must give it an appropriate wage. Now I am not saying that 12 dollars an hour is that amount but it must be at least the minimum wage.

I could care less what service someone is providing, putting food into bags is just as valid a job as sweeping floors or frying fries etc. You looking down on a function does not mean that a fair wage should not be paid for it.
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Why is that "fair" wage now being made dependent upon the size of the "new" employer/job site?
 
Jack Hays said:
Purposely avoiding the point?
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You don't know what your point was? Am I supposed to find it for you? You can't restate it if you think it was so important?

The point, as far as I was concerned, was that we don't all have the benefits of geography, so basing an economic argument on the idea of having an oil field in your back yard is.....how should I put this.....not rational.
 
wbcoleman said:
Really? Have you by any chance looked at a chart of WMT's stock price between 2000 and 2011? The stockholders collected 2% dividends and saw zero capital gains for over ten years. Meanwhile, the customers flocked to the stores for the vast quantities of aggressively priced merchandise.
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Are you sure you have shopped in Walmart ? I bought a pair of sweat pants there about 6 years ago that was priced at $10 (which you seem to think is a great price). They were maybe worth $2.95. I call that blatant price gouging......................
 
Peter King said:
I know who is real happy with people shopping at Walmart, the Chinese government and plant owners are real happy for people shopping at Walmart. The people who own Walmart are real happy for people shopping at Walmart.

The workers in said Chinese factories not so much, the Walmart employees who still have to ask the government for handouts are not that happy for not having fair wages, the US government who has to pay for benefits to Walmart working poor is not that happy, etc. etc. etc. etc.
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Let me refer you to WMT's stock chart, 2000 to 2011. As for the Chinese workers, did the Chicomm government force these people to leave their villages in favor of urban factory work?
 
ttwtt78640 said:
Why do you suppose it was only (well mainly) Walmart that was singled out for a special (or super) minimum wage at 51% higher than all other DC employers must pay? Why should the minimum wage change based on the size of the retailer and not the profit margin?

How is not opening a store, after a new law labor is passed, blackmail? I seems that you think that the tail is wagging the dog here.
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I said decent wages, it is up to the US government to decide what is decent wages. Singling out companies is not OK, but if this company is muscling out competitors than maybe it is fair. I do not know, but blackmail attempts at the government will not work.
 
wbcoleman said:
Because serious economists have looked for examples of "predatory pricing", which is what I assume you are talking about. It's easy to talk about but pretty hard to find.
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Um, not hard to find at all, Japan has subsidized much of its industries for decades expressly to grab US market share. On top of that, they have trade barriers to protect their industries. Germany has done the same. You should know this.
 
Jack Hays said:
You will find no post of mine claiming that liberals can't be good at business. My point is that liberals are ethically compromised by their criticism of Wal-Mart.:peace
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I added it for fun.

Meanwhile, Costco is not a company that sells at a loss. They source volume packaging that does not (so thought) compete with the retail channel; it's pseudo cash-and-carry wholesale, making the products they sell at a comfortable margin a great deal for consumers. Also, they carry the margin model over to stuff typical grocery stores sell at much higher margins, namely produce and meat.

The membership fees merely supports the image (smoke screen) of being a wholesaler, thus justifying why they buy at a lower price than Kroger's etc, from the same producers (Nabisco, etc.)

So what you believe, based on nothing but your biased guesses, is quite wrong to an extent bordering on the wrong side of ABSURD!!! :)
 
Bonzai said:
Are you sure you have shopped in Walmart ? I bought a pair of sweat pants there about 6 years ago that was priced at $10 (which you seem to think is a great price). They were maybe worth $2.95. I call that blatant price gouging......................
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My strong recommendation if that if you are dissatisfied with Wal*Mart's pricing, you should shop elsewhere. No one's forcing you in the store, right?
 
Jack Hays said:
You seem to have conveniently omitted several posts, including the ones where I noted your citations were merely assertions rather that substantiations, and inviting you to provide same.
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Uh, no Jack, I already answered that....you are forgetting.
 
Peter King said:
I said decent wages, it is up to the US government to decide what is decent wages. Singling out companies is not OK, but if this company is muscling out competitors than maybe it is fair. I do not know, but blackmail attempts at the government will not work.
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Why do politicians have a better idea of someone else's "decent wage" than the person herself?
 
wbcoleman said:
Wait a minute! These retirees would be better off if denied the choice of working as Wal*Mart greeters?
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Did I say that? No, I said that if a company wants to hire retirees or who-ever to do a job it needs to pay a reasonable wage.

And yes, it is disgraceful that retirees need to work. Retirees worked their whole life and should be able to enjoy their retirement fully.
 
Gimmesometruth said:
You don't know what your point was? Am I supposed to find it for you? You can't restate it if you think it was so important?

The point, as far as I was concerned, was that we don't all have the benefits of geography, so basing an economic argument on the idea of having an oil field in your back yard is.....how should I put this.....not rational.
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That was someone else's assertion, and I happen to agree with you. The point to which I refer is the one you are dodging.
 
ttwtt78640 said:
Why is that "fair" wage now being made dependent upon the size of the "new" employer/job site?
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That is your governments decision. Fair wage is fair wage, it should be a minimum wage that goes for all above a certain age.
 
Gimmesometruth said:
Um, not hard to find at all, Japan has subsidized much of its industries for decades expressly to grab US market share. On top of that, they have trade barriers to protect their industries. Germany has done the same. You should know this.
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There is an extensive literature on the subject of predatory pricing. Twenty-five years ago I was pretty familiar with it; sadly I've moved on to other things. But if you're familiar with contemporary Japanese practices, I'd love to learn which Japanese companies have turned selling goods below cost into a successful business model.
 
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