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

wbcoleman said:
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?
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I needed the sweat pants in a hurry and didn't have time to shop around. I was frankly appalled that they weren't paying me to take the garbage away......................
 
wbcoleman said:
Why do politicians have a better idea of someone else's "decent wage" than the person herself?
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The minimum wage is there to protect people from being exploited by big corporations (and small ones alike for that matter).
 
Sisyphus said:
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!!! :)
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Not sure why you would claim that since, again, I agree with your post.:peace
 
Jack Hays said:
Not sure why you would claim that since, again, I agree with your post.:peace
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I thrive on conflict and not being a part of the mutual admiration society. More interesting that way.

Cool?
 
Peter King said:
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.
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Who should make the decision of whether or not Wal*Mart's wage offer is "reasonable"? You, or the person on the receiving end of the offer?

BTW, from what I understand, many of the retiree/greeters take the job because they enjoy it.
 
wbcoleman said:
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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Let me get this, you studied this very subject....yet you keep asking me for the companies that produced below cost.....and when they gained sufficient market share....became profitable?

Seriously?

I don't believe a word you write.
 
Bonzai said:
I needed the sweat pants in a hurry and didn't have time to shop around. I was frankly appalled that they weren't paying me to take the garbage away......................
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Wal*Mart is really good about accepting returns.
 
Peter King said:
The minimum wage is there to protect people from being exploited by big corporations (and small ones alike for that matter).
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That doesn't really address the question, why do politicians have a better idea of someone else's "decent wage" than the person herself?
 
wbcoleman said:
Who should make the decision of whether or not Wal*Mart's wage offer is "reasonable"? You, or the person on the receiving end of the offer?

BTW, from what I understand, many of the retiree/greeters take the job because they enjoy it.
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It should be the government who makes sure that there is a minimum wage, not companies like Walmart, etc.

Great, they enjoy it, still does not change the fact that they should be stiffed when it comes to their wage by companies like Walmart.
 
wbcoleman said:
That doesn't really address the question, why do politicians have a better idea of someone else's "decent wage" than the person herself?
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Because companies cannot be trusted with setting a minimum wage, a government should do that, preferably through healthy discussions with companies/unions/etc. because it is always better if common ground can be found, but if that is impossible than the government should take it's responsibility.
 
Gimmesometruth said:
Let me get this, you studied this very subject....yet you keep asking me for the companies that produced below cost.....and when they gained sufficient market share....became profitable?

Seriously?

I don't believe a word you write.
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Among professional economists, predatory pricing is pretty much considered a myth. If you think I'm making this up, Wikipedia has a brief explanation: Predatory pricing - Wikipedia, the free encyclopedia. Most support for the idea is political, not economic.
 
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Peter King said:
That is your governments decision. Fair wage is fair wage, it should be a minimum wage that goes for all above a certain age.
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And that wage is $8.25 in all of DC, except for new large retailers, like WalMart, coincidentally already constructing 3 (of six) planned DC locations. Note that this "fair" DC law exempted all of the union using exsiting big retailers. What these loons did was to protect the higher wages/prices of the current union "in crowd" from any non-union competiton, denying all of those DC shoppers/workers a chance to save money/get jobs at new WalMart stores.
 
Peter King said:
It should be the government who makes sure that there is a minimum wage, not companies like Walmart, etc.

Great, they enjoy it, still does not change the fact that they should be stiffed when it comes to their wage by companies like Walmart.
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Seriously, many of the greeters [not all!] are people who can easily walk if they're not satisfied.
 
Peter King said:
Because companies cannot be trusted with setting a minimum wage, a government should do that, preferably through healthy discussions with companies/unions/etc. because it is always better if common ground can be found, but if that is impossible than the government should take it's responsibility.
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Minimum wage laws are simply vehicles for politicians to reward certain constituencies at the expense of others. The principal beneficiaries are union labor, whose higher wages are protected from competition.
 
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.
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I'm sure it does. Probably not much though, and certainly not enough to justify 12 dollar an hour wages.

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.
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They are being paid 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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So you think any work, regardless of how little it contributes, should give enough for a house or apartment, food, electricity, internet, etc? I never "looked down" at the work, I'm just being honest about it.
 
wbcoleman said:
Wal*Mart is really good about accepting returns.
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Shopping used to be a treat in the US. There were always great items to be found somewhere from wherever. Now it's just scrounging thru cheap Chinese trinkets/consumer goods that in the best scenario have a shelf life of 5 years...............Like this HP PC I'm on.................Should have bought something made in Japan---------Highend, but at least it would probably work............................
 
Jack Hays said:
Wal-Mart created neither the predominance of Chinese manufacturing nor the public subsidies for the poor. Wal-Mart does, however, serve the poor in ways that other businesses do not. Wal-Mart's ethical position is not only sound, it is vastly preferable to that of its critics.:peace
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I disagree since Walmart is responsible for 11% of the growth for the US trade deficit. As far as your other point, they don't serve the poor by producing the working poor. If you like the way this business profits through government subsidies by all means love this business model:shock:
 
wbcoleman said:
Among professional economists, predatory pricing is pretty much considered a myth. If you think I'm amking this up, Wikipedia has a brief explanation: Predatory pricing - Wikipedia, the free encyclopedia. Most support for the idea is political, not economic.
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So this is it...this is what you have to present as an example of your studying this issue..... a weak wiki link?

Try this for starters:

A History of Japanese Trade and Industry Policy - Mikio Sumiya - Google Books
 
rabbitcaebannog said:
I disagree since Walmart is responsible for 11% of the growth for the US trade deficit. As far as your other point, they don't serve the poor by producing the working poor. If you like the way this business profits through government subsidies by all means love this business model:shock:
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Wal-Mart is responsible for 0% of the US trade deficit. :peace
 
Jack Hays said:
Wal-Mart is responsible for 0% of the US trade deficit. :peace
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Wow....this is coming from a guy who when given articles detailing various aspects of how Walmart has negatively impact US industry.....whines over and over again that the article did not substantiate the contention.......who now has the temerity, the gall, to make comment like this.

Hypocrisy knows no bound with you, Jack.
 
Peter King said:
Because companies cannot be trusted with setting a minimum wage, a government should do that, preferably through healthy discussions with companies/unions/etc. because it is always better if common ground can be found, but if that is impossible than the government should take it's responsibility.
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Isn't your argument basically saying that people can't be trusted to make sure they agree to terms that benefit them?
 
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