- Apr 11, 2005
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I think in 2014 Walmart made something like 16.3 Billion dollars in profit
that is profit
after taxes
after paying employs
after buying product
just in profit
so yeah, they do not HAVE to cut hours
in fact, they could give every single worker a $230 bonus and still make 3 billion dollars in profits
Yep. They used to.BTW, labor unions used to give workers the power to negotiate. Wages and benefits rose, and since a rising tide raises all ships, even non-union workers benefited.
Most Americans now own stocks, either through a 401K or similar plan, or through annuity investments or through direct purchase.BTW, Wal-Mart gives its employees a little bit of stock in their company. So does Tyson.
I thought "affordable housing" and help for starving families were things you supported?I do not shop at Walmart
I know how they treat workers
and it is not a company I want to be associated with
they pay their workers bellow a living wage and then they have HR set their workers up with how to get food stamps and section 8 housing
What government fiat made Walmart raise wages company-wide to $9.00/hr?If you don't like the wages, don't work at Walmart. How simple is that? Minimum wages are properly set by the market, not government fiat. If the average minimum wage is $7 and you want above average workers, then you have to pay more. If you want below average workers you pay less. If nobody will work for you for the wages you offer, you have to offer more enticing wages. That's how the free enterprise system works. In times past if you had good part-time workers you would move them to full-time positions. However, with the socialist policies enacted by this administration and the liberals in America it becomes increasingly difficult for companies to hire full time workers. This is exactly what the leftists want; a permanent underclass of voters dependent on the government. Full time workers would earn a better living and should continue to get raises as their value and tenure with the company increases. This might make them less dependent on the government and more aware of the oppressive taxes they are paying. While beneficial for American families, this would be counter-productive for the leftists.
Remember when you could have someone fill up your car, clean your windshield and check your oil? Those service station jobs are gone; lost to the lower prices of self-serve stations and the cost to small businesses of employing those workers. Increase minimum wages, decrease jobs. It is as predictable as darkness following daylight. Become a more valuable employee and businesses will pay more to keep you. That may not work as well in large retail outlets, but it works pretty well in most of America.
No, they can't hire those people full time because of the costs involved, so they hire more part time workers. The costs of unemployment, workman's comp insurance, health insurance and all the other associated costs can be staggering. It's more cost effective to hire more people part time. Want to change thing? Reduce the burden on employers so they can afford more full time workers. Beyond that, it's up to the labor force to refuse to work part time. Ultimately, market pressures determine business practices.my point is KW
walmart makes more profit by having the tax payers pay for part of their workers income (through food stamps and section 8)
Agreed. We have the highest corporate taxes in the world and we have to compete in a global market.I think the USA needs major welfare reform
both the social safety net welfare and corporate welfare
Why limit it to Walmart? You paying the boy who cuts your lawn amounts to the same thing; using part time labor to fill a short term position.do you see how the Government subsidizing walmart employees offsets the market in this?
What's a living wage? Increasing the minimum wage increases the cost of everything, so with every wage hike you only get further behind. What if you spent 5 years working up to $9 per hour and now walk-ons get as much as you?bottom line, walmart needs lots of workers, if they were forced to pay a living wage, they might loose some jobs
that is just something we need to understand.
BTW, Wal-Mart gives its employees a little bit of stock in their company. So does Tyson.
Of course they rarely have the chance to put the stock away and let it appreciate (with the Dow futures down 426 points today, maybe they have the right idea ) They usually need to cash it in immediately to pay their bills since they are underpaid.