News Walmart is closing hundreds of stores and laying off thousands of employees

[brassmonkey]

A Walmart employee in Walpole, Massachusetts.

Walmart is closing 269 stores and laying off thousands of employees.

The move will affect more than 16,000 employees, including 10,000 in the US.

The closings include 154 locations in the US â?? 102 of which are the companyâ??s smallest stores, called Walmart Express, which have been in pilot since 2011.

Walmart is closing the stores to shift resources to Walmartâ??s Supercenters and smaller-format Neighborhood Market stores.

Walmart will also shut down 23 Neighborhood Markets, 12 Supercenters, seven stores in Puerto Rico, six discount centers, and four Samâ??s Clubs. All the stores will close by the end of the month.

The company said it would try to place laid-off employees at other Walmart stores.

Employees who arenâ??t hired by nearby locations will get 60 days of pay and severance if eligible, as well as résumé and interview skills training, the company said.

The decision to close stores is difficult and we care about the associates who will be impacted,â?� Walmart CEO Doug McMillon said in a statement. â??We invested considerable time assessing our stores and clubs and donâ??t take this lightly. We are supporting those impacted with extra pay and support, and we will take all appropriate steps to ensure they are treated well.â?�

Walmart has more than 11,000 stores worldwide, including 4,655 stores in the US.

The retailer said it still planned to open more than 100 US stores in the next year, including 50 to 60 Supercenters, 85 to 95 Neighborhood Markets, and seven to 10 Samâ??s Club locations. Internationally, Walmart plans to open 200 to 240 stores within the next year.

Walmart is closing hundreds of stores and laying off thousands of employees

[atom]

Walmart saved my ass last Sunday night. My kid was home from college for the weekend and was supposed to drive back for class on Monday morning. It had been -18f the night before and it killed the battery in his car. Walmart was the only place open at 10:30pm that sold bats.

Thanks Walmart

[JFK]

1st they put all the small mom n pop stores out of business, now this ?? walmart, this one's for you

[poncabare]

Keep on raising that minimum wage. What a great solution

[BIGTYMER]

Originally Posted by atom

Walmart saved my ass last Sunday night. My kid was home from college for the weekend and was supposed to drive back for class on Monday morning. It had been -18f the night before and it killed the battery in his car. Walmart was the only place open at 10:30pm that sold bats.

Thanks Walmart

Jumper cables?

[Best-In-BC]

Shitty deal for anyone who works there with a family.

[Best-In-BC]

Originally Posted by JFK

1st they put all the small mom n pop stores out of business, now this ?? walmart, this one's for you

[atom]

Originally Posted by BIGTYMER

Jumper cables?

Nope, I threw it on my charger thinking that would do it. Battery was kaput, wouldn't even take a charge.

[Sly]

GFY traffic is about to skyrocket.

[brassmonkey]

Originally Posted by atom

Nope, I threw it on my charger thinking that would do it. Battery was kaput, wouldn't even take a charge.

try baking soda next time

Originally Posted by Sly

GFY traffic is about to skyrocket.

[L-Pink]

Originally Posted by Sly

GFY traffic is about to skyrocket.

.

[crockett]

They are closing 269 but are opening over 400 new ones..

[brassmonkey]

Originally Posted by crockett

They are closing 269 but are opening over 400 new ones..

moving them to the upscale areas

[Sly]

Originally Posted by brassmonkey

moving them to the upscale areas

Upscale areas are not too big on Walmart.

Looks to me like they are closing a complete line of stores, that I never knew existed, because they did not make enough money whereas the same expenditures could go towards a real Walmart and make money.

[MiamiBoyz]

Good! Fuck Wal-Fart and fuck you if you shop there.

Of course, being white trash you will not care but fuck you anyway.

[Horatio Caine]

Good. Can't stand that place.

[Vendzilla]

Some people need Walmart

[Robbie]

Originally Posted by poncabare

Keep on raising that minimum wage. What a great solution

Yep. Just as anyone with any sense tried to tell people when all that bullshit about paying people more than they are worth started.

Now all those people won't have ANY job.

[DVTimes]

A few years ago they purchased Asda in the UK.

[HeadPimp]

Interesting move on their part. Obviously the bottom line is the most important thing.

In all fairness though, 60 days severance, retraining and resume assistance is damn generous to offer grunt employees.

[brassmonkey]

Originally Posted by HeadPimp

Interesting move on their part. Obviously the bottom line is the most important thing.

In all fairness though, 60 days severance, retraining and resume assistance is damn generous to offer grunt employees.

a lot of them have 10 plus years there.

[MiamiBoyz]

Originally Posted by HeadPimp

Interesting move on their part. Obviously the bottom line is the most important thing.

In all fairness though, 60 days severance, retraining and resume assistance is damn generous to offer grunt employees.

True that...hopefully they will take that money and buy enough crack to overdose and not need a new "job" ending more than 1 problem - WIN WIN

[blackmonsters]

Fuck Walmart; they sell cheap garbage.


.

[onwebcam]

Originally Posted by brassmonkey

moving them to the upscale areas

Closing down one in my town that is in one of the hottest RE zip codes in the country. The other 5 miles down the road in the "police mobile booking setup up nearly every weekend in the parking lot" area of town staying open.. Go figure.

[ErectMedia]

Originally Posted by Sly

GFY traffic is about to skyrocket.

[Robbie]

Originally Posted by HeadPimp

Interesting move on their part. Obviously the bottom line is the most important thing.

As it should be..right? Do you run your business as a charity or to make money?

I argued with some of the folks on here in all the "raise the minimum wage" threads over the last year.
And I predicted (which isn't that hard to do running a business) that IF you started overpaying unskilled labor that the result would be job losses.

And I had more than one person on here tell me I didn't know what I was talking about that Walmart is "rich" and would never shut down stores.

I'm afraid that this is only the beginning.

Young men and women already can't find starter jobs for themselves out of high school.
But just watch what happens with automation at McDonalds and other fast food restaurants very soon.
No way they are gonna pay a fry cook $15 an hour...or the person taking your order over the speaker.
They are going to update that stuff and you'll be putting your order in on a touchscreen or an app. And putting the fries in the grease will be done by automation.

Get ready. LOTS of people are about to lose their jobs.
And then the people screaming for a "living wage" will find out that the wages they were making for unskilled labor were a lot better than making ZERO.

[DBS.US]

[crockett]

I know a guy that works for a Walmart distribution center. Oddly enough he makes pretty good money, about $20/hr, so its nothing like the fools in the stores. what is fucked up is every year after christmas Walmart gives them the option, get your hours cut for 3 months or get laid off and collect unemployment..

This is how companies like Walmart operate and use tax payers money to float their profits into the green.. They do it even worse with the employees at the stores..

[Robbie]

Originally Posted by crockett

I know a guy that works for a Walmart distribution center. Oddly enough he makes pretty good money, about $20/hr, so its nothing like the fools in the stores. what is fucked up is every year after christmas Walmart gives them the option, get your hours cut for 3 months or get laid off and collect unemployment..

This is how companies like Walmart operate and use tax payers money to float their profits into the green.. They do it even worse with the employees at the stores..

Then you should be happy they will shut down those stores so those poor employees won't have to toil anymore.

I'm sure that all those people losing their jobs are gonna raise a fist in solidarity with your viewpoint as they realize they now have NO income at all.

As for "using taxpayers money"...if the govt. weren't taxing us and spending it like drunken sailors and giving away the "taxpayer money" then that wouldn't be possible would it?

If the govt. was dumb enough to set up tax breaks for me as a pornographer...I'd be a fool not to take advantage of it. You would do the same.

[baddog]

BlackMonkey - Stick to death posts; WTF does Walmart have to do with GFY other than being your favorite store to shop at?

[dyna mo]

Prices just went up here in Cali at some places to cover the recent min wage increase that kicked in.

Walmart can't raise prices to cover , that's completely counter to their business model.

[Horatio Caine]

Originally Posted by DBS.US

Very diverse club.

[Coup]

If my local Walmart closes where will I get my Tshirts with Looney tunes characters on them? I need my Tweety bird shirts God dammit

[Robbie]

I went to Wendy's a couple of days ago. Got a single, large fries, large coke, and a large chili.
$10.65!!!!

When I pulled up to the window and paid I told the guy at the window that it's cheaper now to eat at a "real" restaurant and they are gonna price themselves out of the market.

He said "yeah" that they had just raised all the prices earlier in the week.

Fast food was not only convenient, but it was always a cheap meal too. Not anymore.

[dyna mo]

Folks can get a pretty tasty burger meal at red robins or chili's for the same price as fast food these days, can call in prior and pickup quick and easy.

[brassmonkey]

Here?s a list and map of all the Walmart store closings in the US - Yahoo Finance

Store number Type Address Closing date

2173 Walmart Express 14331 Count Rd. 99, Headland, AL 1/28/16
2011 Walmart Express 18 Apple Way, Ashford, AL 1/28/16
2165 Walmart Express 952 E. Lawrence Harris Hwy, Slocomb, AL 1/28/16
2186 Walmart Express 407 West Washington St., Abbeville, AL 1/28/16
2235 Walmart Express 6361 Hwy 72 East Gurley, AL 1/28/16
2260 Walmart Express 87395 US Hwy 278, Snead, AL 1/28/16
3769 Walmart Express 3530 Cathedral Caverns Hwy, Grant, AL 1/28/16
3779 Walmart Express 10188 Hwy 431 South, New Hope, AL 1/28/16
2498 Walmart Express 720 N Hwy 71, Mansfield, AR 1/28/16
2578 Walmart Express 3500 Mulberry Hwy 64 W, Mulberry, AR 1/28/16
2601 Walmart Express 814 W. Main, Charleston, AR 1/28/16
2669 Walmart Express 1531 E Hwy 64, Coal Hill, AR 1/28/16
3819 Walmart Express 8848 N Hwy 59, Van Buren, AR 1/28/16
3878 Walmart Express 5 Hwy 124 West, Damascus, AR 1/28/16
4217 Walmart Express 154 E Roller, Decatur, AR 1/28/16
3032 Walmart Express 905 S Gentry Blvd, Gentry, AR 1/28/16
3033 Walmart Express 800 1st Ave SE, Gravette, AR 1/28/16
3034 Walmart Express 881 W Buchanan, Prairie Grove, AR 1/28/16
3358 Walmart Express 1113 S.R. 20, Interlachen, FL 1/28/16
4265 Walmart Express 1209 East Wade St., Trenton, FL 1/28/16
4267 Walmart Express 15726 SE Hwy 19 Cross City, FL 1/28/16
4228 Walmart Express 560 S. Broad St., Ellaville, GA 1/28/16
4229 Walmart Express 1041 S US Hwy 1, Alma, GA 1/28/16
4234 Walmart Express 155 West Washington Ave., Ashburn, GA 1/28/16
4251 Walmart Express 398 Barrow Ave SW, Pelham, GA 1/28/16
4254 Walmart Express 907 Marianna Hwy, Donalsonville, GA 1/28/16
4261 Walmart Express 290 Albany Ave. West, Pearson, GA 1/28/16
4263 Walmart Express 142 S. Valdosta Road, Lakeland, GA 1/28/16
3065 Walmart Express 3636 N Broadway St., Chicago, IL 1/17/16
3039 Walmart Express 225 W Chicago Ave., Chicago, IL 1/17/16
3369 Walmart Express 900 East Ross Ave., Clearwater, KS 1/28/16
4353 Walmart Express 505 Housatonic St., Burlington, KS 1/28/16
4360 Walmart Express 705 N High School Ave., Columbus, KS 1/28/16
4361 Walmart Express 1105 East 15th St., Ellsworth, KS 1/28/16
4362 Walmart Express 120 West Rosewood St., Rose Hill, KS 1/28/16
4651 Walmart Express 605 Orchard Drive, Hillsboro, KS 1/28/16
3755 Walmart Express 1445 Old Highway 13, Mamou, LA 1/28/16
4634 Walmart Express 1506 Main St., Colfax, LA 1/28/16
3753 Walmart Express 620 North Hwy 26, Lake Arthur, LA 1/28/16
3815 Walmart Express 501 West Hwy 90, Iowa, LA 1/28/16
3839 Walmart Express 9181 Hwy 67, Clinton, LA 1/28/16
3849 Walmart Express 920 Avenue G, Kentwood, LA 1/28/16
3879 Walmart Express 1495 Obrie St., Zwolle, LA 1/28/16
4647 Walmart Express 515 3rd St., Independence, LA 1/28/16
4269 Walmart Express 224 E Hwy 76, Anderson, MO 1/28/16
4270 Walmart Express 508 N Cliffside Dr., Noel, MO 1/28/16
4282 Walmart Express 33597 State Hwy 112, Seligman, MO 1/28/16
4289 Walmart Express 414 N Elm, Clever, MO 1/28/16
3856 Walmart Express 410 2nd St., Belmont, MS 1/28/16
3863 Walmart Express 2795 Hwy 371 N, Mantachie, MS 1/28/16
3865 Walmart Express 420 E Lee St., Sardis, MS 1/28/16
3866 Walmart Express 28191 Hwy 15, Walnut, MS 1/28/16
4294 Walmart Express 519 W Veterans Ave., Derma, MS 1/28/16
4296 Walmart Express 7104 Will Robbins Hwy, Nettleton, MS 1/28/16
3211 Walmart Express 509 Dr. Donnie H. Jones Blvd W, Princeton, NC 1/28/16
3249 Walmart Express 511 N Mckinley St., Coats, NC 1/28/16
5024 Walmart Express 6043 US Hwy 301 S, Four Oaks, NC 1/28/16
3257 Walmart Express 112 N Main St., Broadway, NC 1/28/16
5015 Walmart Express 908 E. 4th Ave., Red Springs, NC 1/28/16
5017 Walmart Express 7670 Clinton Rd., Stedman, NC 1/28/16
7207 Walmart Express 1400 B Broad St., Oriental, NC 1/28/16
5138 Walmart Express 702 S. Wall St., Benson, NC 1/28/16
2500 Walmart Express 945 Monroe St., Carthage, NC 1/28/16
2573 Walmart Express 303 S. Goldsboro St., Pikeville, NC 1/28/16
6997 Walmart Express 632 W Swannanoa Ave., Liberty, NC 1/28/16
3007 Walmart Express 139 N Hwy 49, Richfield, NC 1/17/16
3036 Walmart Express 1593 NC Hwy 86 N, Yanceyville, NC 1/28/16
3037 Walmart Express 905 SE 2nd St., Snow Hill, NC 1/28/16
3080 Walmart Express 182 NC 102 W, Ayden, NC 1/28/16
3121 Walmart Express 189 Hickory Tree Rd., Midway, NC 1/28/16
3756 Walmart Express 124 E. Columbia St., Okemah, OK 1/28/16
4633 Walmart Express 19250 E Hwy 66, Luther, OK 1/28/16
2456 Walmart Express 2310 West Main, Prague, OK 1/28/16
2462 Walmart Express 1600 West Hwy 66, Stroud, OK 1/28/16
3766 Walmart Express 2324 Seran Drive, Wewoka, OK 1/28/16
3767 Walmart Express 812 N Clarence Nash Blvd., Watonga, OK 1/28/16
1250 Walmart Express 9032 Hwy 14, Gray Court, SC 1/28/16
3798 Walmart Express 7013 S Pine St., Pacolet, SC 1/17/16
2375 Walmart Express 4718 Nashville Hwy, Chapel Hill, TN 1/28/16
2413 Walmart Express 523 N Military St., Loretto, TN 1/28/16
4301 Walmart Express 400 North Main St., Cornersville, TN 1/28/16
4306 Walmart Express 934 Hwy 79, Dover, TN 1/28/16
2345 Walmart Express 721 Dale Evans Drive, Italy, TX 1/28/16
2349 Walmart Express 221 S State Hwy 274, Kemp, TX 1/28/16
2363 Walmart Express 504 W Pine St., Edgewood, TX 1/28/16
2364 Walmart Express 301 Hwy 69 S, Whitewright, TX 1/28/16
2410 Walmart Express 122 Commercial Ave., Anson, TX 1/28/16
2461 Walmart Express 1003 Telephone Cir., Merkel, TX 1/28/16
2779 Walmart Express 5 N 14th St., Haskell, TX 1/28/16
2863 Walmart Express 1010 N Main St., Winters, TX 1/28/16
3820 Walmart Express 501 N Main, Godley, TX 1/28/16
3822 Walmart Express 416 N Third St., Grandview, TX 1/28/16
3832 Walmart Express 420 S US 69, Leonard, TX 1/28/16
3834 Walmart Express 428 N Dallas St., Palmer, TX 1/28/16
4312 Walmart Express 440 E Pine St., Frankston, TX 1/28/16
4316 Walmart Express 1787 US Hwy 259 S, Diana, TX 1/28/16
4320 Walmart Express 1005 Texas Avenue E, Waskom, TX 1/28/16
4327 Walmart Express 870 Taylor St., Hughes Springs, TX 1/28/16
4331 Walmart Express 914 North Main St., Lone Star, TX 1/28/16
4338 Walmart Express 504 WL Doc Dodson, Naples, TX 1/28/16
4343 Walmart Express 12522 Fm 1840, Dekalb, TX 1/28/16
4345 Walmart Express 114 Redwater Boulevard West, Maud, TX 1/28/16
2524 Walmart 5502 Monterey Hwy, San Jose, CA 1/28/16
2949 Walmart 151 E 5th St., Long Beach, CA 1/28/16
5457 Walmart 8400 Edgewater Drive, Oakland, CA 1/17/16
2960 Walmart 4101 Crenshaw Blcd., Los Angeles, CA 1/17/16
3507 Walmart 2701 Port Covington Drive, Baltimore, MD 1/17/16
3496 Walmart 5825 W Hope Ave., Milwaukee, WI 1/28/16
3814 Supercenter 6525 Glacier Hwy, Juneau, AK 2/5/16
763 Supercenter 7201 Aaron Aronov Drive, Fairfield, AL 1/28/16
4584 Supercenter 10400 Highland Rd., Hartland, MI 1/28/16
4369 Supercenter 1010 Martin Luther King Pkwy., Durham, NC 1/28/16
2837 Supercenter 4350 N Nellis Blvd., Las Vegas, NV 1/17/16
4342 Supercenter 22209 Rockside Rd., Bedford, OH 1/28/16
2606 Supercenter 721 US Hwy 321 BYP S Unit, Winnsboro, SC 1/28/16
883 Supercenter 14091 FM 490, Raymondville, TX 1/28/16
5493 Supercenter 7480 Padre Island Hwy, Brownsville, TX 1/28/16
5478 Supercenter 8201 N FM 620, Austin, TX 1/28/16
597 Supercenter 7075 FM 1960 Rd W, Houston, TX 1/28/16
3811 Supercenter 61 Plaza Drive, Kimball, WV 1/28/16
5783 Neighborhood Market 117 Audubon Drive, Maumelle, AR 1/17/16
5642 Neighborhood Market 2408 Lincoln Ave., Altadena, CA 1/28/16
5688 Neighborhood Market 6820 Eastern Ave., Bell Gardens, CA 1/28/16
3086 Neighborhood Market 701 W Cesar E Chavez Ave., Los Angeles, CA 1/17/16
5690 Neighborhood Market 2045 E Highland Ave., San Bernardino, CA 1/28/16
4173 Neighborhood Market 12120 Carson St., Hawaiian Gardens, CA 1/28/16
5002 Neighborhood Market 8196 West Bowles Ave., Littleton, CO 1/17/16
3021 Neighborhood Market 2253 S Monaco Pkwy., Denver, CO 1/28/16
2303 Neighborhood Market 333 N Main St., West Hartford, CT 1/28/16
5856 Neighborhood Market 601 N West St. STE 100, Wichita, KS 1/28/16
5860 Neighborhood Market 9831 E Harry St., Wichita, KS 1/28/16
5873 Neighborhood Market 4794 E 13th, Wichita, KS 1/28/16
3097 Neighborhood Market 8235 SW Apple Way, Portland, OR 1/17/16
5995 Neighborhood Market 17711 Jean Way, Lake Oswego, OR 1/28/16
3306 Neighborhood Market 1220 Gallatin Ave., Nashville, TN 1/28/16
3171 Neighborhood Market 2218 Greenville Ave., Dallas, TX 1/28/16
3451 Neighborhood Market 2740 Gessner Rd., Houston, TX 1/28/16
5985 Neighborhood Market 2201 West Southlake Blvd., Southlake, TX 1/28/16
4126 Neighborhood Market 1901 S. Texas Ave., Bryan, TX 1/28/16
5986 Neighborhood Market 4268 Legacy Drive, Frisco, TX 1/17/16
3030 Neighborhood Market 3850 N 124th St., Wauwatosa, WI 1/28/16
3031 Neighborhood Market N88W15559 Main St., Menomonee Falls, WI 1/28/16
5698 Neighborhood Market S14W22605 Coral Drive, Waukesha, WI 1/28/16
4903 Samâ??s Club 941 Grinnell St., Fall River, MA 1/28/16
6648 Samâ??s Club 1110 Fall River Ave., Seekonk, MA 1/28/16
6665 Samâ??s Club 495 Summit Drive, Waterford, MI 1/28/16
6681 Samâ??s Club 25 Pace Blvd., Warwick, RI 1/28/16

[Penny24Seven]

Originally Posted by Sly

GFY traffic is about to skyrocket.

Originally Posted by brassmonkey

moving them to the upscale areas

Do you even read what you post. It says 95% are within 10 miles of another walmart.

Originally Posted by DBS.US

and they wonder why people call them animals.

[brassmonkey]

Originally Posted by Brian837

Do you even read what you post. It says 95% are within 10 miles of another walmart.


and they wonder why people call them animals.

so you are saying the new stores are not moving into areas with higher incomes? stfu!

[Paul Markham]

Originally Posted by Robbie

Yep. Just as anyone with any sense tried to tell people when all that bullshit about paying people more than they are worth started.

Now all those people won't have ANY job.

If the people who shopped at Walmart had higher wages, they would spend more and keep the stores open.

The root cause is too many people sharing a pot that stops them from buying anything other than the bare essentials. The solution is, fewer people all having a slightly bigger slice of the cake. Giving each a bit more to spend at places like Walmart, which ensures their profits.

[seeandsee]

they dont make cash, they close

[Robbie]

Originally Posted by Paul Markham

If the people who shopped at Walmart had higher wages, they would spend more and keep the stores open.

The root cause is too many people sharing a pot that stops them from buying anything other than the bare essentials. The solution is, fewer people all having a slightly bigger slice of the cake. Giving each a bit more to spend at places like Walmart, which ensures their profits.

Paul, not everyone is going to have "higher wages". And no business is going to be successful paying unskilled labor high wages that they don't deserve.

I don't know why it's so hard for people to see how things work.

If I make $1 a day and it costs me 85 cents a day to live I am getting by. If they raise wages and now I make $2 a day, but since everything now costs more to create...it costs me $1.70 to live.

I gained NOTHING.

But the poorest people have just lost out. They suddenly have no access to low priced food and clothing and goods.

You keep raising minimum wage and what you get is stores closing and people being fired.

It's happening right now. And still people want to babble on about forcing businesses to overpay unskilled labor.

[Paul Markham]

Originally Posted by Robbie

Paul, not everyone is going to have "higher wages". And no business is going to be successful paying unskilled labor high wages that they don't deserve.

I don't know why it's so hard for people to see how things work.

If I make $1 a day and it costs me 85 cents a day to live I am getting by. If they raise wages and now I make $2 a day, but since everything now costs more to create...it costs me $1.70 to live.

I gained NOTHING.

But the poorest people have just lost out. They suddenly have no access to low priced food and clothing and goods.

You keep raising minimum wage and what you get is stores closing and people being fired.

It's happening right now. And still people want to babble on about forcing businesses to overpay unskilled labor.

Businesses are closing because a large section of the population doesn't have enough disposable cash.

How many memberships has the bank crash cost you?

There comes a point where the money is so concentrated among so few, it hurts an economy.

The root problem is Population v GDP is going in the wrong direction with a tiny % getting all the growth. Fewer people lead to more sharing more. and spending more. A billionaire only needs 1 membership to jerk off, 1,000 millionaires need 1,000 memberships. Just an example of how money circulates.

[MetaMan]

Originally Posted by Paul Markham

Businesses are closing because a large section of the population doesn't have enough disposable cash.

How many memberships has the bank crash cost you?

There comes a point where the money is so concentrated among so few, it hurts an economy.

The root problem is Population v GDP is going in the wrong direction with a tiny % getting all the growth. Fewer people lead to more sharing more. and spending more. A billionaire only needs 1 membership to jerk off, 1,000 millionaires need 1,000 memberships. Just an example of how money circulates.

The billionaire normally creates the jobs that allow 1000 people to buy memberships. When you make it unprofitable for the billionaire to keep helping to provide those 1000 memberships they close shop. Thus you just lost 1000 memberships.

Businesses are closing because the climate to make money is more difficult. Normally the climate is put in place by idiotic government policy that makes it to hard to operate. There is more wealth in the world then ever. Wealth is not a 1 sum game.

Im always surprised when "business" people talk like this. Well im not because youre opinions are not ones a real businesan makes. Or a successful one anyway.

[TheSquealer]

https://www2.deloitte.com/content/da...rates-2015.pdf

Highest corporate tax rates in the world.

/thread

(though i realize this doesn't help unemployed sig whores like brassmonkey who are understandably anxious to see employment prospects dwindling)

[Robbie]

MetaMan is right on the money with that.

Paul, if you were still shooting...and you could get $3,000 a scene (like you talked Fabian into paying...heh-heh), and you paid the girl you were shooting $1,000...that would be your business model.

You have to pay for the location. You have to pay for your camera and lighting. You took the time in your life to learn your skills.

Now, the govt. comes in and says "no". You have to pay the model $2,000.

So what are you going to do?

You are going to RAISE PRICES so you can make what you did before or you are going out of business.

[TheSquealer]

Originally Posted by Robbie

MetaMan is right on the money with that.

Paul, if you were still shooting...and you could get $3,000 a scene (like you talked Fabian into paying...heh-heh), and you paid the girl you were shooting $1,000...that would be your business model.

You have to pay for the location. You have to pay for your camera and lighting. You took the time in your life to learn your skills.

Now, the govt. comes in and says "no". You have to pay the model $2,000.

So what are you going to do?

You are going to RAISE PRICES so you can make what you did before or you are going out of business.

[Robbie]

That's exactly what's gonna happen Squealer

The answer to people making a good living is not to try and raise wages artificially for unskilled labor. Especially when the economy is weak.

The answer is to get the economy roaring again. When GDP of 2% has become the "norm" over the last 8 years...things are going to remain stagnant.

Govt. policies that get companies returning to the U.S. (less taxes on them) will help get the GDP back to the annual 4% that is needed to make the economy hum.

Paying unskilled and uneducated worker bees $15 an hour to ask "Do you want fries with that" is a recipe for disaster and drives companies and jobs away.

[Sly]

Many companies have 4 employees doing what 3 employees could do if managed and trained properly.

You start out with $10 an hour, that is a cost of $40 an hour with 4 employees (not including everything else like unemployment tax, benefits, etc.) Now you raise the wage to $12 an hour which accounts to a cost of $48 an hour, that's a pretty decent bump.

Company wises up and does one of three things:
1) Eliminate one job, the remaining 3 employees pick up the slack and they save money
2) Invest in alternate labor methods that are now more cost efficient (robots, outsourcing, etc.) and they save money
3) Close shop and nobody has a job

The workforce does not win in any of those scenarios. The company owner wins in 2 of them. Stronger companies will work out the details and make it work and actually come out ahead when all is said and done (the irony here is this will create even more of the wealth distribution issue we keep hearing people crying about,) while the workforce takes another big punch in the gut.

The robots are coming. Lower skilled workforce is better off not expediting that. Unfortunately for them, they are far too shortsighted to see the train they are running towards full blast.

[SilentKnight]

Originally Posted by Vendzilla

Some people need Walmart

Yep...and Walmart needs dead peasants.


Wal-Mart Settles "Dead Peasant Insurance" Suit - Law360

[mineistaken]

Originally Posted by dyna mo

Walmart can't raise prices to cover , that's completely counter to their business model.

Unless the competition raises the prices as well.