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If Walmart Paid Its Employees a Living Wage, How Much Would Prices Go Up?
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I don't understand this push to legislate pay rates. Think you're worth more than Wal Mart wage, prove it.
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Or something that cost 500$ is now 505$.
But still funny rise, why they dont do it for their employes? |
Don't get me wrong - I'm no fan of Wal-Mart.
But why do they always target (no pun intended) Wal-Mart as an example? They make it sound as if Wal-Mart is the only employer that doesn't pay its employees a 'living wage'. |
Supply and demand. Why do they need to pay more when there is a waiting list for their shit-low-paying jobs?
"Despite pushback from the city council, Walmart will open its first two stores in D.C. next month. But getting a job there will prove difficult since the chain received 38 applications for each job opening" http://www.thedailybeast.com/article...o-harvard.html . |
I shop sometimes at a regional competitor of Walmart, they range in between Walmart and Target I guess quality wise, with their groceries of lesser or equal quality to those at Kroger. |
Min wage here in Australia is about $20 USD a hour does not seem to of affected us much, dodged the recession, housing prices going up, unemployment 4-7%
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I love how the rabble have latched onto the political invention of a "living wage"
Yes rabble, it's walmart's fault you're not successful |
The min wage in the UK has meant that supermarkets simply have less staff and now use selfe service.
It has meant some firms (such as call centers) to ask you to go in early to set up, and to stay if you get a call. Some firms will pay you x hours but expect you to work more. To cover costs supermarkets put up costs on food. The poor (such as elderly) end up paying out more. The extra wage has got many landlords to put up rent so peopole fiond they are no better off. Young who would have got a low pay job (but as they live at home its more than somone who has rent to pay) now cannot get on the first leg of ladder of work. Meanwhile countries such as china cut prices and take jobs away. however it makes the middle class happy as they think its great. |
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Why does government give food stamps and not $ directly? |
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profits would shrink :helpme they would dump your ass if they are not making the right level.
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One of the main reasons is that many of these lower paying jobs don't come with health insurance. The same people that qualify for food stamps also likely qualify for medicaid or some other state health insurance, especially if they have a kid. Others will also quality for housing assistance and daycare assistance.
If Wal-Mart paid them enough to get above this poverty level these people would no longer qualify for these things and they would seek them elsewhere. The first place they would look would be their current employer Wal-Mart. Never mind the daycare or the housing assistance, If there was suddenly massive pressure on Wal-Mart to give these people health insurance it would raise their costs even more. They are big enough that they likely could do it and still make plenty of profit while only raising prices a tiny bit, but they have no interest in rocking the boat. |
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why would Wal-Mart pay more ???
employees can go and get food stamps to survive :2 cents: NOTE: when I went there in Feb ( Florida ) to buy a 70.. tv, the clerk couldn.t care less about taking the order !!!! I ened up ordering it on line . |
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I think Wal-Mart also knows that people come there for the cheap prices, not the customer service. If they raised wages the might attract better overall employees, but those people may well be smart, more driven, and/or focused and would possibly want more opportunity and more from the company. Like I said before, they don't want to rock the boat. They have a good thing going and are raking in the profits. |
Google "Wal-Mart and dead peasant insurance".
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So in all the calculations about the price increase they could include increased number of sales as well (which would mean smaller price increase than stated). Not that I am for wage increase, just saying that issue advocated could use this bullet point as well :) |
It's probably a little more complex than what's in that video, with more variables they're not taking in to account -- but it mostly makes sense. You all can cry about how the government shouldn't intervene in pay rates, but your tax dollars are paying for these people who work for billionaires too cheap to make adjustments that could get people out of the hand-out line.
Corporations like McDonald's and Walmart are happy to let YOU pay to support their workers because to them they're just subhuman drones to fund their new yacht purchase. |
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Thanks to obabacare pretty soon min wage workers won't even get 30 hours a week on their paychecks.
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They could raise the wage and pay like Costco does and they would likely keep people around and it could increase sales, but the question I would wonder is: would the increase in sales be enough to justify the higher wages and benefits? I think Wal-Mart is going to have big sales numbers no matter what. People want a bargain and that is what they offer. |
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Just take a look at all/most major supermarkets/retailers. Most of them are paying low wages so it seems that it is the better business model than "treating employees like family". :2 cents: |
For the most part American consumers have turned into cheap fucks. You can't sell to cheap fucks with well paid employees.
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Tax payers foot the bill for the low min wage
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I was always taught that prices were based on supply and demand, not the bottom-line of the corporation. Now, if they increased min wage with the cost of living, we would have more money... we would buy more things we otherwise would not due to budgeting... many things would likely be cheaper.
Unless of course the prices were based on the corporations bottom-line. |
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this is a stepping stone job :2 cents: students retirees part time. if you want a job like this for life warehouse is the way. lots of jobs there
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Cost of living is rising faster than our pay increases. Hell, we just got hit with a 40% increase with our Enbridge natural gas...translates to $400 more per year. Along with that our hydro is going up. Our city just approved a 9.4% increase in water & sewer rates. Gas companies are bending us over at the pumps on a daily basis. Beef prices are soaring this summer due to last year's drought and cattle farmers cleared out much of their cattle inventory. I can't blame consumers for being 'cheap fucks' these days. Necessity does what it has to. |
either way you are paying. Low pay means workers go on food stamps, and/or Medicaid. But as long as it's the tax payer footing the bill..it's all good!
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