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(KTAR Phoenix)   Remember how in the State of the Union the President praised Costco for paying employees a higher than minimum wage? One employee would like to have a rebuttal   (ktar.com) divider line 281
    More: Interesting, State of the Union, Costco, President Obama, Tempe  
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17314 clicks; posted to Main » on 30 Jan 2014 at 12:37 PM (25 weeks ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2014-01-30 02:57:50 PM

SlothB77: OregonVet: That has to be the dumbest thing I read today.

I haven't commented on the story yet.

Yeah, that article was bad.  But the president is doing more to hurt his cause here.

First, he is showing that we don't need to raise the minimum wage to force companies to pay their workers more.  Here he shows CostCo willingly does pay their workers more without government intervention.  Kind of implodes the myth that big retailers don't care about their employees and will only pay them the bare minimum.  So it argues for not raising the minimum wage and let companies have the choice.

Second, Obama says $11.50 an hour still isn't enough.  Well, what is enough?  Where do you draw the line?  Is $12.50 enough?  Is $13.50 enough?  All of these numbers are very arbitrary.  Just like when this gov got involved in health care and thought they could do it smarter than the private sector and it blew up in their face, the same will happen here.  You can't just pick a number arbitrarily and expect everything to function smoothly.  Economies don't work like that.  Even at the current minimum wage figure, companies use illegals in a secondary black market to subvert those controls.  That problem will only get worse if the minimum wage is raised.


First, the exception proves the rule.

Second, no shiat Sherlock. Economics is not a precise science, so that's your argument for fark the poors? Oh, and thanks for pointing out another reason for sweeping immigration reform.

Finally, you sound...wait for it...EXTREMELY CONCERNED.
 
2014-01-30 02:57:52 PM

Mell of a Hess: SlothB77: OregonVet: That has to be the dumbest thing I read today.

I haven't commented on the story yet.

Yeah, that article was bad.  But the president is doing more to hurt his cause here.

First, he is showing that we don't need to raise the minimum wage to force companies to pay their workers more.  Here he shows CostCo willingly does pay their workers more without government intervention.  Kind of implodes the myth that big retailers don't care about their employees and will only pay them the bare minimum.  So it argues for not raising the minimum wage and let companies have the choice.

Second, Obama says $11.50 an hour still isn't enough.  Well, what is enough?  Where do you draw the line?  Is $12.50 enough?  Is $13.50 enough?  All of these numbers are very arbitrary.  Just like when this gov got involved in health care and thought they could do it smarter than the private sector and it blew up in their face, the same will happen here.  You can't just pick a number arbitrarily and expect everything to function smoothly.  Economies don't work like that.  Even at the current minimum wage figure, companies use illegals in a secondary black market to subvert those controls.  That problem will only get worse if the minimum wage is raised.

Let's make it $50/hour.  No matter that milk will be $25/gallon.


If "hurr let's make it $eleventy billion/hr!" is your only argument, you've already lost.
 
2014-01-30 02:58:39 PM

ShawnDoc: I've been shopping at the same Costco for over 10 years.  Some of the current checkers were there when I first started working there (not necessarily as a checker), and its rare to see more than one new face on my monthly visit.  So sounds like this dude either works at a shiatty Costco, or is just full of shiat.


My bet is he is the author's son, who wants to have a cushy job like his old man, but was forced to find a better paying job to fund his hobbies since he won't move out even after getting his degree, &tc.
 
2014-01-30 03:06:18 PM

impaler: However, it does prove big retailers can pay above minimum wage and be profitable.


If they all charge at least $55 membership fee, carry limit products, and stay out of poor neighborhoods.
 
2014-01-30 03:06:54 PM

qorkfiend: hasty ambush: Decisions, Decisions.

Do I believe "if you like your health plan you can keep it-period", "the most transparent administration in history" (despite stonewalling everything from Fast and furious to Food stamp data), "no lobbyist will be employed by my administration", shovel ready and green jobs President?

Or do I believe an anonymous source of information that contradicts the President's claims and by doing that makes the source racist?

Sure, you can believe that the President was lying when he said that Costco pays its employees more than minimum wage. It would make you an idiot, but you're free to believe that.

  Has it been fact checked?  Was the President talking about all Costcos or maybe ones in specific locals that have a higher minimum wage than the federal one?

Of course I am only going by the headline and DNRTFA
 
2014-01-30 03:07:23 PM

mike_d85: hawcian: mike_d85: coeyagi: Funkyourdaughter: I'm salaried, but I usually put in close to 55-60 hours a week.  I don't get overtime.  Be happy you have a job and get back to work.

I am sure you work that salaried position for $11.50.  Maybe $12.  No?  Oh, then maybe you should eat your f*cking apple and stick that orange up your ass.

I did.  And this wasn't some "back in 1992" deal, this was the starting pay at a job I started at 5 years ago.  $24,500 starting.  No OT and I put in at least 50 a week.  More when I became a supervisor 6 months into starting without a raise.

Where was this?

A shipping company in South Carolina.  The turnover was sky-high for new employees.  They could only keep people who wanted a job for benefits.  I've never heard of benefits better outside of military.  And a few military took the benefits there because they didn't like the VA.

I assumed for years that I would hit a point where I would get paid significantly more.  I did, but I found out a LOT about micro-management from that job.  I was to monitor salary employees' breaks to ensure they were exactly 15 minutes.  If an employee was not at their desk working at precisely 8am, I was to have them make up time Friday evening and only Friday evening.  The same rule applied to breaks and lunch.

Management training amounted to "Sociopath 101" including how to recognize when an employee is job hunting so you can deny time off on short notice and change their breaks.


Hrrm... wonder why, so high turnover was, I am.
 
2014-01-30 03:07:25 PM

SlothB77: OregonVet: That has to be the dumbest thing I read today.

I haven't commented on the story yet.
Just like when this gov got involved in health care and thought they could do it smarter than the private sector and it blew up in their face,


Well, bless your heart.  I'm sure you do the best you can.

 
2014-01-30 03:08:10 PM
If Costco is so successful and pays their employees more while maintaining this level of success, why isn't there one within 100s of miles of my house? Walmart has money to expand here.

/game, set, match
 
2014-01-30 03:10:58 PM

Bullseyed: why isn't there one within 100s of miles of my house


Maybe you smell funny?
 
2014-01-30 03:11:17 PM
"I guarantee that if workers had a little more money in their pocket, they'll spend more at Costco," the president said. "And if Costco starts seeing more customers, they'll start hiring some more folk."

I had a libby friend try that logic.  "All these companies are just sitting on money.  They need to hire more people.  It doesnt matter if the work is there.  Those people will have money and they will buy more things from the company.  Everyone wins"

I then then asked him what the company does if the employees decide they want a big screen tv instead of a vacuum cleaner their employer sells.  The company would then be out the money, have increased weekly expenses, and be less likely to survive a recession.

He said nothing.. but later kept up his opinion that business just need to pay more money.  (and orders will magically show up)

Needless to say, he never owned a business in his life, and works for the federal government.
 
2014-01-30 03:11:57 PM

Newfiesnowman: After all, getting whatever you can will make you no happier. There's no difference in happiness between 10,000 / month, 100,000/month or 1,000,000 / month. You will however notice a major difference in happiness between 1,000/month and 10,000/month. Why? Simple, once you can afford to do things you can afford to do things. The logo on the car or jeans won't make you any happier then the point at which you can comfortably afford jean or a car.


I doubt either of us are in the position to know that.
 
2014-01-30 03:13:19 PM

Bullseyed: If Costco is so successful and pays their employees more while maintaining this level of success, why isn't there one within 100s of miles of my house? Walmart has money to expand here.

/game, set, match


Could be like the town my brother lives in....

The local commerce board and city hall are actively blocking them because they want to remain "small town". Include surrounding county, it is 50000 peeps nearby and another 20k within 30 minutes.

Sigh.
 
2014-01-30 03:15:51 PM
Maybe my Costcos are different, but I've seen the same people working there forever, so I don't think they have massive turnover issues.
 
2014-01-30 03:16:04 PM

ndeans: That worker is most likely a millennial. They biatch and moan about having to get out of bed in the morning. I could feel some sympathy if he said he is having to work overtime with short pay, or say he actually wasn't getting the $11.50 an hour like they say he is. But he doesn't. Instead it is all "Blah, blah, blah. I have to actually do work and shiat. It's hard to have to earn my living and get paid for it."


Well, to be fair, I do too...
 
2014-01-30 03:16:32 PM

Bullseyed: If Costco is so successful and pays their employees more while maintaining this level of success, why isn't there one within 100s of miles of my house? Walmart has money to expand here.

/game, set, match


So Wal-Mart is there and Costco is not, huh?  Maybe your area is just full of poors.  Pretty sure there aren't any Costco stores in eastern Kentucky, either.
 
2014-01-30 03:17:16 PM
BTW, this isn't a really bad rate. 1 in 127,000 U.S.Costco employees disagrees with Obama.
 
2014-01-30 03:19:50 PM

Lexx: bongmiester: Lando Lincoln: "Sure, we start out at $11.50 per hour, but they work us really hard! And there's high turnover!"

Apparently this guy hasn't worked in other places, like Kmart, where they have the same problems but they pay you less.

it's been my experience that the amount you are worked is inversely proportional to the amount your are paid (for some reason)
You're not the only one who's noticed that.  I worked far harder for $6.85 an hour than I did for $65,000 a year.


Wow.. this just in.  If you do not have to use your brain, you might have to do some work.

Who would have thought that most engineers do not make $11 an hour and have skinny arms.
 
2014-01-30 03:25:50 PM

SlothB77: OregonVet: That has to be the dumbest thing I read today.

I haven't commented on the story yet.

Yeah, that article was bad.  But the president is doing more to hurt his cause here.

First, he is showing that we don't need to raise the minimum wage to force companies to pay their workers more.  Here he shows CostCo willingly does pay their workers more without government intervention.  Kind of implodes the myth that big retailers don't care about their employees and will only pay them the bare minimum.  So it argues for not raising the minimum wage and let companies have the choice.

Second, Obama says $11.50 an hour still isn't enough.  Well, what is enough?  Where do you draw the line?  Is $12.50 enough?  Is $13.50 enough?  All of these numbers are very arbitrary.  Just like when this gov got involved in health care and thought they could do it smarter than the private sector and it blew up in their face, the same will happen here.  You can't just pick a number arbitrarily and expect everything to function smoothly.  Economies don't work like that.  Even at the current minimum wage figure, companies use illegals in a secondary black market to subvert those controls.  That problem will only get worse if the minimum wage is raised.


You're right! One retailer paying their employees more than minimum wage proves that we don't need to increase the minimum wage, except that it doesn't. That's like saying one person giving 5 dollars to a homeless man means we can get rid of soup kitchens.

Here a good place to start drawing that line, right about where the taxpayers don't have to pick up the tab for the welfare that companies like McDonalds and Walmart get.

http://business.time.com/2013/10/15/fast-food-workers-are-costing-th e- u-s-7-billion-a-year-in-public-aid/

How is it you're OK with the taxpayers bailing out big companies for not paying their workers a livable wage? Nothing causes big government like having to have agencies to distribute money for food to employees who aren't paid a livable wage by the companies that employ them. So you want to get rid of the minimum wage so we can have higher taxes and bigger government?

This is one of the dumber republican arguments I've ever heard, and I've been hearing it a lot lately.
 
2014-01-30 03:27:22 PM

Lando Lincoln: SlothB77: First, he is showing that we don't need to raise the minimum wage to force companies to pay their workers more.

No, we do, since 99% of company owners would rather have their teeth removed with rusty pliers than give their workers a decent salary. The President was using Costco as a good example of how well and profitable a company can run when their workers are treated well to show the business world that it actually CAN be done.


Of course it can be done.  All companies need to do is only have shops in wealthy white neighborhoods and non where city dwellers live.  I'm sure that will work out well.
 
2014-01-30 03:28:05 PM
Fark Costco, I rather work for BJs
 
2014-01-30 03:30:02 PM

Mell of a Hess: SlothB77: OregonVet: That has to be the dumbest thing I read today.

I haven't commented on the story yet.

Yeah, that article was bad.  But the president is doing more to hurt his cause here.

First, he is showing that we don't need to raise the minimum wage to force companies to pay their workers more.  Here he shows CostCo willingly does pay their workers more without government intervention.  Kind of implodes the myth that big retailers don't care about their employees and will only pay them the bare minimum.  So it argues for not raising the minimum wage and let companies have the choice.

Second, Obama says $11.50 an hour still isn't enough.  Well, what is enough?  Where do you draw the line?  Is $12.50 enough?  Is $13.50 enough?  All of these numbers are very arbitrary.  Just like when this gov got involved in health care and thought they could do it smarter than the private sector and it blew up in their face, the same will happen here.  You can't just pick a number arbitrarily and expect everything to function smoothly.  Economies don't work like that.  Even at the current minimum wage figure, companies use illegals in a secondary black market to subvert those controls.  That problem will only get worse if the minimum wage is raised.

Let's make it $50/hour.  No matter that milk will be $25/gallon.


Yes it's much better to let McDonald's get rich while the taxpayers fund the welfare it's employees are on.

http://www.businessweek.com/articles/2013-10-15/mcdonalds-low-wages- co me-with-a-7-billion-side-of-welfare

It's much better that employed people be taxed more so that McDonalds can make more money, you know, as long as milk is still cheap (milk is cheap because it's subsidized by the government, anyway).

http://www.csmonitor.com/USA/Politics/2013/1206/Milk-for-7-a-gallon-F a rm-bill-impasse-could-send-US-off-dairy-cliff.
 
2014-01-30 03:38:46 PM
"I don't like the way they treat their employees, and I don't like some of the products they import," she said. "Even though some of Costco's products are imported, I still like them better."

WTF does that even mean? I know it's English and Iooks to be grammatically correct but how come I'm confuse then?

What exactly is she trying to say? WHAT?!?!?
 
2014-01-30 03:44:13 PM

Magnanimous_J: Newfiesnowman: After all, getting whatever you can will make you no happier. There's no difference in happiness between 10,000 / month, 100,000/month or 1,000,000 / month. You will however notice a major difference in happiness between 1,000/month and 10,000/month. Why? Simple, once you can afford to do things you can afford to do things. The logo on the car or jeans won't make you any happier then the point at which you can comfortably afford jean or a car.

I doubt either of us are in the position to know that.


No, but it doesn't make it any less true.

Lets say you find yourself in the woods, cold, hungry, thirsty and alone. Then someone finds you brings you back to their shack gives you some warm tea and a meal. You're happiness just went from non-existent to immeasurable.

That basically happened to us as a society. Then, we took that same idea and figured hey, look how our happiness increased because we are now warm and fed, imagine what it'd be if we had Steak! After the steak was delicious we thought, hmmmm, you know what would be even better? A yacht to eat the steak on! shiat yeah it makes you happy for a short period but it's no where near that first happiness fix we had. So, how do we get that fix again?

What is life if not an experience? Deep I know. I firmly believe my experience shouldn't come at the expense of someone else.

This is why a wage cap of 250 - 300 times the lowest paid worker is not unreasonable. An argument could even be made that it'd increase profits being that the CEO gets paid based on the lowest livable wage of their employees. Novel concept
 
2014-01-30 04:02:46 PM
So one anonymous worker complains about his wage that's already higher than the proposed new minimum wage... and then the rest of TFA also disagrees with him as well.

Wow, gee, I'm sure convinced...
 
2014-01-30 04:07:14 PM

KidneyStone: And I made bare-ass minimum wage.

And I have no regrets about any of it - learning those skills allowed me to replace all of the crappy polybutylene plumbing in my house all by myself. Saved about $2,000 over having it done by a contractor



If you had worked at Costco you could have afforded that $2000.
 
2014-01-30 04:14:39 PM
The article was too dumb to engage so let me instead note these interesting facts:

Sam's Club also charges a membership fee, has the exact same business model as Costco but only pays, on average minimum wage. According to the Harvard Business Review, Costco's average hourly wage for employees is 72% higher than Sam's ($17 vs $9.62/hr) Furthermore 82% of Costco workers have health insurance vs. only 50% of Sam's workers and Costco pays 88% of health insurance premiums whereas Sams pays just 66%
Despite all this, even though Costco is paying MUCH more per employee, Costco has MUCH higher profits both overall and on a per-store basis. Some of the reasons for that is employee turn-over is much lower than at Sams 17% v 44% which saves Costco almost half-billion a year in employee turn over costs. Also Costco has the lowest rate of "shrinkage" in the industry (theft of inventory by workers) saving them even more.
They really are doing good by doing right
 
2014-01-30 04:15:15 PM
Here's a good thought experiment regarding minimum wage:

1) Would you be fine with minimum wage being set at your current earnings?

2) Would you still put in the same amount of effort at your job if you knew that you were compensated at the minimum amount required by law?

3) Would you contine to work at your same job, or would you find another job, knowing that you wouldn't be any worse of financially for having done so?

4) Would you still invest the same amount of time and effort in your education and career development, knowing that those efforts don't produce an incremental benefit in your earning capacity?

5) Assume we let the minimum wage be less than what you make. What level should that be? What impact would it have on those who were above minimum wage, who now find themselves at minimum wage?

6) For those who are currently at minimum wage, and still seem barely able to handle their jobs, do you think they would be employed at a higher minimum wage, or do you think they would be chronically locked out of the labor market?
 
2014-01-30 04:16:07 PM
"Costco Employee biatches About 'Working Too Hard' For Higher-Than-Minimum-Wage Pay."

FTFY
 
2014-01-30 04:18:03 PM

SlothB77: OregonVet: That has to be the dumbest thing I read today.

I haven't commented on the story yet.

Yeah, that article was bad.  But the president is doing more to hurt his cause here.

First, he is showing that we don't need to raise the minimum wage to force companies to pay their workers more.  Here he shows CostCo willingly does pay their workers more without government intervention.  Kind of implodes the myth that big retailers don't care about their employees and will only pay them the bare minimum.  So it argues for not raising the minimum wage and let companies have the choice.

Second, Obama says $11.50 an hour still isn't enough.  Well, what is enough?  Where do you draw the line?  Is $12.50 enough?  Is $13.50 enough?  All of these numbers are very arbitrary.  Just like when this gov got involved in health care and thought they could do it smarter than the private sector and it blew up in their face, the same will happen here.  You can't just pick a number arbitrarily and expect everything to function smoothly.  Economies don't work like that.  Even at the current minimum wage figure, companies use illegals in a secondary black market to subvert those controls.  That problem will only get worse if the minimum wage is raised.


How much is "enough"? Well, that's very simple.  Enough is the Hourly wage that allows a person to wrk 40 hours per week and not need government assistance to afford healthcare, Housing, transportation or food.  In other words "enough" is the number at which the economic activity and profits of a large corporation are nont subsidized by me, the taxpayer in the form of financial assistance to its employees
 
2014-01-30 04:21:17 PM

Magorn: Sam's Club also charges a membership fee, has the exact same business model as Costco but only pays, on average minimum wage.


Magorn: According to the Harvard Business Review, Costco's average hourly wage for employees is 72% higher than Sam's ($17 vs $9.62/hr)


So which is it?
 
2014-01-30 04:26:41 PM
 Yah I know this place pretty good, I went to law school here.

qzprod.files.wordpress.com
 
2014-01-30 04:29:05 PM

Nutsac_Jim: Of course it can be done. All companies need to do is only have shops in wealthy white neighborhoods and non where city dwellers live. I'm sure that will work out well.


Hope you're not talking about Costco, which has a location in the city of Chicago. Also several other large cities.
 
2014-01-30 04:29:52 PM

Uncontrolled_Jibe: SphericalTime: What about a maximum wage? CEOs could only make 200x more than the lowest paid employee at a company. That mean that if your minimum wage is 30,000 dollars a year, your CEO is maxed out at 6 million. That would make the CEOs raise their starting salaries pretty quickly.

So if you have 100 employees at $30k or 10,000 employees at $30k you make the same pay?


If you can't figure out how to raise everyone's pay, then yes.

Lol, of course suddenly every single person in America would suddenly become a "independent contractor."
 
2014-01-30 04:35:45 PM

Funkyourdaughter: I'm salaried, but I usually put in close to 55-60 hours a week. I don't get overtime. Be happy you have a job and get back to work.


So you're getting taken advantage of and instead of fixing your situation, you want everyone else to get taken advantage of. Doesn't matter what you do, if you're not getting overtime you're being taken advantage of. Also if you're working those hours every week, you're being taken advantage of.
 
2014-01-30 04:43:29 PM

gar1013: Here's a good thought experiment regarding minimum wage:

1) Would you be fine with minimum wage being set at your current earnings?

2) Would you still put in the same amount of effort at your job if you knew that you were compensated at the minimum amount required by law?

3) Would you contine to work at your same job, or would you find another job, knowing that you wouldn't be any worse of financially for having done so?



Here's where your thought experiment failed.  You didn't realize if minimum wage was set at my current compensation level, my current employer would raise the salary for my position in order to keep competitive.  They'd probably raise prices, not that they need to because they can afford it quite easily.

But yes, yes I would keep working my same job even if other people in easier jobs made as much as I do.  I don't gauge my success by how much better I am doing than other people.  You see, I'm not an asshole like it seems you are.  I get by just fine.  If my neighbors are also getting by just fine, that has no bearing on my life -- I'm happy for them.
 
2014-01-30 04:44:21 PM

Newfiesnowman: Uncontrolled_Jibe: SphericalTime: What about a maximum wage? CEOs could only make 200x more than the lowest paid employee at a company. That mean that if your minimum wage is 30,000 dollars a year, your CEO is maxed out at 6 million. That would make the CEOs raise their starting salaries pretty quickly.

So if you have 100 employees at $30k or 10,000 employees at $30k you make the same pay?

YES! That's still 6,000,000 / year or 500,000 / month. What does it matter that you have 100, 10,000, or 100,000? Are you even trying to argue that anyone deserves more then 500,000/month?

It's greed and nothing short of that. Most people would be happy with 100,000 / year.

Also, if someone wants to pay me 6,000,000 per year and tax me at 70% I'm perfectly fine with that. You'd still clear 1,800,000 per year or 150,000 / month.

Seriously, what's wrong with people?


Well, and the nice thing is that if you thought that you deserved more than that, all you would have to do is raise the wages of the lowest paid employees.  If you've got 250 people making 60,000 a year, that probably deserves more than the 500,000 a month.

On the other hand, if you're Walmart, and your business is built around a million employees making poverty level wages, you definitely don't deserve even six million dollars a year.
 
2014-01-30 04:46:09 PM
How the F did this get greenlit with the "Interesting" tag?  Hey subby use the Asinine tag for 1) an article as ridiculously stupid as this, 2) for the poor worker whining about having to work hard.
 
2014-01-30 04:49:24 PM

WhyteRaven74: Funkyourdaughter: I'm salaried, but I usually put in close to 55-60 hours a week. I don't get overtime. Be happy you have a job and get back to work.

So you're getting taken advantage of and instead of fixing your situation, you want everyone else to get taken advantage of. Doesn't matter what you do, if you're not getting overtime you're being taken advantage of. Also if you're working those hours every week, you're being taken advantage of.


But he/she likes it when her company takes advantage of her!  How else can she prove to the people that she works for that she's sufficiently grateful for the chance to spend ten or more hours at work every day for them?
 
2014-01-30 04:52:36 PM
Sounds like the whiny farks who complain about the company on Glassdoor because the starting wage isn't enough to live near work.

It's an entry level position in the call center, it pays full benefits, and you can work from your farking home (and the company will provide the computer/phone/software).

Oh, and it's $15/hour to start.

Some people are never happy.
 
2014-01-30 05:00:47 PM
Every place I have ever worked paid more because of 1) the work was harder and they couldn't keep workers or 2) they required more skill to do the work.  Most kids today are hard workers, however the whiny farkers are the ones that get the most attention (and get promoted to management)
 
2014-01-30 05:07:54 PM

impaler: SlothB77: First, he is showing that we don't need to raise the minimum wage to force companies to pay their workers more.  Here he shows CostCo willingly does pay their workers more without government intervention.  Kind of implodes the myth that big retailers don't care about their employees and will only pay them the bare minimum.

Like all Republican, you fail at basic logic.

The existence of CostCo does not prove big retailers care about their employees, because Wal Mart proves they don't.

However, it does prove big retailers can pay above minimum wage and be profitable.



<sarcasm on>
By his logic if 99.99999% of the people do not game the voting system then we do not need voter ID. Wait a minute I think that might work.

<sarcasm off>

The real problem Mr SlothB77 is that there is significant evidence that a the number of retailers like WalMart far exceed the number like CostCo.

<sarcasm on>
If only everyone was as smart and logical as SlothB77 the world would be a better place.
<sarcasm off>

The tags are to help the humor impaired.
 
2014-01-30 05:10:57 PM
i got my law degree there. President Camacho rocks.
 
2014-01-30 05:11:14 PM

Bullseyed: If Costco is so successful and pays their employees more while maintaining this level of success, why isn't there one within 100s of miles of my house? Walmart has money to expand here.

/game, set, match


Costco wants educated rational customers and Walmart does not care?
 
2014-01-30 05:20:19 PM

SphericalTime: Newfiesnowman: Uncontrolled_Jibe: SphericalTime: What about a maximum wage? CEOs could only make 200x more than the lowest paid employee at a company. That mean that if your minimum wage is 30,000 dollars a year, your CEO is maxed out at 6 million. That would make the CEOs raise their starting salaries pretty quickly.

So if you have 100 employees at $30k or 10,000 employees at $30k you make the same pay?

YES! That's still 6,000,000 / year or 500,000 / month. What does it matter that you have 100, 10,000, or 100,000? Are you even trying to argue that anyone deserves more then 500,000/month?

It's greed and nothing short of that. Most people would be happy with 100,000 / year.

Also, if someone wants to pay me 6,000,000 per year and tax me at 70% I'm perfectly fine with that. You'd still clear 1,800,000 per year or 150,000 / month.

Seriously, what's wrong with people?

Well, and the nice thing is that if you thought that you deserved more than that, all you would have to do is raise the wages of the lowest paid employees.  If you've got 250 people making 60,000 a year, that probably deserves more than the 500,000 a month.

On the other hand, if you're Walmart, and your business is built around a million employees making poverty level wages, you definitely don't deserve even six million dollars a year.


Exactly and you'd no doubt see walmart employee salaries rise. The CEO is still responsible to the shareholders but their salary is dependent solely upon their employees which is as is should be. It's just a theory, but I'm willing to bet morale and productivity would increase throughout the work force. Said CEO would be invested in the development and progress of their employees just as much as the business.

Forcing companies to be socially responsible through CEO pay. Imagine.
 
2014-01-30 05:22:37 PM

ndeans: That worker is most likely a millennial. They biatch and moan about having to get out of bed in the morning. I could feel some sympathy if he said he is having to work overtime with short pay, or say he actually wasn't getting the $11.50 an hour like they say he is. But he doesn't. Instead it is all "Blah, blah, blah. I have to actually do work and shiat. It's hard to have to earn my living and get paid for it."


My guess would be a Fox News watching, 40 something Palinite.
 
2014-01-30 05:43:40 PM
Maybe he should go work at Walmart and get on food stamps?

Hey at least then he gets a 30 hour work week.
 
2014-01-30 05:45:00 PM

OregonVet: That has to be the dumbest thing I read today.


your posting on fark
 
2014-01-30 05:49:32 PM

sdd2000: Bullseyed: If Costco is so successful and pays their employees more while maintaining this level of success, why isn't there one within 100s of miles of my house? Walmart has money to expand here.

/game, set, match

Costco wants educated rational customers and Walmart does not care?


Well, I've yet to see a People Of Costco website..
 
2014-01-30 05:50:03 PM

SlothB77: OregonVet: That has to be the dumbest thing I read today.

I haven't commented on the story yet.

Yeah, that article was bad.  But the president is doing more to hurt his cause here.

First, he is showing that we don't need to raise the minimum wage to force companies to pay their workers more.  Here he shows CostCo willingly does pay their workers more without government intervention.  Kind of implodes the myth that big retailers don't care about their employees and will only pay them the bare minimum.  So it argues for not raising the minimum wage and let companies have the choice.

Second, Obama says $11.50 an hour still isn't enough.  Well, what is enough?  Where do you draw the line?  Is $12.50 enough?  Is $13.50 enough?  All of these numbers are very arbitrary.  Just like when this gov got involved in health care and thought they could do it smarter than the private sector and it blew up in their face, the same will happen here.  You can't just pick a number arbitrarily and expect everything to function smoothly.  Economies don't work like that.  Even at the current minimum wage figure, companies use illegals in a secondary black market to subvert those controls.  That problem will only get worse if the minimum wage is raised.


Right that is why we should do away with the minimum wage and guarantee every health adult an annual income of 50,000 dollars a year, tied to inflation. Sure, some will have to suffer for everyone to have a great standard of living comrade, but that is the price you pay in service to the state.
 
2014-01-30 06:15:41 PM

DrewCurtisJr: impaler: However, it does prove big retailers can pay above minimum wage and be profitable.

If they all charge at least $55 membership fee, carry limit products, and stay out of poor neighborhoods.


Limited products? I only get meat, protein powder, and whiskey from Costco.

And if they can open a warehouse in the poorer areas of San Jose, San Leandro, and Richmond, I'm gonna disagree with the last part.

You're right about the membership fee funding their profits, but I make it back in AmEx rewards.

I love Costco.
 
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