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(The Raw Story)   PSA fills in for Obvious which earlier asploded, remains in critical yet stable condition, after hearing Walmart admit that losing stamp collectors cuts deep into profits. Please send all flowers and cards to St. Drew's Hospital   (rawstory.com ) divider line
    More: PSA, Walmart, account of profits, stable condition  
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2493 clicks; posted to Business » on 01 Feb 2014 at 7:44 PM (2 years ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2014-02-01 05:19:24 PM  
Stamp collectors? I would think the post office would be more concerned
 
2014-02-01 05:58:34 PM  
Subby, is Engrish your second language?
 
2014-02-01 06:01:36 PM  
I tried putting a food stamp on the envelope but the postman wouldn't take it.
 
2014-02-01 06:15:44 PM  
WalMart business model

1. Cut expenses by paying poverty wages and let government support make up the difference.

2. Increase revenue from the usage of that government support.

3. Profit! (x2)
 
2014-02-01 07:57:42 PM  

Peter von Nostrand: Stamp collectors? I would think the post office would be more concerned


Lsherm: Subby, is Engrish your second language?


Something tells me it's a derogatory way of referring to people with EBT cards.
 
2014-02-01 08:06:46 PM  
Yeah, subby tried and failed with this headline.

//E for Effort!
 
2014-02-01 08:23:03 PM  
If you shop at Walmart, you are the problem.
 
2014-02-01 08:41:03 PM  

BumpInTheNight: If you shop at Walmart, you are the problem.


Then I'm a problem.  I did get my prescriptions filled at CVS, but one of them isn't covered by insurance, so I moved it over to Wal Mart.  CVS price?  $72 a month.  Wal Mart price?  $56 a month.

I'm not giving an extra $16 every month to CVS because WM sucks.  Tell CVS to get their prices in line.
 
2014-02-01 08:55:45 PM  

Lsherm: I did get my prescriptions filled at CVS, but one of them isn't covered by insurance, so I moved it over to Wal Mart.  CVS price?  $72 a month.  Wal Mart price?  $56 a month.


This is one of those things I can't believe there are so many outlets for.  Sure, there are drugs that can't be easily shipped or sudden-need cases.  But, my one maintenance med? Comes from an online pharmacy for as cheap as any big box store.  It's on a auto-renewal, so I don't even think about "I'm running out", there's just a new bottle in my mailbox every three months. And I don't have to stand in the line with the 20 people needing Sudafed.

/ buying everything online is probably also part of the problem
 
2014-02-01 09:12:18 PM  

Lawnchair: Lsherm: I did get my prescriptions filled at CVS, but one of them isn't covered by insurance, so I moved it over to Wal Mart.  CVS price?  $72 a month.  Wal Mart price?  $56 a month.

This is one of those things I can't believe there are so many outlets for.  Sure, there are drugs that can't be easily shipped or sudden-need cases.  But, my one maintenance med? Comes from an online pharmacy for as cheap as any big box store.  It's on a auto-renewal, so I don't even think about "I'm running out", there's just a new bottle in my mailbox every three months. And I don't have to stand in the line with the 20 people needing Sudafed.

/ buying everything online is probably also part of the problem


I'll be moving to online shortly, but I just had to switch doctors because my old doctor killed a woman in a DUI and my new doctor won't give me unlimited refills until I've seen him one more time.
 
2014-02-01 10:38:28 PM  
Also the terrible shortage of Amigos and Hoverounds.
 
2014-02-01 10:44:41 PM  

Lsherm: BumpInTheNight: If you shop at Walmart, you are the problem.

Then I'm a problem.  I did get my prescriptions filled at CVS, but one of them isn't covered by insurance, so I moved it over to Wal Mart.  CVS price?  $72 a month.  Wal Mart price?  $56 a month.

I'm not giving an extra $16 every month to CVS because WM sucks.  Tell CVS to get their prices in line.


The reason Walmart employees are paid so poorly is this bottom line above all else mentality. Shoppers don't pay Walmart enough.

The solution, of course, is to not pay them anything.
 
2014-02-01 10:50:54 PM  

BumpInTheNight: If you shop at Walmart, you are the problem.


Yeah, if everyone would just take their business elsewhere, Walmart would raise these low employee salaries.

Wait, no, they'd just fire everyone. At least this way, these people are getting some money from Walmart.

See, people seem have it backwards. It's not the government that is subsidizing walmart's low wages. It's Walmart that is subsidizing the government by giving otherwise unemployable people some money, and something to do.

Without Walmart, they'd totally be on the dole.
 
2014-02-01 11:14:46 PM  
Looks like there's a new contender for Jumbled Rambling Mess of a Headline of the Year.
 
2014-02-01 11:19:39 PM  

sendtodave: The reason Walmart employees are paid so poorly is this bottom line above all else mentality. Shoppers don't pay Walmart enough.

The solution, of course, is to not pay them anything.


CVS doesn't pay their employees any more and I fail to see how sending extra money to CVS's corporate office is going to help the workers.

So fark 'em.  They want my business they can compete for it.
 
2014-02-01 11:37:00 PM  
after hearing Walmart admit that losing stamp collectors cuts deep into profits

"Admit"? Like they ever attempted to conceal that food stamp recipients make up a big part of their customer base? And by the way, shouldn't the news that poor people flock to WalMart to spend their benefits cause you WalMart haters to "admit" that poor people would be hurt if WalMart wasn't around for them to help them get the most bang for their (virtual) bucks?
 
2014-02-01 11:39:58 PM  
Philately will get you nowhere.

/dilbert
 
2014-02-01 11:40:17 PM  
Subby needs more or fewer drugs.
 
2014-02-01 11:45:18 PM  
There's a charge for Brazilian tax reviews, how many pubes did they have to remove?
 
2014-02-02 12:29:33 AM  
pricipal caught sayof
 
2014-02-02 12:38:12 AM  
Walmart warns: Food stamp cuts hurt our profits and make our employees go hungry.
 
2014-02-02 01:42:03 AM  
Hard to see why Walmart isn't taking the blame here. It seems rather ironic that a company who makes it a policy to assure that their workers can maximize the amount of government supplemental aid they receive gets burned when recipients choose not to spend their benefits there.
 
2014-02-02 02:51:05 AM  
When this is all said and done, I wonder if sticking it to the poors for a few nickels is going to be worth the political fallout.
Sure hope they got some satisfaction out of it - because it is going to cost them.
 
2014-02-02 02:59:48 AM  

BumpInTheNight: If you shop

 are so worthless that the only job you can get is at Walmart, you are the problem.
 
2014-02-02 03:03:01 AM  

sendtodave: The reason Walmart employees are paid so poorly is this bottom line above all else mentality.


Oddly enough, this is the exact same reason that Google pays their employees so well.
 
2014-02-02 03:35:42 AM  

DrPainMD: BumpInTheNight: If you shop are so worthless live somewhere where the only job you can get is at Walmart because Walmart drove all the small businesses away/to close, you are not the problem.

 
2014-02-02 05:10:47 AM  

sendtodave: BumpInTheNight: If you shop at Walmart, you are the problem.

Yeah, if everyone would just take their business elsewhere, Walmart would raise these low employee salaries.

Wait, no, they'd just fire everyone. At least this way, these people are getting some money from Walmart.

See, people seem have it backwards. It's not the government that is subsidizing walmart's low wages. It's Walmart that is subsidizing the government by giving otherwise unemployable people some money, and something to do.

Without Walmart, they'd totally be on the dole.


Those people were much better off with the jobs that were available before walmart showed up in their neighborhood, you can't understand this how?

Lsherm: I'm not giving an extra $16 every month to CVS because WM sucks. Tell CVS to get their prices in line.


Then enjoy your race to the bottom and pray your field of work isn't something Walmart is interested in absorbing into its own capabilities.
/yes I know many of us have a long way before Walmart tries their hand at our various lines of work, but that's sheer selfish thinking.
 
2014-02-02 05:59:14 AM  

sendtodave: Without Walmart, they'd totally be on the dole.


i.imgur.com
 
2014-02-02 06:32:51 AM  

Lsherm: BumpInTheNight: If you shop at Walmart, you are the problem.

Then I'm a the problem.  I did get my prescriptions filled at CVS, but one of them isn't covered by insurance, so I moved it over to Wal Mart.  CVS price?  $72 a month.  Wal Mart price?  $56 a month.

I'm not giving an extra $16 every month to CVS because WM sucks.  Tell CVS to get their prices in line.


FTFY and agreed.  The reason other places have higher prices, at least in part, is because they pay better than Walmart.
 
2014-02-02 07:59:03 AM  

AngryDragon: Lsherm: BumpInTheNight: If you shop at Walmart, you are the problem.

Then I'm a the problem.  I did get my prescriptions filled at CVS, but one of them isn't covered by insurance, so I moved it over to Wal Mart.  CVS price?  $72 a month.  Wal Mart price?  $56 a month.

I'm not giving an extra $16 every month to CVS because WM sucks.  Tell CVS to get their prices in line.

FTFY and agreed.  The reason other places have higher prices, at least in part, is because they pay better than Walmart.


Prescription drug prices are seemingly arbitrary. A $4 med at Kroger may cost $60 at Publix and vice versa. Walmart isn't always the cheapest, and low med prices have nothing to do with employee wages. Here is a tip: If you want the cheapest meds in your area, get the (free) GoodRX app. They also have coupons you can get off your phone for X% off medications as well.
 
2014-02-02 08:00:31 AM  
Stamp collector has a different sort of meaning in secular vs theist arguments.

www.nonstampcollector.com

Hiro-ACiD: sendtodave: Without Walmart, they'd totally be on the dole.

[i.imgur.com image 460x460]


He really meant well, but the guy digging ditches won't become a philosopher just because you fulfilled his extrinsic needs. People keep funneling their need for intrinsic rewards into bottomless pits, like shopping or gaming or internet forums.
 
2014-02-02 08:33:08 AM  

sendtodave: BumpInTheNight: If you shop at Walmart, you are the problem.

Yeah, if everyone would just take their business elsewhere, Walmart would raise these low employee salaries.

Wait, no, they'd just fire everyone. At least this way, these people are getting some money from Walmart.

See, people seem have it backwards. It's not the government that is subsidizing walmart's low wages. It's Walmart that is subsidizing the government by giving otherwise unemployable people some money, and something to do.

Without Walmart, they'd totally be on the dole.


no one is this stupid and naive.

not even a walmart shopper.
 
2014-02-02 10:46:25 AM  
An interesting factoid, Walmart employees spend a lot of their money... at Walmart.  That is because they are already there, Walmart makes it easy to do, they are using the Walmart banking services, they are interested in low prices and may be on assistance, and they may receive a discount (seasonal and depends on where you work). I suspect that up to a point, increasing wages would result in significant capture of a lot of the increase as additional same store sales.  But of course they won't.
 
2014-02-02 10:55:45 AM  

AngryDragon: FTFY and agreed.  The reason other places have higher prices, at least in part, is because they pay better than Walmart.


BumpInTheNight: Then enjoy your race to the bottom and pray your field of work isn't something Walmart is interested in absorbing into its own capabilities.


The only thing I'm racing to is rationality.  Wal-Mart and CVS pay the same around here.  GIVING CVS SHAREHOLDERS MORE MONEY FOR NO REASON DOESN'T HELP WORKERS.

You two need to step back and think about what would really help the unskilled worker, because it isn't sending money to shareholders.
 
2014-02-02 10:56:14 AM  

KarmicDisaster: An interesting factoid, Walmart employees spend a lot of their money... at Walmart.  That is because they are already there, Walmart makes it easy to do, they are using the Walmart banking services, they are interested in low prices and may be on assistance, and they may receive a discount (seasonal and depends on where you work). I suspect that up to a point, increasing wages would result in significant capture of a lot of the increase as additional same store sales.  But of course they won't.


What's even more funny is that wages paid to employees are deductible from income. So a net increase in costs for labor results in greater tax deductions, assuming zero gain in revenue (which is false).
 
2014-02-02 11:07:12 AM  

Lsherm: The only thing I'm racing to is rationality. Wal-Mart and CVS pay the same around here. GIVING CVS SHAREHOLDERS MORE MONEY FOR NO REASON DOESN'T HELP WORKERS.

You two need to step back and think about what would really help the unskilled worker, because it isn't sending money to shareholders.


Citations please, otherwise you're just continuing to earn your farkied title of 'astroturfer'.
 
2014-02-02 11:08:26 AM  
Nothing to do with the story, I just find this picture hilarious.
www.georgealevizos.com
 
2014-02-02 11:10:28 AM  

Snarcoleptic_Hoosier: KarmicDisaster: An interesting factoid, Walmart employees spend a lot of their money... at Walmart.  That is because they are already there, Walmart makes it easy to do, they are using the Walmart banking services, they are interested in low prices and may be on assistance, and they may receive a discount (seasonal and depends on where you work). I suspect that up to a point, increasing wages would result in significant capture of a lot of the increase as additional same store sales.  But of course they won't.

What's even more funny is that wages paid to employees are deductible from income. So a net increase in costs for labor results in greater tax deductions, assuming zero gain in revenue (which is false).


Yeah, that's right, any increase would be written off the top as an expense, so the net cost to them is zero, then they get to capture some good portion of it in increased sales since the employees are going to continue to spend their money at Walmart.
 
2014-02-02 11:43:39 AM  

Hiro-ACiD: sendtodave: Without Walmart, they'd totally be on the dole.


Good luck, hippy.

Anyway, in the real world, can anyone really argue that anyone else would hire the troglodytes that are Walmart employees?

Heck, the one near me literally hires morons, in the very real, very low IQ sense.

Walmart does their "employees" a favor. Gives them some money for simple tasks.

Like then your mom pays you a couple bucks to clean your room, and you half ass it, and you get paid anyway. That is the level of competence and difficulty we are talking about here.

I guess she should pay a living wage, and allow you to unionize with you siblings.
 
2014-02-02 11:51:20 AM  

sendtodave: I guess she should pay a living wage, and allow you to unionize with you siblings.


Only if mom can decide to adopt other (if any) kids in the neighborhood if she decides she'd be better off.
 
2014-02-02 11:51:52 AM  

Hunchentoot: Philately will get you nowhere.

/dilbert


"Golly, Porgy, I didn't know you masturbated!" - Mudhead, Don't Crush That Dwarf/Hand Me the Pliers
 
2014-02-02 12:14:47 PM  
Philatelist caught sayof
 
2014-02-02 03:19:02 PM  

BumpInTheNight: Lsherm: The only thing I'm racing to is rationality. Wal-Mart and CVS pay the same around here. GIVING CVS SHAREHOLDERS MORE MONEY FOR NO REASON DOESN'T HELP WORKERS.

You two need to step back and think about what would really help the unskilled worker, because it isn't sending money to shareholders.

Citations please, otherwise you're just continuing to earn your farkied title of 'astroturfer'.


glassdor.com, here are the numbers from that site for the DC area (these are self-reported):

WalMart Pharmacist (salary):  $117,204
WalMart Pharmacy Technician (hourly):  $10.70/hr

CVS Caremark Pharmacist (salary):  $116,250
CVS Caremark Pharmacy Technician (hourly):   $10.94/hr

You have to join the site to pull data off it, but those are the numbers for the greater DC area.  It looks like WalMart might pay a little more for their pharmacists, but they are about equal.

So now I have you farkied as "CVS Bootlicking Hoople-Head" because you hate WalMart SO MUCH that you'd rather throw money at CVS shareholders instead of WalMart ones.  It doesn't matter.  That money isn't trickling down to the moron working behind the counter.  Unless you are shopping at a privately owned mom and pop pharmacy, you're just wasting your own money to give CVS investors a better return at the end of the year.
 
2014-02-02 04:16:51 PM  

Lsherm: BumpInTheNight: Lsherm: The only thing I'm racing to is rationality. Wal-Mart and CVS pay the same around here. GIVING CVS SHAREHOLDERS MORE MONEY FOR NO REASON DOESN'T HELP WORKERS.

You two need to step back and think about what would really help the unskilled worker, because it isn't sending money to shareholders.

Citations please, otherwise you're just continuing to earn your farkied title of 'astroturfer'.

glassdor.com, here are the numbers from that site for the DC area (these are self-reported):

WalMart Pharmacist (salary):  $117,204
WalMart Pharmacy Technician (hourly):  $10.70/hr

CVS Caremark Pharmacist (salary):  $116,250
CVS Caremark Pharmacy Technician (hourly):   $10.94/hr

You have to join the site to pull data off it, but those are the numbers for the greater DC area.  It looks like WalMart might pay a little more for their pharmacists, but they are about equal.

So now I have you farkied as "CVS Bootlicking Hoople-Head" because you hate WalMart SO MUCH that you'd rather throw money at CVS shareholders instead of WalMart ones.  It doesn't matter.  That money isn't trickling down to the moron working behind the counter.  Unless you are shopping at a privately owned mom and pop pharmacy, you're just wasting your own money to give CVS investors a better return at the end of the year.


Wash rinse repeat for most major retailers.

Economy grew at a 3.2% annual rate in the 4th quarter, but many retailers (except luxury brands) saw declines despite savings rates approaching zero again.

Wages for the bottom 90% need to rise, or we risk another recession and/or deflation cycle.
 
2014-02-02 04:23:45 PM  

AngryDragon: Lsherm: BumpInTheNight: If you shop at Walmart, you are the problem.

Then I'm a the problem.  I did get my prescriptions filled at CVS, but one of them isn't covered by insurance, so I moved it over to Wal Mart.  CVS price?  $72 a month.  Wal Mart price?  $56 a month.

I'm not giving an extra $16 every month to CVS because WM sucks.  Tell CVS to get their prices in line.

FTFY and agreed.  The reason other places have higher prices, at least in part, is because they pay better than Walmart.


It's funny how the exact opposite argument is being trotted out to support a minimum wage increase.  "Everyone won't mind paying an extra dollar on a Big Mac to guarantee a living wage".

Reality, not so much.
 
2014-02-02 04:27:19 PM  

Hiro-ACiD: sendtodave: Without Walmart, they'd totally be on the dole.

[i.imgur.com image 460x460]


+1.  i always loved RBF.
 
2014-02-02 04:37:25 PM  

Lsherm: glassdor.com, here are the numbers from that site for the DC area (these are self-reported):

WalMart Pharmacist (salary): $117,204
WalMart Pharmacy Technician (hourly): $10.70/hr

CVS Caremark Pharmacist (salary): $116,250
CVS Caremark Pharmacy Technician (hourly): $10.94/hr

You have to join the site to pull data off it, but those are the numbers for the greater DC area. It looks like WalMart might pay a little more for their pharmacists, but they are about equal.

So now I have you farkied as "CVS Bootlicking Hoople-Head" because you hate WalMart SO MUCH that you'd rather throw money at CVS shareholders instead of WalMart ones. It doesn't matter. That money isn't trickling down to the moron working behind the counter. Unless you are shopping at a privately owned mom and pop pharmacy, you're just wasting your own money to give CVS investors a better return at the end of the year.


Well looks like your example of shopping at large corporation A does indeed beat shopping at large corporation B, I do in fact shop at a locally owned pharmacy for those sorts of things.  Shopper's Drugmarts here in Canada are franchise setups owned by a chief pharmacist and the profits stay mainly with them.  They also have more pharmacists on staff per store then the equivalent department in a Walmart(as in more then one for the entire store) thus superior skill and more higher wage jobs stay within the local economy.  I prefer to shop at places setup like that but of course some things just can't be found except in a large box store corporation, Walmart however is completely avoidable and between their local economy bankrupting ways and sleazy tactics to undercut prices like insisting on more shoddily made sub models of electronics I have absolutely no interest in supporting that company.

Btw you're specifically farkied "Exxon astroturfer" for all the white knighting you've done on their behalf.  Walmart now too eh?  Ugh.
 
2014-02-02 05:43:43 PM  

BumpInTheNight: Lsherm: glassdor.com, here are the numbers from that site for the DC area (these are self-reported):

WalMart Pharmacist (salary): $117,204
WalMart Pharmacy Technician (hourly): $10.70/hr

CVS Caremark Pharmacist (salary): $116,250
CVS Caremark Pharmacy Technician (hourly): $10.94/hr

You have to join the site to pull data off it, but those are the numbers for the greater DC area. It looks like WalMart might pay a little more for their pharmacists, but they are about equal.

So now I have you farkied as "CVS Bootlicking Hoople-Head" because you hate WalMart SO MUCH that you'd rather throw money at CVS shareholders instead of WalMart ones. It doesn't matter. That money isn't trickling down to the moron working behind the counter. Unless you are shopping at a privately owned mom and pop pharmacy, you're just wasting your own money to give CVS investors a better return at the end of the year.

Well looks like your example of shopping at large corporation A does indeed beat shopping at large corporation B, I do in fact shop at a locally owned pharmacy for those sorts of things.  Shopper's Drugmarts here in Canada are franchise setups owned by a chief pharmacist and the profits stay mainly with them.  They also have more pharmacists on staff per store then the equivalent department in a Walmart(as in more then one for the entire store) thus superior skill and more higher wage jobs stay within the local economy.  I prefer to shop at places setup like that but of course some things just can't be found except in a large box store corporation, Walmart however is completely avoidable and between their local economy bankrupting ways and sleazy tactics to undercut prices like insisting on more shoddily made sub models of electronics I have absolutely no interest in supporting that company.

Btw you're specifically farkied "Exxon astroturfer" for all the white knighting you've done on their behalf.  Walmart now too eh?  Ugh.


Meh, I don't even remember white knighting Exxon, but it was probably the same deal as here:  someone started hysterically crying about what an ebil corporation they are and how they were acting all corporationy, and then I came in and pointed out there was no reason to be hysterical.  Or maybe I was white-knighting them, but I can't think of a reason why.

See, you keep confusing making an informed decision with "white-knighting."  If it makes no difference except for cost out of pocket whether I shop at CVS or Walmart, then I'm going with the cheaper option.  That isn't "white-knighting" Walmart.  It's not like CVS is some bastion of progressive labor policy.  If it came down to Costco or Sam's, then sure, it makes a difference, but I don't live near either one.  I also haven't seen a family pharmacy in 15 years, but according to teh Google there are a whopping 3 within 90 minutes of DC.

Maybe I could go to Target, where they just dropped health insurance for their part-time workers.  That'll show Walmart!
 
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