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(Slate)   An honest look at just how much Wal-Mart would have to raise its prices in order to afford paying its workers a living wage   (slate.com ) divider line
    More: Scary, living wages, dependent personality disorder, big-box, workers  
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25686 clicks; posted to Main » on 03 Apr 2014 at 5:28 PM (2 years ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2014-04-03 03:56:06 PM  
Pffft!  Do you *know* what kind of yacht that $300M can buy?!
 
2014-04-03 03:59:10 PM  
I like how the idea of lowering corporate profit is a non starter.
 
2014-04-03 04:02:07 PM  

what_now: I like how the idea of lowering corporate profit is a non starter.


this is 'murka. the corporation always trumps the individual.

actually, they're using the GOP excuse and turning it around on them. the crux being, if wal-mart passed ALL the cost of a wage increase on to its customers, that mac 'n' cheese would go from $.68 to $.69.
 
2014-04-03 04:19:44 PM  
That's some mighty fine corporate responsibility, Waltons.

Paying extremely low wages, which is enabled by your aggressive anti-union efforts, which in turn brings in a new source of revenue when your indentured workers spend their federal benefits in your store.

I feel sicker than when I learned what Slurm really is.
 
2014-04-03 04:19:57 PM  
The six living members of the Walton family are worth a combined $150 billion, as much as 28% of the rest of Americans.
 
2014-04-03 04:57:03 PM  

vernonFL: The six living members of the Walton family are worth a combined $150 billion, as much as 28% of the rest of Americans.


They'll be first against the wall
 
2014-04-03 05:25:45 PM  
~$8 to ~$13 and hour jump is a pretty significant increase to an individual, $.01 is a pretty insignificant increase to an individual.
 
2014-04-03 05:26:53 PM  

antidisestablishmentarianism: ~$8 to ~$13 and hour jump is a pretty significant increase to an individual, $.01 is a pretty insignificant increase to an individual.


Yeah, but what if that individual only works one hour a week and has to buy 50,000 boxes of Mac and Cheese every week? Why are you trying to screw the underemployed fatasses?!
 
jbc [TotalFark]
2014-04-03 05:27:45 PM  

what_now: I like how the idea of lowering corporate profit is a non starter.


I like how the fact that adults take a lot of entry-level and part-time jobs away from teens and college students and never take responsibility for their lifelong lack of ambition is wholly the fault of corporations.

Wal-Mart is a giant piece of crap, but not because of this.
 
2014-04-03 05:28:43 PM  

vernonFL: The six living members of the Walton family are worth a combined $150 billion, as much as 28% of the rest of Americans.


Think how much they'd be worth if they weren't out spending all that money so it trickles down.
 
2014-04-03 05:32:49 PM  
I'd settle for them having enough staff to have more than 3 people on the floor for a 140K square foot store.
 
2014-04-03 05:33:25 PM  
Marketplace reporter Krissy Clark traces how big-box stores make billions from the federal Supplemental Nutrition Assistance Program, aka food stamps. What's more, the wages of many workers at these stores are so low that the workers themselves qualify for food stamps-which the employees then often spend at those big-box stores.

OMG it's like the Human Centipede or something. Your money can never leave Walmart! They pay you but you then pay them back!
 
2014-04-03 05:33:57 PM  

Rev.K: That's some mighty fine corporate responsibility, Waltons.

Paying extremely low wages, which is enabled by your aggressive anti-union efforts, which in turn brings in a new source of revenue when your indentured workers spend their federal benefits in your store.

I feel sicker than when I learned what Slurm really is.


The only "responsibility" a corporation has is to the shareholders. Anything else is just feel-good news for publicity.
 
2014-04-03 05:34:19 PM  

Serious Black: antidisestablishmentarianism: ~$8 to ~$13 and hour jump is a pretty significant increase to an individual, $.01 is a pretty insignificant increase to an individual.

Yeah, but what if that individual only works one hour a week and has to buy 50,000 boxes of Mac and Cheese every week? Why are you trying to screw the underemployed fatasses?!


Why doesn't Walmart just give Mac n Cheese as a bonus to employees who don't have steak to eat?
 
2014-04-03 05:34:31 PM  

Chariset: vernonFL: The six living members of the Walton family are worth a combined $150 billion, as much as 28% of the rest of Americans.

They'll be first against the wall


Nah, the high cholesterol will get them first.
 
2014-04-03 05:34:35 PM  

jbc: what_now: I like how the idea of lowering corporate profit is a non starter.

I like how the fact that adults take a lot of entry-level and part-time jobs away from teens and college students and never take responsibility for their lifelong lack of ambition is wholly the fault of corporations.

Wal-Mart is a giant piece of crap, but not because of this.


Not sure what studies you've read, but that sounds a bit anecdotal, if not completely made-up.
 
2014-04-03 05:35:10 PM  

jbc: what_now: I like how the idea of lowering corporate profit is a non starter.

I like how the fact that adults take a lot of entry-level and part-time jobs away from teens and college students and never take responsibility for their lifelong lack of ambition is wholly the fault of corporations.

Wal-Mart is a giant piece of crap, but not because of this.


It's almost as if the lack of a manufacturing sector, an emphasis on a consumption economy, and a severe recession have forced people who would otherwise take better jobs are forced to take what's available.
 
2014-04-03 05:35:21 PM  
But next time I go to buy a big screen TV it'll cost me $507 instead of $500!  The economy will be ruined.
 
2014-04-03 05:36:10 PM  
$10 cheeseburgers, I was told.
 
2014-04-03 05:36:16 PM  
meh. Get a different job if you don't like it. Retail jobs aren't exactly hard to get and some pay more than minimum wage.
 
2014-04-03 05:36:19 PM  

Katolu: Chariset: vernonFL: The six living members of the Walton family are worth a combined $150 billion, as much as 28% of the rest of Americans.

They'll be first against the wall

Nah, the high cholesterol will get them first.


I'm sure they can buy a healthy heart on the black market. And they're not using the one they have already.
 
2014-04-03 05:37:06 PM  

UNC_Samurai: jbc: what_now: I like how the idea of lowering corporate profit is a non starter.

I like how the fact that adults take a lot of entry-level and part-time jobs away from teens and college students and never take responsibility for their lifelong lack of ambition is wholly the fault of corporations.

Wal-Mart is a giant piece of crap, but not because of this.

It's almost as if the lack of a manufacturing sector, an emphasis on a consumption economy, and a severe recession have forced people who would otherwise take better jobs are forced to take what's available.


And I screwed that up. That's what I get for hitting preview when I didn't mean to.

/ the mobile app really sucks ass
 
2014-04-03 05:37:32 PM  

Philip J. Fry: But next time I go to buy a big screen TV it'll cost me $507 instead of $500!  The economy will be ruined.


It will be one of those Element POS that die faster than Chris Farley after a speedball.
 
2014-04-03 05:37:34 PM  
i57.tinypic.com
 
2014-04-03 05:38:59 PM  

bigbadideasinaction: The only "responsibility" a corporation has is to the shareholders.


Call me a crazy communist, socialist a-hole, but I think that's pretty problematic.

Since Wal-Mart's actions are clearly having a negative effect outside their own walls.
 
2014-04-03 05:39:12 PM  
Wait, am I to understand that Walmart has made its obscene profits at the expense of the American taxpayer all these years?

There oughtta be a law...
 
2014-04-03 05:39:16 PM  
All right, the farking video isn't playing nice with my popup filters and AdBlock. Is there a ballpark on the rough percentage prices would have to go up?
 
2014-04-03 05:39:44 PM  

what_now: I like how the idea of lowering corporate profit is a non starter.


24.media.tumblr.com
 
2014-04-03 05:40:15 PM  

bigbadideasinaction: The only "responsibility" a corporation has is to the shareholders. Anything else is just feel-good news for publicity.


Funny, that.  It used to be "stakeholders", not "shareholders".  What's the difference?  From businessdictionary.com, "Stakeholders can affect or be affected by the organization's actions, objectives and policies. Some examples of key stakeholders are creditors, directors, employees, government (and its agencies), owners (shareholders), suppliers, unions, and the community from which the business draws its resources."

Fancy, thinking that a corporation has a responsibility to those people, too!  I'm showing my age, but I wish it was that way again.
 
2014-04-03 05:40:25 PM  

Mikey1969: All right, the farking video isn't playing nice with my popup filters and AdBlock. Is there a ballpark on the rough percentage prices would have to go up?


1.4%
 
2014-04-03 05:40:27 PM  

bigbadideasinaction: The only "responsibility" a corporation has is to the shareholders. Anything else is just feel-good news for publicity.


No.

That's conservative derp that everyone is supposed to accept as axiomatic, and I choose not to. The corporation's primary responsibility is to be a net asset to the community. If you can do that while making money, good for you. If it's one or the other, then move your business to f*cking Somalia, and take your free market ideology with you.
 
2014-04-03 05:40:28 PM  

Mikey1969: All right, the farking video isn't playing nice with my popup filters and AdBlock. Is there a ballpark on the rough percentage prices would have to go up?


1.6 percent
 
2014-04-03 05:40:30 PM  

Orgasmatron138: jbc: what_now: I like how the idea of lowering corporate profit is a non starter.

I like how the fact that adults take a lot of entry-level and part-time jobs away from teens and college students and never take responsibility for their lifelong lack of ambition is wholly the fault of corporations.

Wal-Mart is a giant piece of crap, but not because of this.

Not sure what studies you've read, but that sounds a bit anecdotal, if not completely made-up.


And not just the bolded, either.  I've never seen a single teen or college student working at a Wal-Mart.  Hell, the average age of the Wal-Mart workers in my area seems to be about 35...32 if you exclude the greeters.
 
2014-04-03 05:40:57 PM  
Are there no prisons? And the workhouses, have they closed?
 
2014-04-03 05:41:20 PM  

abhorrent1: meh. Get a different job if you don't like it. Retail jobs aren't exactly hard to get and some pay more than minimum wage.


except that in a lot of cases they can't and Walmart is the largest private employer in the US, it simply isn't possible for all of their employees to go get a different job.
 
2014-04-03 05:41:41 PM  

Chariset: vernonFL: The six living members of the Walton family are worth a combined $150 billion, as much as 28% of the rest of Americans.

They'll be first against the wall


Sure they will, Che. Sure.
 
2014-04-03 05:42:39 PM  

abhorrent1: meh. Get a different job if you don't like it. Retail jobs aren't exactly hard to get and some pay more than minimum wage.


...you realize that by forcing their employees to live off of government cheese, they're costing you tax money, right?

/No, wait, you don't.  Or, you rationalize it by saying "They're the almighty job creators!"
//If these are the types of jobs the job creators create, I'll stay unemployed, thanks.
 
2014-04-03 05:43:01 PM  
what_now: I like how the idea of lowering corporate profit is a non starter.

A corporation has a fiduciary duty to its stockholders to maximize profits. The stores function and are profitable with wages at their current level. You'd have to make a business case---more profits, or at least no decrease in profits---to justify paying the employees higher wages. A corporation can't just decide to make less money for humanitarian reasons.

newsflash: corporations exist to make money.
 
2014-04-03 05:43:39 PM  

Voiceofreason01: abhorrent1: meh. Get a different job if you don't like it. Retail jobs aren't exactly hard to get and some pay more than minimum wage.

except that in a lot of cases they can't and Walmart is the largest private employer in the US, it simply isn't possible for all of their employees to go get a different job.


Not to mention that they tend to kill any mom and pop's in the areas they open in.
 
2014-04-03 05:44:03 PM  

Phins: what_now: I like how the idea of lowering corporate profit is a non starter.

A corporation has a fiduciary duty to its stockholders to maximize profits. The stores function and are profitable with wages at their current level. You'd have to make a business case---more profits, or at least no decrease in profits---to justify paying the employees higher wages. A corporation can't just decide to make less money for humanitarian reasons.

newsflash: corporations exist to make money.


Half of the shares are owned by one family.
 
2014-04-03 05:44:50 PM  

Phins: what_now: I like how the idea of lowering corporate profit is a non starter.

A corporation has a fiduciary duty to its stockholders to maximize profits. The stores function and are profitable with wages at their current level. You'd have to make a business case---more profits, or at least no decrease in profits---to justify paying the employees higher wages. A corporation can't just decide to make less money for humanitarian reasons.

newsflash: corporations exist to make money.


2.bp.blogspot.com
 
2014-04-03 05:44:51 PM  

bigbadideasinaction: Rev.K: That's some mighty fine corporate responsibility, Waltons.

Paying extremely low wages, which is enabled by your aggressive anti-union efforts, which in turn brings in a new source of revenue when your indentured workers spend their federal benefits in your store.

I feel sicker than when I learned what Slurm really is.

The only "responsibility" a corporation has is to the shareholders. Anything else is just feel-good news for publicity.


Big corporations are basically collectives of (mostly) regular people who together form an incredibly powerful sociopath.
 
2014-04-03 05:44:53 PM  
So they want a shiat fack ton of money not just a ton of money.  Got it, greedy arseholes.
 
2014-04-03 05:44:58 PM  

jbc: what_now: I like how the idea of lowering corporate profit is a non starter.

I like how the fact that adults take a lot of entry-level and part-time jobs away from teens and college students and never take responsibility for their lifelong lack of ambition is wholly the fault of corporations.

Wal-Mart is a giant piece of crap, but not because of this.


It starts with a profound ignorance of the modern economy and job market in the US and ends with an incorrect conclusion as well as a "f you" to people who are just trying to earn a living.

I'm sure there are slackers and your mother's brother's sister's cousin's former roommate is one of them. That doesn't mean everyone else is a slacker.
 
2014-04-03 05:45:05 PM  

Superjew: Wait, am I to understand that Walmart has made its obscene profits at the expense of the American taxpayer all these years?

There oughtta be a law...


I suggested one a few days ago: tally up all the government assistance paid out to WalMart (or any company of sufficient size) employees who worked at least 25-30 hours/week, and add that much plus a penalty to the company's tax bill.
 
2014-04-03 05:45:25 PM  

jbc: I like how the fact that adults take a lot of entry-level and part-time jobs away from teens and college students and never take responsibility for their lifelong lack of ambition is wholly the fault of corporations.


As wealth disparity increases, so does the amount of work someone can do, and still be called a "lazy mooch" by the GOP.

"That guy over there with 2 minimum wage jobs doesn't pay any income taxes! God damn taker! Get some skin in the game!"
 
2014-04-03 05:45:39 PM  
i make a decent part time wage. but if minimum wage goes to 10.10 you can count on me badgering my employer for a $2,85 cent raise. want to lift all boats fine --- give me the same raise. and all my fellow employees. there aren't but 20 some odd of us. it's not but $118,560 a year.
 
2014-04-03 05:46:46 PM  

IlGreven: abhorrent1: meh. Get a different job if you don't like it. Retail jobs aren't exactly hard to get and some pay more than minimum wage.

...you realize that by forcing their employees to live off of government cheese, they're costing you tax money, right?

/No, wait, you don't.  Or, you rationalize it by saying "They're the almighty job creators!"
//If these are the types of jobs the job creators create, I'll stay unemployed, thanks.


Welfare enables corporations like Walmart to have piss poor pay.  Remove the enabling and they'll have no choice but to either increase wages or hours.  To do otherwise would mean their customers will either be starving to death or rioting in the streets.
 
2014-04-03 05:50:37 PM  

jbc: what_now: I like how the idea of lowering corporate profit is a non starter.

I like how the fact that adults take a lot of entry-level and part-time jobs away from teens and college students and never take responsibility for their lifelong lack of ambition is wholly the fault of corporations.

Wal-Mart is a giant piece of crap, but not because of this.


So they're working, they have jobs, but now they're pieces of shiat for taking jobs away from teens.  Got it.
 
2014-04-03 05:50:44 PM  
ZeroPly: That's conservative derp that everyone is supposed to accept as axiomatic, and I choose not to. The corporation's primary responsibility is to be a net asset to the community. If you can do that while making money, good for you. If it's one or the other, then move your business to f*cking Somalia, and take your free market ideology with you.

Are you unaware that we have a free market economy right here in the U.S.? I'm a liberal and I laughed at your statement that "a corporation's primary responsibility is to be a net asset to the community." That's the sort of statement that makes people think liberals are idiots.

Charities and non-profits exist to be an asset to the community. Corporations exist to make money, as much as possible while following the law. Corporations may support charities but they do it because it's good for business; it's advertising (often free advertising) and makes people want to patronize the "good" corporation.
 
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