User Tag List

+ Reply to Thread
Page 1 of 3 123 LastLast
Results 1 to 10 of 26

Thread: Wal-Mart Raises Hourly Wage to $11 in Wake of Tax Overhaul

  1. #1

    tPF Moderator
    Points: 268,207, Level: 100
    Level completed: 0%, Points required for next Level: 0
    Overall activity: 77.0%
    Achievements:
    SocialVeteran50000 Experience PointsOverdrive
    Common's Avatar tPF Moderator
    Karma
    324919
    Join Date
    Feb 2013
    Posts
    47,200
    Points
    268,207
    Level
    100
    Thanks Given
    1,693
    Thanked 4,121x in 2,490 Posts
    Mentioned
    79 Post(s)
    Tagged
    0 Thread(s)

    Wal-Mart Raises Hourly Wage to $11 in Wake of Tax Overhaul

    The list of companies raising wages is growing larger an larger, along with bonus' and reinvestment like we havent seen in 20 yrs or more.

    Wal-Mart Stores Inc. is boosting its starting hourly wage to $11 and delivering bonuses to employees, capitalizing on the U.S. tax overhaul to stay competitive in a tightening labor market.The increase takes effect next month and will cost $300 million on top of annual wage hikes that were already planned, the world’s largest retailer said Thursday. The one-time bonus of up to $1,000 is based on seniority and will amount to an additional $400 million. The company is also expanding its maternity and parental leave policy and adding an adoption benefit.
    Wal-Mart, the nation’s largest private employer, has fought in recent years to improve its image in the U.S., as it weathered criticism over its treatment of employees. With the wage increase and bonus payment, the company seeks to even its pay gap with resurgent rival Target Corp., while simultaneously sending a high-profile thank you to the U.S. government for slashing the corporate tax rate.
    “Tax reform gives us the opportunity to be more competitive globally and to accelerate plans for the U.S.,” Chief Executive Officer Doug McMillon said in the statement.
    The move comes three years after Wal-Mart last announced it was raising wages, spending $1 billion in 2015 to lift starting hourly pay to $9 and then to $10 the following year -- for workers who complete a 90-day training course. The increase cut into profit and was criticized by some longer-tenured employees as unfair to them. Since then, many states have enacted minimum wage laws, meaning that a “sizable group” of its 4,700 U.S. stores already pay $11 an hour, according to spokesman Kory Lundberg.

    https://www.bloomberg.com/news/artic...f-tax-overhaul
    Politics is the art of looking for trouble, finding it everywhere, diagnosing it incorrectly and applying the wrong remedies.

    GROUCHO MARX,

  2. The Following User Says Thank You to Common For This Useful Post:

    Grokmaster (01-12-2018)

  3. #2
    Points: 159,516, Level: 95
    Level completed: 44%, Points required for next Level: 2,134
    Overall activity: 99.7%
    Achievements:
    50000 Experience PointsVeteranOverdrive
    Tahuyaman's Avatar Senior Member
    Karma
    256549
    Join Date
    Dec 2014
    Location
    Bremerton Washington or Sayulita Mexico depending on the time of year.
    Posts
    70,530
    Points
    159,516
    Level
    95
    Thanks Given
    8,076
    Thanked 25,513x in 19,170 Posts
    Mentioned
    380 Post(s)
    Tagged
    0 Thread(s)
    Wages and salaries are rising across the board. It looks like the era of stagnation has come to an end.

  4. The Following User Says Thank You to Tahuyaman For This Useful Post:

    Grokmaster (01-12-2018)

  5. #3
    Points: 45,397, Level: 52
    Level completed: 9%, Points required for next Level: 1,653
    Overall activity: 3.0%
    Achievements:
    50000 Experience PointsVeteran
    texan's Avatar Senior Member
    Karma
    30208
    Join Date
    Dec 2013
    Location
    Dallas
    Posts
    9,697
    Points
    45,397
    Level
    52
    Thanks Given
    1,500
    Thanked 3,098x in 2,275 Posts
    Mentioned
    116 Post(s)
    Tagged
    0 Thread(s)
    More inconvenient truth.
    Blacks and poor people been voting Democrat for years and years. Hey are no better off. Vote for economics and traditions. Be part of saving America from the nutty left. The ones that highjacked this jaskassery Party.

  6. The Following User Says Thank You to texan For This Useful Post:

    Grokmaster (01-12-2018)

  7. #4
    Points: 159,516, Level: 95
    Level completed: 44%, Points required for next Level: 2,134
    Overall activity: 99.7%
    Achievements:
    50000 Experience PointsVeteranOverdrive
    Tahuyaman's Avatar Senior Member
    Karma
    256549
    Join Date
    Dec 2014
    Location
    Bremerton Washington or Sayulita Mexico depending on the time of year.
    Posts
    70,530
    Points
    159,516
    Level
    95
    Thanks Given
    8,076
    Thanked 25,513x in 19,170 Posts
    Mentioned
    380 Post(s)
    Tagged
    0 Thread(s)
    At some point even liberals will need to admit that creating a more business friendly environment is good for all working people.

  8. The Following 2 Users Say Thank You to Tahuyaman For This Useful Post:

    Grokmaster (01-12-2018),texan (01-11-2018)

  9. #5
    Points: 45,397, Level: 52
    Level completed: 9%, Points required for next Level: 1,653
    Overall activity: 3.0%
    Achievements:
    50000 Experience PointsVeteran
    texan's Avatar Senior Member
    Karma
    30208
    Join Date
    Dec 2013
    Location
    Dallas
    Posts
    9,697
    Points
    45,397
    Level
    52
    Thanks Given
    1,500
    Thanked 3,098x in 2,275 Posts
    Mentioned
    116 Post(s)
    Tagged
    0 Thread(s)
    Nah............more bathroom fights are more likely than the truth. Obama was a quick draw on those fights. Real tough guy on those issues. Tough on our enemies? Not so much.
    Blacks and poor people been voting Democrat for years and years. Hey are no better off. Vote for economics and traditions. Be part of saving America from the nutty left. The ones that highjacked this jaskassery Party.

  10. The Following User Says Thank You to texan For This Useful Post:

    Grokmaster (01-12-2018)

  11. #6
    Points: 21,400, Level: 35
    Level completed: 55%, Points required for next Level: 550
    Overall activity: 0%
    Achievements:
    Veteran10000 Experience PointsSocial
    gamewell45's Avatar Advisor
    Karma
    8337
    Join Date
    May 2012
    Location
    upstate New York
    Posts
    5,949
    Points
    21,400
    Level
    35
    Thanks Given
    2,528
    Thanked 2,600x in 1,873 Posts
    Mentioned
    45 Post(s)
    Tagged
    0 Thread(s)
    Quote Originally Posted by Tahuyaman View Post
    At some point even liberals will need to admit that creating a more business friendly environment is good for all working people.
    In your opinion, what would be a more business friendly environment?
    When you cuss a farmer, don't talk with your mouth full.

    Political parties are all a part of the same hypocrisy.
    Independent and proud of it!

    If you allow people to use you as a piece of carpet, they will. -- Eugene V. Debs

  12. #7
    Points: 49,017, Level: 54
    Level completed: 10%, Points required for next Level: 1,633
    Overall activity: 23.0%
    Achievements:
    Social50000 Experience PointsVeteran
    nathanbforrest45's Avatar Senior Member
    Karma
    69199
    Join Date
    Oct 2013
    Location
    In a house on a hill
    Posts
    18,542
    Points
    49,017
    Level
    54
    Thanks Given
    3,451
    Thanked 7,498x in 5,384 Posts
    Mentioned
    88 Post(s)
    Tagged
    0 Thread(s)
    Quote Originally Posted by gamewell45 View Post
    In your opinion, what would be a more business friendly environment?

    Lower taxes, less regulation
    Political tags - such as royalist, communist, democrat, populist, fascist, liberal, conservative, and so forth - are never basic criteria. The human race divides politically into those who want people to be controlled and those who have no such desire.
    Robert A. Heinlein

  13. The Following 2 Users Say Thank You to nathanbforrest45 For This Useful Post:

    gamewell45 (01-11-2018),Grokmaster (01-12-2018)

  14. #8
    Points: 49,017, Level: 54
    Level completed: 10%, Points required for next Level: 1,633
    Overall activity: 23.0%
    Achievements:
    Social50000 Experience PointsVeteran
    nathanbforrest45's Avatar Senior Member
    Karma
    69199
    Join Date
    Oct 2013
    Location
    In a house on a hill
    Posts
    18,542
    Points
    49,017
    Level
    54
    Thanks Given
    3,451
    Thanked 7,498x in 5,384 Posts
    Mentioned
    88 Post(s)
    Tagged
    0 Thread(s)
    Furthermore, both Toyota and Mazda are building new plants in Alabama to build cars in the US. While the profits may go to stock holders in Japan wages and benefits will go to American workers.
    Political tags - such as royalist, communist, democrat, populist, fascist, liberal, conservative, and so forth - are never basic criteria. The human race divides politically into those who want people to be controlled and those who have no such desire.
    Robert A. Heinlein

  15. The Following User Says Thank You to nathanbforrest45 For This Useful Post:

    Grokmaster (01-12-2018)

  16. #9
    Points: 46,138, Level: 52
    Level completed: 50%, Points required for next Level: 912
    Overall activity: 30.0%
    Achievements:
    Veteran25000 Experience Points
    Grokmaster's Avatar Senior Member
    Karma
    5755
    Join Date
    Jun 2012
    Location
    Indiana
    Posts
    9,678
    Points
    46,138
    Level
    52
    Thanks Given
    11,960
    Thanked 5,586x in 3,824 Posts
    Mentioned
    40 Post(s)
    Tagged
    0 Thread(s)

    More Great News After Tax Cuts :Walmart raises wages, gives bonuses after GOP tax cut

    Another large corporation is passing on the benefits of the brand new GOP tax cuts to its employees.

    Walmart, the largest private employer in the nation, is raising wages AND GIVING OUT BONUSES after the historic tax cuts allowed more money to do so, instead of fattening the government's coffers !!

    Beautiful.



    Walmart raises wages, gives bonuses after GOP tax cut



    Walmart (WMT), the largest private employer in the country, said Thursday it will raise its starting wages for U.S. store workers and offer some employees bonuses following passage of tax cuts in Washington.
    The announcement came the same day the retail giant reportedly closed more than 60 Sam's Clubs stores.
    The Bentonville, Arkansas-based chain plans to raise the starting wage for employees from $9 to $11 per hour and give some employees bonuses of up to $1,000.

    "As you know, the President and Congress have approved a lower business tax rate. Given these changes, we have an opportunity to accelerate a few pieces of our investment plan," CEO Doug McMillon said in a statement. "Associates that don't benefit from the new starting wage increase are eligible for the bonus and it will range from $200 to $1,000 depending on your length of service."


    Full and part-time hourly associates who have been at the company for 20 years or more will be eligible for the $1,000 bonus.

    The new wages start February 17, 2018 and apply to hourly associates in U.S. stores, Sam's Clubs, logistics and Home Office. Additionally, the company announced it will grant 10 weeks maternity leave and six weeks paid parental leave to full-time hourly associates, including leave for parents who adopt. McMillon said for eligible employees, Walmart will also contribute $5,000 to the cost of adoption.

    The company said the moves that will affect more than a million hourly workers in the U.S. are tied to recently enacted tax legislation that will save it money. They do also reflect the tight labor market in which employers are competing for workers, as both Walmart and its rival Target have been raising wages for the past few years.





    https://www.cbsnews.com/news/walmart...r-gop-tax-cut/





    Now...standby for the local left to be spoonfed their orders, and then desperately try to put a cloud in this silver lining....
    De Oppresso Liber



  17. #10

    tPF Moderator
    Points: 268,207, Level: 100
    Level completed: 0%, Points required for next Level: 0
    Overall activity: 77.0%
    Achievements:
    SocialVeteran50000 Experience PointsOverdrive
    Common's Avatar tPF Moderator
    Karma
    324919
    Join Date
    Feb 2013
    Posts
    47,200
    Points
    268,207
    Level
    100
    Thanks Given
    1,693
    Thanked 4,121x in 2,490 Posts
    Mentioned
    79 Post(s)
    Tagged
    0 Thread(s)
    I posted this earlier today Grok just a heads up
    Politics is the art of looking for trouble, finding it everywhere, diagnosing it incorrectly and applying the wrong remedies.

    GROUCHO MARX,

  18. The Following 2 Users Say Thank You to Common For This Useful Post:

    Grokmaster (01-11-2018),Peter1469 (01-11-2018)

+ Reply to Thread

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts


Critical Acclaim
Single Sign On provided by vBSSO