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Thread: Walmarts Shiny New $11 Minimum Wage Isnt Really A Result Of The Tax Law

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    Walmarts Shiny New $11 Minimum Wage Isnt Really A Result Of The Tax Law

    Walmarts Shiny New $11 Minimum Wage Isnt Really A Result Of The Tax Law

    In 2015, back when Barack Obama was still president and tax law was little more than a Paul Ryan fantasy, Walmart similarly announced that it had decided to raise its baseline wage to $9 per hour almost immediately, and to $10 per hour the year after that. At the time, McMillon, Walmarts CEO, had no qualms about suggesting the broader economy was a main reason for the change. Its great to see the job market getting better, and the market works, so were adjusting to that market, he told CNBC.In 2016, CNN cited the increasingly competitive labor market and a low unemployment rate ― which makes finding and retaining workers more difficult ― as the primary reasons Walmart was increasing wages and benefits.Those trends have not only continued through 2018, but intensified. Advocates and tax policy experts alike said on Thursday that it was shocking that the countrys largest employer hadnt raised wages earlier.Investors Business Daily reported as much last October. Shortly before that, Target, one of Walmarts largest competitors, made the decision to increase its minimum wage to $11 per hour and to $15 per hour by 2020, causing Wall Street analysts and Walmart investors to worry Walmart would try to keep up.
    Read the rest at the link.
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    Kalkin's Avatar Senior Member
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    Who cares? Tax cuts don't mean wages are rising, they mean people will be taxed less.
    "An army, great in space, may offer opposition in a brief span of time.
    One man, brief in space, must spread his opposition
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    Quote Originally Posted by Kalkin View Post
    Who cares? Tax cuts don't mean wages are rising, they mean people will be taxed less.
    You know Walmart is closing a bunch of stores right?
    I don't insult, I diagnose.

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    Quote Originally Posted by Crepitus View Post
    You know Walmart is closing a bunch of stores right?
    You gotta know when to hold 'em, know when to fold 'em.
    "An army, great in space, may offer opposition in a brief span of time.
    One man, brief in space, must spread his opposition
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    Mister D (01-13-2018)

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    Quote Originally Posted by Kalkin View Post
    You gotta know when to hold 'em, know when to fold 'em.
    So, tax cuts cause store closings then?
    I don't insult, I diagnose.

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    Quote Originally Posted by Crepitus View Post
    So, tax cuts cause store closings then?
    Nope, poor sales are usually the culprit. C'mon man, this isn't rocket science.
    "An army, great in space, may offer opposition in a brief span of time.
    One man, brief in space, must spread his opposition
    across a period of many years if he is
    to have a chance of succeeding"

    ~RZ67~

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    Chris (01-13-2018),Peter1469 (01-13-2018),resister (01-13-2018)

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    What I'm learning and have learned this past year is that there seems to be an answer to everything for some.
    I'm selfish, impatient and a little insecure. I make mistakes, I am out of control and at times hard to handle. But if you can't handle me at my worst, then you sure as hell don't deserve me at my best.
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    Quote Originally Posted by Kalkin View Post
    Nope, poor sales are usually the culprit. C'mon man, this isn't rocket science.
    They're actually closing Sam's Club stores, not Wal-Mart stores.

    Progressivism, ideas so good, they have to be mandatory

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    Quote Originally Posted by countryboy View Post
    They're actually closing Sam's Club stores, not Wal-Mart stores.
    Sam's club is a subsidiary of Walmart.
    I'm selfish, impatient and a little insecure. I make mistakes, I am out of control and at times hard to handle. But if you can't handle me at my worst, then you sure as hell don't deserve me at my best.
    Marilyn Monroe

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    Quote Originally Posted by Trish View Post
    Sam's club is a subsidiary of Walmart.
    No kidding, hence the term "they". Still, different business model.

    Progressivism, ideas so good, they have to be mandatory

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