User Tag List

+ Reply to Thread
Page 1 of 6 12345 ... LastLast
Results 1 to 10 of 51

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

  1. #1
    Points: 98,747, Level: 76
    Level completed: 54%, Points required for next Level: 1,203
    Overall activity: 4.0%
    Achievements:
    Social50000 Experience PointsVeteran
    Crepitus's Avatar Senior Member
    Karma
    1253689
    Join Date
    Nov 2014
    Location
    Wichita, KS
    Posts
    35,702
    Points
    98,747
    Level
    76
    Thanks Given
    15,912
    Thanked 11,914x in 8,658 Posts
    Mentioned
    419 Post(s)
    Tagged
    0 Thread(s)

    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.
    Attention:

    The Beatings Will Continue Until Morale Improves.

    That Is All.

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

    Safety (01-12-2018)

  3. #2
    Points: 17,881, Level: 32
    Level completed: 40%, Points required for next Level: 669
    Overall activity: 0%
    Achievements:
    SocialVeteran25000 Experience Points
    Kalkin's Avatar Senior Member
    Karma
    18447
    Join Date
    Mar 2013
    Posts
    6,170
    Points
    17,881
    Level
    32
    Thanks Given
    5,522
    Thanked 3,544x in 2,364 Posts
    Mentioned
    36 Post(s)
    Tagged
    0 Thread(s)
    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
    across a period of many years if he is
    to have a chance of succeeding"

    ~RZ67~

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

    Peter1469 (01-12-2018)

  5. #3
    Points: 98,747, Level: 76
    Level completed: 54%, Points required for next Level: 1,203
    Overall activity: 4.0%
    Achievements:
    Social50000 Experience PointsVeteran
    Crepitus's Avatar Senior Member
    Karma
    1253689
    Join Date
    Nov 2014
    Location
    Wichita, KS
    Posts
    35,702
    Points
    98,747
    Level
    76
    Thanks Given
    15,912
    Thanked 11,914x in 8,658 Posts
    Mentioned
    419 Post(s)
    Tagged
    0 Thread(s)
    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?
    Attention:

    The Beatings Will Continue Until Morale Improves.

    That Is All.

  6. #4
    Points: 17,881, Level: 32
    Level completed: 40%, Points required for next Level: 669
    Overall activity: 0%
    Achievements:
    SocialVeteran25000 Experience Points
    Kalkin's Avatar Senior Member
    Karma
    18447
    Join Date
    Mar 2013
    Posts
    6,170
    Points
    17,881
    Level
    32
    Thanks Given
    5,522
    Thanked 3,544x in 2,364 Posts
    Mentioned
    36 Post(s)
    Tagged
    0 Thread(s)
    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
    across a period of many years if he is
    to have a chance of succeeding"

    ~RZ67~

  7. The Following User Says Thank You to Kalkin For This Useful Post:

    Mister D (01-13-2018)

  8. #5
    Points: 98,747, Level: 76
    Level completed: 54%, Points required for next Level: 1,203
    Overall activity: 4.0%
    Achievements:
    Social50000 Experience PointsVeteran
    Crepitus's Avatar Senior Member
    Karma
    1253689
    Join Date
    Nov 2014
    Location
    Wichita, KS
    Posts
    35,702
    Points
    98,747
    Level
    76
    Thanks Given
    15,912
    Thanked 11,914x in 8,658 Posts
    Mentioned
    419 Post(s)
    Tagged
    0 Thread(s)
    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?
    Attention:

    The Beatings Will Continue Until Morale Improves.

    That Is All.

  9. #6
    Points: 17,881, Level: 32
    Level completed: 40%, Points required for next Level: 669
    Overall activity: 0%
    Achievements:
    SocialVeteran25000 Experience Points
    Kalkin's Avatar Senior Member
    Karma
    18447
    Join Date
    Mar 2013
    Posts
    6,170
    Points
    17,881
    Level
    32
    Thanks Given
    5,522
    Thanked 3,544x in 2,364 Posts
    Mentioned
    36 Post(s)
    Tagged
    0 Thread(s)
    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~

  10. The Following 3 Users Say Thank You to Kalkin For This Useful Post:

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

  11. #7
    Points: 9,956, Level: 23
    Level completed: 89%, Points required for next Level: 94
    Overall activity: 25.0%
    Achievements:
    5000 Experience PointsSocialTagger Second Class1 year registered
    Trish's Avatar Senior Member
    Karma
    6902
    Join Date
    Nov 2016
    Location
    Earth
    Posts
    2,800
    Points
    9,956
    Level
    23
    Thanks Given
    1,563
    Thanked 2,033x in 1,241 Posts
    Mentioned
    70 Post(s)
    Tagged
    0 Thread(s)
    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.
    Marilyn Monroe

  12. The Following User Says Thank You to Trish For This Useful Post:

    Crepitus (01-13-2018)

  13. #8
    Points: 16,581, Level: 31
    Level completed: 14%, Points required for next Level: 869
    Overall activity: 8.0%
    Achievements:
    SocialVeteran25000 Experience Points
    countryboy's Avatar Senior Member
    Karma
    8870
    Join Date
    Sep 2012
    Location
    Ohio, USA
    Posts
    5,408
    Points
    16,581
    Level
    31
    Thanks Given
    1,579
    Thanked 2,097x in 1,497 Posts
    Mentioned
    111 Post(s)
    Tagged
    0 Thread(s)
    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

  14. The Following User Says Thank You to countryboy For This Useful Post:

    nathanbforrest45 (01-13-2018)

  15. #9
    Points: 9,956, Level: 23
    Level completed: 89%, Points required for next Level: 94
    Overall activity: 25.0%
    Achievements:
    5000 Experience PointsSocialTagger Second Class1 year registered
    Trish's Avatar Senior Member
    Karma
    6902
    Join Date
    Nov 2016
    Location
    Earth
    Posts
    2,800
    Points
    9,956
    Level
    23
    Thanks Given
    1,563
    Thanked 2,033x in 1,241 Posts
    Mentioned
    70 Post(s)
    Tagged
    0 Thread(s)
    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

  16. #10
    Points: 16,581, Level: 31
    Level completed: 14%, Points required for next Level: 869
    Overall activity: 8.0%
    Achievements:
    SocialVeteran25000 Experience Points
    countryboy's Avatar Senior Member
    Karma
    8870
    Join Date
    Sep 2012
    Location
    Ohio, USA
    Posts
    5,408
    Points
    16,581
    Level
    31
    Thanks Given
    1,579
    Thanked 2,097x in 1,497 Posts
    Mentioned
    111 Post(s)
    Tagged
    0 Thread(s)
    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

+ 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