Walmart’s Shiny New $11 Minimum Wage Isn’t Really A Result Of The Tax Law

[nathanbforrest45]

No and this getting stupid.

What did you expect. You are not starting the thread with postings from an intellectual genius you know.

[Captdon]

What's your point with relations to this story?

What's yours?

[Trish]

Its still not Wal Mart stores closing. Different customer base, different marketing strategy.

Average people don't look at in the terms you describe. A job loss is a job loss. To give one person more while taking from another....... That's an awful optic.

[nathanbforrest45]

The tax break may not have been the prime motivator but it certainly made giving the raises easier with the additional money Wal-Mart would have in its coffers.

[Trish]

What's yours?

I posed my question to him because I was trying to figure out what the argument was so we could have a discussion. If you look at my comments to Kacper and Nathan I think they express my point.

[nathanbforrest45]

Average people don't look at in the terms you describe. A job loss is a job loss. To give one person more while taking from another....... That's an awful optic.

I think most people don't equate Sam's with Wal-Mart. There are always shifts in work forces. How many companies have closed their brick and mortar stores and gone completely on line? Look at what is happening with grocery stores in South Korea and I can guarantee it will happen here in the near future. I am speaking of the on line stores where the shoppers simply press a button for what they want, the order is filled from a distribution center and either delivered to the customer or is available for pick up. Eventually, this will all be on your computer and only the distribution centers will be staffed.

https://www.google.com/search?q=sout...ih=673#imgrc=_

[Trish]

I think most people don't equate Sam's with Wal-Mart. There are always shifts in work forces. How many companies have closed their brick and mortar stores and gone completely on line? Look at what is happening with grocery stores in South Korea and I can guarantee it will happen here in the near future. I am speaking of the on line stores where the shoppers simply press a button for what they want, the order is filled from a distribution center and either delivered to the customer or is available for pick up. Eventually, this will all be on your computer and only the distribution centers will be staffed.

https://www.google.com/search?q=sout...ih=673#imgrc=_

Hmmmm......maybe you're right about the average person not knowing the connection but I'm sure they do now. :0)

I agree 100% about the changing landscape of how consumers purchase. It's worrisome in the sense that we don't really seem to have a plan on what we do with those individuals who will be losing their jobs.

[Chris]

Walmart’s Shiny New $11 Minimum Wage Isn’t Really A Result Of The Tax Law



Read the rest at the link.

Indeed, “It’s great to see the job market getting better, and the market works, so we’re adjusting to that market.”

That could be a change in the job market or it could be a tax cut that lets businesses use their profits as they see fit. There's no contradiction and the OP is not a counterargument.

[The Xl]

So, tax cuts cause store closings then?

How would that even make sense?

[Chris]

You know Walmart is closing a bunch of stores right?

And opening more. They are closing Sam's, they said, and building a new one a mile from my house. They do this all the time. Move into a local market, thinking it will be profitable, and when it's not, close down the store, while opening others elsewhere.