Posted on 02/19/2015 4:07:11 PM PST by SunkenCiv
Today, Walmart announced that by 2016 the minimum wage paid to workers in its stores will be increased to $10. In other words, the company has voluntarily raised wages, not because the government or labor unions forced them to, but because they think it's the best thing for business.
"Beginning in April, Walmart U.S. will increase its starting rate to $9 an hour or higher. By February 2016, all current associates will make $10 an hour or higher. Additionally, Walmart is piloting an onboarding and training program that will create clear career paths for associates so they know what is expected of them in order to move from entry level positions to jobs with more responsibility and pay $15 an hour or more," a statement released by Walmart Thursday says. "Walmart's new associate initiatives were announced in conjunction with the company's fourth-quarter and fiscal year-end 2015 earnings results. Walmart reported fourth quarter underlying earnings per share of $1.61. The company's fourth quarter U.S. comp sales increased 1.5 percent, while consolidated revenue for the full fiscal year reached $485.7 billion."
Research Director at the Employment Policies Institute Michael Saltsman...
"Walmart's decision to increase its store minimum wage to $10 an hour exemplifies how wages rise in a free economy: by choice, not by government mandate. Just because a $10 minimum wage is the right choice for Walmart, however, does not mean it should be mandated for all other businesses, regardless of industry or size," The rash of recent small business closures in San Francisco as a consequence of the city's recently-passed 36 percent minimum wage hike highlights the folly of raising wages by fiat."
Not surprisingly, pro-labor union groups still aren't satisfied.
(Excerpt) Read more at townhall.com ...
In before the Walmart bashing.
This is bad news for poor kids who are ill-prepared to be worth $10/hr the moment they walk in the door.Increase of pay means an increase in the number of people willing to work at the job.
Increase of people willing to work at the job means that the hiring manager can and should be pickier about who to hire.
Pre-empting SEIU to make them irrelevant, most likely.
Works for me.
OMG that Chinese made plastic clothes basket may go up a penny! Crisis!
I see more automated “self checkouts” in Wal-mart’s future. I hate the things ... depending on the time of day, they don’t have a lot of cashiers working, especially of the “20 or less items” variety.
***
Perhaps Emily if you actually spent more time WORKING and less time “ORGANIZING,” you might actually be able to move into a managerial position with better pay.
This is what's wrong with the whiners. They cry about their job, but they do nothing that would lead them to a better job and an improved economic situation. They think being a cashier or a stock room clerk should be their life’s work and they should be paid as much as the CEO.
And they think this will stop the left-tards from continuing to try to destroy them?
Some years ago, during welfare reform, our local supermarket chain took on some of those who were thrown off welfare. The local market had three of these employees. One of them was rude, nasty and constantly complaining. I got into a shouting match with her that eventually was resolved by the manager. The next week I noticed these three employees were gone and about a week or so after that, those automated checkout stations were installed. It was a lesson to the employees who remained. Don’t want to work? Fine. We’ll replace you with a machine.
Clever move, jump on the minimum wage band wagon and force the little guys who can’t afford the increase out of business.
Emily is not an employee of Walmart, she's a well paid organizer for the United Food and Commercial Workers International Union.
Wal-Mart: Hoping the crocodile will eat them last......
I haven’t been to a Wal-Mart anywhere that had more than 4 registers open in the last 10 years. It is the main reason I seldom go there anymore.
In the ongoing Baraqqi Depression, they’ve lost a good bit of low end business to Dollar General and Family Dollar.
Wish they’d have done this years ago, I might not have left, now if only they could #1) Hire more employees so that their not understaffed in many departments and #2) Go to an individual based rewards system (instead of store-wide socialism) they’d actually start to improve their customer service.
Back in the early '90s, I talked with a small manufacturer about NAFTA. Among the topics, he brought up that he tried out a state program that paid him some bucks if he hired people on welfare. It turned out they were so pist off at being kicked off welfare, they sabotaged his machinery, costing him far more than the state subsidy.
7:30 to 8:00 a.m. is “optimum” shopping time for me. Earlier than that, not enough cashiers open. Later than that, too many people for the cashiers they do have open. I can also get a parking place fairly close to the doors.
I was reading the OURWalmart Facebook page. The followers are morons.
It definitely won’t.
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