Posted on 08/31/2015 11:42:44 AM PDT by Enlightened1
But the story didn’t stop there. Late last month we highlighted an internal memo circulated at Arkansas recruiting firm Cameron Smith & Associates which looked to be an attempt to prepare the firm’s employees for layoffs at Wal-Mart’s home office. Then, not a week later, Bloomberg ran a story detailing the grievances of some senior Wal-Mart employees who suddenly realized that although they may still be making more than their subordinates, the wage hierarchy had been distorted and that distortion had nothing to do with merit. As we put it, “higher paid employees don’t understand why everyone under them in the corporate structure suddenly makes more money and if people who are higher up on the corporate ladder don’t receive raises that keep the hierarchy proportional they may simply quit which means that, for Wal-Mart, raising the minimum for the lowest paid workers to just $9/hour will end up costing the company around $1.5 billion if you include the additional raises the company will have to give to higher paid employees in order to retain their 'talents'and avoid a mid-level management mutiny.”
Well, don’t look now, but undergrad economics is rearing its ugly again at Wal-Mart as the retailer cuts workers’ hours in a desperate attempt to offset wage hikes. Here’s Bloomberg with more:
(Excerpt) Read more at zerohedge.com ...
If they had the math skills to handle this they probably wouldn’t be working at Walmart.
I have friends working at the local WalMart, the work hour cuts went into effect less than a month after the pay increase. Mid level managers have left.
Globalism is a great thing....for the globalists. And that's about it.
It’s pretty good for all the ten of millions who buy good cheaply. Damn capitalism.
Yeah and the WORST part of this is those really HEAVY chains WM forces their employees to wear in order to keep them there.
Beat me to it. :)
There was some Liberal blogger a few years ago who “went undercover” and took a job at Walmart to write an expose on the horrible mistreatment of workers there.
After about a month on the job she was forced to concede that, given what the job was, working conditions were actually pretty good.
From my sources, one is required to check the schedule daily as hours will change and you can be blamed for that. Kind of a pain if you ask me. They tend to ask a lot from what I hear.
Do you really think you’re “buying goods cheaply”? If I want quality things that last, I can find them from fair-trade countries and it’s getting more common made-in-the-USA. WalMart lacks style, lacks quality, lacks uniqueness. And why would I want to by stuff which has been mauled by WalMartians? I wish those who shopped at WalMart had to pay a tax surcharge to subsidize the starving employees!
They would have to use chains to force them to work there if their paychecks weren’t subsidized by government handouts.
A lot of the associates are on food stamps, so yeah, they are subsidized.
Why are they subsidized? Because the government decided that working as an entry level cashier is now a career and those who do that job deserve supplementation to their income using our tax money.
Again, people are on food stamps because they remain in entry level positions like cashier or stocker at Walmart. Why should we pay taxes so someone can work an entry level job the rest of their life? (Of course, handicapped workers not included).
That’s how retail does it. They did it 25 yrs. ago when I worked in that business. One of my former employers issued the schedule Saturday through Friday. If you had a bad weekend and did not make your sales for Sat. and Sun. you knew you weren’t going to make the week, so the computer kicked out automatic schedule cuts. Employees were told to double-check each Monday.
I’m talking about actual working conditions while on the clock. The blogger found it was not exactly the Roman Slave Galley.
Typically uninformed and probably a Jon Gruber troll.
Since so many WM associates are retired folks looking to supplement their income, which in their case happens to b SOCIAL SECURITY, I suppose technically you are correct but but from the common sense POV, not so much.
Educate yourself,
http://www.forbes.com/sites/timworstall/2014/07/23/walmart-pays-high-wages-not-low-wages/
May I suggest Basic Economics by Thomas Sowell? It will give you an idea about what information regarding economics you should seek, and then, what questions to ask.
5.56mm
Reminds me of the Gravity Payments company in Washington, where the CEO instituted a $70k minimum wage.
Yes, items at Wal-Mart are in fact cheaper on average. I don’t go there often, but if I did I would spend less on the exact same items I buy at the grocery or a Target.
The whole concept of paying a tax surcharge is crap. If people who are capable of a higher wage, they would take it elsewhere. Walmart provides wages perfectly in line with the law and as the market bears. That BS theory is nothing more than propaganda.
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