Posted on 01/11/2018 7:42:50 AM PST by nwrep
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From Walmart Corporate Blog:
We’ve got some really good news to share today. As you know, the President and Congress have approved a lower business tax rate. Given these changes, we have an opportunity to accelerate a few pieces of our investment plan. We plan to continue investing in you, in our customers through lower prices, and in our future--especially in technology to help improve your jobs and the experience for our customers.
So, we’re pleased to tell you that we’re raising our starting wage to $11 an hour for Walmart U.S., Sam’s Club, Supply Chain, eCommerce and Home Office hourly associates effective in February.
(Excerpt) Read more at blog.walmart.com ...
Oh good grief.
This is the only country on the planet where the “poor” people are fat.
Over 50 years ago when I studied 2 summers in Mexico, I was amazed at how many fat people were there. Then I made the mistake of lending a “friend” some money, and my mother’s monthly check was lost in transit. After a month of eating like a poor person, I gained 10 pounds. Was not overweight when I started to gain.
I was in Hobby Lobby the other day and noticed the sign about hiring and they are paying over $10/hour for help.
That's SARCASM?
Every Wal-Mart/Sam's Club I've been in, that's reality.
The exact argument against raising the minimum wage, those that have worked long and hard and earned more don’t move up. I’d like to see companies raise everyone the same amount that makes less than x.. let’s say 75k a year. I’m just picking a number year but let’s be honest the higher you go the less that an equal raise matters and the higher you go up the less they need it. I do feel bad for those workers that have been there 10 years make 12 bucks an hour and get nothing out of this deal as an hourly wage.
That is another good sign, thank you.
Thanks nwrep. Alas, over 60 Sam's Clubs will be closing, including the one most convenient for me. It's right next to one of those big 24 hour Walmarts.
This is WalMart. They screw vendors. They screw employees. They fall all over themselves for customers and the PRC. It’s what they do.
Odd how the press is ignoring this story... /s
Why did you triple post the same long thing, responding to three different posts? Just post it once and include the three people in the one post...
You may as well be talking to the walls. All I have to say is that I knew a woman who worked checkout at an A&P supermarket in Columbia, SC back in 1971 and she was making $4.75 an hour then. That would have to equal at least $47.50 an hour in today’s money. If anyone thinks I exaggerate I invite them to prove me wrong. That was union scale and most stores did not pay that much but even a third of it would be worth fifteen an hour now. You could buy a very nice new car for four thousand dollars then. That grocery checker made enough in six months to pay for a very nice new automobile. People with degrees are working for a fraction of what their
grandparents could earn with a high school diploma.
I bought my first house in Mass in 1974 for $28,000, I made $12,400 that year. Had no problem with a GI bill down payment of a around $1750. Never had a problem with the payment which was less that $250 a month.
In 1971, my parents bought a new 4-bedroom, 3 bath home in CA for $28,000. A new 4-door dodge sedan was ~ $5000. The price of gas was around a quarter and $100 worth of groceries would fill its cavernous trunk.
I believe he paid his employees around $6/hr—significantly over the median at the time. The lady who ran the office probably made less than 5 and was still considered paid well. They were good workers and were paid well and punctually. Many a month my folks weren’t able to draw anything from the business. Almost killed my mom, trying to juggle books and feed a family of six. Every time I’d hear how easy I had it growing up because my parents were “rich” business owners, I’d just laugh.
Many people made a decent living with wages we’d consider obscene today. The purchasing power and wages have gone down every year that I’ve been an adult. That doesn’t even consider the fact that the majority of homes at that point only had one breadwinner—generally that sexist bastard working his ass off for his family.
my 90 yro FIL is in a facility, since about 3 weeks ago...
yep....the bill went up $500 a month and the people told my mil it was because of the minimum wage raises...
not that I believe that entirely but like I told her...votes have consequences...
ouch! So wages did rise up the ladder. I’ve always wondered about that part of minimum wage hikes.
So it’s instant inflation. Brilliant, liberals!
There is a difference between the economy which the populations feels through jobs and benefits, and the economy reflected by the stock market which stockholders feel through increases in stock prices and dividends. The stock market rise can be attributed to the belief, now confirmed by the new tax bill, that big business will benefit from the Trump presidency. Workers have yet to see the promised benefits. However, many of them are also optimistic which means they are buying things, and have doubled the size of their credit card debt. Heaven help us if the optimists are wrong.
I decided to compare old versus new wages using the inflation calculator, link below. Regarding the person earning $4.75 in 1971, it would now be $29.42. Not quite over $40, but not bad either. I also was working as a supermarket checker in 1956. First as a union employee they paid me $1.40 per hour or $12.60 today, then they discovered I was leaving for college after the summer and cut me to $1.05 or $9.45 today. Somewhere between 1956 and 1971, it appears that workers started to be paid better.
https://data.bls.gov/cgi-bin/cpicalc.pl?cost1=4.75&year1=197101&year2=201712
Most of the wage deflation and lowered standards of living are the fault of Republicans and not Democrats. Democrats just chewed the carcass. The Republicans bought off on the global agenda, made fortunes for the upper 5%, and threw the rest of the USA under the bus.
Surely you don’t take those government figures seriously, they are laughable.
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