Posted on 09/07/2023 6:45:06 PM PDT by NautiNurse
Walmart is paying some new store workers less than it would have three months ago, a sign that employers are seeking to cut labor costs as the once-hot market for hourly staff cools.
The country’s largest private employer changed its wage structure for hourly workers in mid-July.
[Snip]
The wage-structure change comes after Walmart and other large employers have for years steadily raised wages and added benefits to attract workers in a tight labor market. The retailer’s latest move suggests that the stresses companies are facing in trying to find employees are easing and that they need to find ways to offset those wage increases.
Walmart said the change allows workers to move between work groups such as food, registers, stocking or digital fulfillment without pay impacts, according to documents given to some store workers.
[Snip]
Retailers are looking at ways to reduce costs in anticipation of some consumer weakness heading into the end of the year, including the holiday shopping season, said David Bassuk, global leader of the retail practice at consulting firm AlixPartners. In general, retailers face more sales and therefore higher labor costs through the late-year holidays.
[Snip]
Some economists have found that Walmart’s market power is a primary determinant of wage levels in local economies where the company has a large presence, especially at other retailers and grocery stores.
(Excerpt) Read more at wsj.com ...
You mean they are not all like Walter?
The last one I saw was a standing garbage bag. Full burka statue
Might have been a Halloween decoration but idk
I was trying for two hours today to order a number of items for home delivery but Wal-Mart’s website was a mess. I tried to hit Enter and record my purchase but the little icon kept spinning and wouldn’t put the items in my cart.
They are getting ready for the mandated hiring of illegals.
More to follow: AI
LOL! That is hee-larious!
They have one job and it’s to put on a happy face.
I’m smiling, see?
https://cdn1.vectorstock.com/i/1000x1000/19/85/angry-smiley-emoticon-vector-5061985.jpg
“health insurance premiums are taking a big leap in 2024”
Excessive deaths [by Fauxci...].
“health insurance premiums are taking a big leap in 2024”
Excessive deaths [by Fauxci...].
$4.00/hour as a part time kinda accountant in the very early 80’s while still in undergrad.
I thought I had hit the lottery!
Oh yes! Bought my first car with my $8/hour and paid off my college tuition promptly! Those were the days...
Of course, UHC didn't whine when they collected all those premiums while everything from cancer treatments to tonsillectomies were postponed during the pandemic.
Sadly, no.
Were you logged in? ::::running and ducking::::
I find that Medicos have some ‘splaining to do.
Should they want to do anything to me, we’re going to have a research paper review.
I guess if wages went to zero, i.e. slavery, then everything would be free!!!
Unfortunately, it's a vicious cycle. Higher wages feed inflation. Inflation demands higher wages to keep up. The new higher wages feed inflation.
The Fed was begging employers to stop raising wages until the economy could get a handle on inflation but low wages means that jobs go unfilled.
Now, credit cards debt is to the moon.
Good point!
In January Walmart said it would raise its minimum hourly wage to $14, up
from $12 to compete for workers at the same time that several rivals, including
Amazon and Target, started at $15.
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