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 ...
Thank you!
Theft is running rampant and going unpunished. Walmart cannot raise their prices much due to their “low price” reputation. Ipso facto, lower wages.
With Xiden allowing nearly 1.5 million to cross the borders, our replacements are ready to take our jobs.
All too soon, the signs on the doors will read, “English spoken here.”
Walmart is paying some new store workers less than it would have three months ago.
Decoded: Hire illegals at a lower cost put Americans out of
work.
Security cameras go mussing among other items.
Wal-Mart prices have skyrocketed, and self checkouts have ballooned. They need to pay MORE, not less, to the few hourly workers they hire.
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