Posted on 01/18/2016 5:41:11 AM PST by Rockitz
IIRC It showed the increase in employee wages added $2 billion to operating expenses but spread out over the net revenue and sales volume it came out to less than a penny per sales dollar. Which is significant but not that significant.
The data is available if you want to do it yourself.
Directive 10-289 comin’ atcha.
How does an alleged news organization repeat the details of a hoax? Their link doesn't work and it appears the story originated with something called News Examiner.
Thanks. I actually just got a FReep mail on that. I had never heard the story before which is why I thought it to be the interesting part, but admittedly did not go the next step and look at the reference.
Amen! When a business surrenders to political correctness and pays a person worth [maybe] $9 an hour $15 an hour, there will be some impact to the bottom line.
That's true. This is why I don't understand why they hire male employees. Women work at $.73 for every $1.00 a man makes. They could be saving 27% on payroll!
Then there’s this.
Admittedly, this is not quite the upright walking, talking style robot, but nonetheless a fair piece of automation.
The minimum wage in LA isn’t $15. Walmart is closing stores all over the country and the world. This headline will hurt Beribart reputation about telling the truth.
Now those former Wal*Mart employees get $0.00/hour wages.
Socialism and government meddling in the economy sure made their lives better ...
Do away with the minimum wage. End it. We don’t need it these days.
Economic theory teaches about supply, demand, and equilibrium price and quantity. Wage and price controls are usually discussed. If the government sets prices high, you get excess supply, unemployment for example. If the government sets prices low, you get excess demand, or shortages - think of the gas/price crisis of the 1970s.
It's taught this way in economic courses from introduction to economics, to intermediate micro-economics, and advanced micro-economics.
Liberals are totally ignorant on this topic. Whenever I mention that minimum wage laws lower employment of minimum wage workers, I get a look of surprise. They've never heard this before.
By the way, the law of demand applies to union wages and benefits also. Unions drive up wages/benefits for union workers, but decrease employment. Unions are good for some workers, but bad for workers in general.
It will be $15 by 2020.
http://www.latimes.com/local/lanow/la-me-ln-county-minimum-wage-20150721-story.html
Yes the auto industry is a good illustration
Stupid, stupid lefties. Poked the sleeping giant. Spoke crap to power, and got trampled.
Expected results once regulatory influences clash with basic human nature, which happens to be TRUE capitalism (not crony capitalism at any percentage).
“As people deeply committed to environmental and climate justice, we condemn Walmart as a climate criminal and we stand side-by-side with Walmartâs workers organizing for $15 per hour, full time work, and the respect they deserve.”
Better fiction couldn’t possibly be written...
I see what you did there. LOL!
“Some city developers and politicians worked hard to get companies like Wal Mart and other âbig boxâ stores to set up shop in urban areas...”
The politicos thought they would have a “hostage” situation, and could force Wal-Mart to do their bidding.
Wal-Mart showed them. “Last one out the door...shut off the lights.”
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