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Wal-Mart Cannot Afford the $10 Wage

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posted on Oct, 17 2015 @ 08:15 PM
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Who would have thought Albert Einstein would have weighed in on this very subject in an article he wrote back in 1949:




Private capital tends to become concentrated in few hands, partly because of competition among the capitalists, and partly because technological development and the increasing division of labor encourage the formation of larger units of production at the expense of smaller ones. The result of these developments is an oligarchy of private capital the enormous power of which cannot be effectively checked even by a democratically organized political society. This is true since the members of legislative bodies are selected by political parties, largely financed or otherwise influenced by private capitalists who, for all practical purposes, separate the electorate from the legislature. The consequence is that the representatives of the people do not in fact sufficiently protect the interests of the underprivileged sections of the population. Moreover, under existing conditions, private capitalists inevitably control, directly or indirectly, the main sources of information (press, radio, education). It is thus extremely difficult, and indeed in most cases quite impossible, for the individual citizen to come to objective conclusions and to make intelligent use of his political rights.

monthlyreview

Einstein may have been one of the greatest minds of the 20th century, and in 1949 he seemed to accurately predict our current state of affairs. Most people are totally unaware of this article by Einstein, American social engineering seems to discourage, discredit, and outright slander anyone who echos similar sentiments.




posted on Oct, 17 2015 @ 08:29 PM
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WalMart CAN afford it, but they can't afford the hit to their bottom line.

They're a multi billion dollar company, they could definitely afford to pay their workers a few extra bucks and add full benefits.

They just refuse to do so. Costco pays their workers at least twice the minimum wage and are able to live with the impact on their bottom line.

I wonder how many WalMart share holders are Republicans who claim that people shouldn't be on welfare or get any form of Social Assistance, while the corporation they're supporting puts hundreds of thousands of people on welfare by not paying them enough for what they do.

It's time for corporations to pay a living wage. And it's time for RESTAURANTS to be made to pay minimum wage to servers as well.



posted on Oct, 17 2015 @ 08:32 PM
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originally posted by: TinySickTears
a reply to: Metallicus


ive only read the first post cause this discussion is always the same. i just wanted to point out that the big evil wal mart is no different than 99% of the companies out there.
i work for a company that has plants in ohio, texas, france, and south africa.
share holders = 4 people.



The economics of our country is rigged to make the rich richer and the poor poorer.
It is not the poor dictating economic policy but Crony Capitalists, contrary to the Preamble of the Constitution

I have a similar story to tell.

The last company I worked for, the outgoing CEO outsourced our entire department, me included to raise shareholder value and his compensation package. The incoming CEO I heard a year later recreated the department due to lost revenues with great exuberance and fanfare to boot shareholder values. The outgoing CEO did not start the business and the incoming CEO did not start the business. They came in to rape it for themselves and left with the gold. I had to add that to counter the claim to start your own business meme we see so often.

Most Big Business in America goes through a process such as this where it passes from one CEO to another.

Wall Street used to be the fuel to aid in Main Street
Now it is the other way around where Main Street is used to fuel Stock Dividends and CEO Compensation Packages on Wall Street.

Corporate and Banking Lobbyists that own our government do not care about the Preamble



posted on Oct, 17 2015 @ 08:32 PM
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originally posted by: Another_Nut
i would also like to say that as a homeless person i am looked upon with much disdain by those who think themselves better and just think of me as a leech but should i get a job , say at walmart then i will be still be looked down upon and with almost as much disdain . its fascinating to see how people are so deluded by their own good circumstances that they dont notice how close they are to becoming the object of their own prejudices

its not easy to find work without an address or phone . but i continue to try . but some of the things people believe about those who work for walmart is truly inhuman. truly


I've been homeless, let me give you some advice about getting a job. Lie. When you goto an interview or show up for work, look the part like you have a place to live. If they need an address give them the address of a friend or just make one up entirely and hope they don't check it. No employer is going to actually mail you something, and if they do once you have the job and can pay rent you can just tell them you moved and give them a legit address.

You can also say that if they find out you lied they'll fire you but in that case you had a job for a time. If they knew you were homeless you wouldn't have a job at all. However, you must have a phone number it is 100% essential because they will call you to set up interviews or to call you in at times. Use a cell phone, the lifeline program will provide you with a phone and a few minutes per month. Finding places to charge it can be tricky but most phones if you don't bog them down with apps and just use them for talking will last for about 5-7 days on a full charge.

If you don't have a car, I would suggest a good sized backpack to live out of. Keep the clothes you wear and two other sets of clothes in it, use the roll up vacuum bags. Fold your clothes and roll them, a good sized backpack will have space for two outfits and they'll stay clean until you need them to fill out applications and interviews.



posted on Oct, 17 2015 @ 08:38 PM
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originally posted by: MountainLaurel
So what changed since the 1980's when people could make a career out of working for Corporations ? Among a number of factors, such as disastrous trade deals, the demise of unions and collective bargaining, to name a few , was something called "Share Buybacks" which is basically a way for very few to share in the profits the Company generates.





In 1970, there were less than 200 Corporate and Banking Lobbyists in DC
In 2015, there are more than 2000 Corporate and Banking Lobbyists in DC

That does not even include the number of revolving door Corporate and Banking Politicians that infest DC
The government was never intended to be a money making machine for Corporate and Banking Lobbyists but a representative government for all people and that is what it is today



posted on Oct, 17 2015 @ 08:41 PM
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a reply to: babybunnies

heck, I haven't been able to wrap my head around just how buying stock in any one company actually does much of anything for the company. it might have been true some time in the past, but now it seems that the big fishies on wall street can sink the strongest of companies by selling an outrageous number of shares that they don't even own, or build up the most fragile company by making it appear that there's a huge demand of the shares. unless you are buying shares directly from the company, at a price that reflects the actual value of the company, just how is the company benefiting? if I sell a share to stock to you at double it's actual value, does the company get a share of the profit? does it's profits magically increase? what about it's hard assets? just what changes on it's balance sheet reflects the transaction?



posted on Oct, 17 2015 @ 08:48 PM
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originally posted by: MystikMushroom
Who would have thought Albert Einstein would have weighed in on this very subject in an article he wrote back in 1949:




Private capital tends to become concentrated in few hands, partly because of competition among the capitalists, and partly because technological development and the increasing division of labor encourage the formation of larger units of production at the expense of smaller ones. The result of these developments is an oligarchy of private capital the enormous power of which cannot be effectively checked even by a democratically organized political society. This is true since the members of legislative bodies are selected by political parties, largely financed or otherwise influenced by private capitalists who, for all practical purposes, separate the electorate from the legislature. The consequence is that the representatives of the people do not in fact sufficiently protect the interests of the underprivileged sections of the population. Moreover, under existing conditions, private capitalists inevitably control, directly or indirectly, the main sources of information (press, radio, education). It is thus extremely difficult, and indeed in most cases quite impossible, for the individual citizen to come to objective conclusions and to make intelligent use of his political rights.

monthlyreview

Einstein may have been one of the greatest minds of the 20th century, and in 1949 he seemed to accurately predict our current state of affairs. Most people are totally unaware of this article by Einstein, American social engineering seems to discourage, discredit, and outright slander anyone who echos similar sentiments.


There is a lot of Government directed propaganda involved as well for people against the current arrangement.
We see people calling others Communists and Socialists for speaking out against the current structure.

In other words, if you speak out against the Crony Capitalists in control of our government, you are a Socialist or Communist. It has nothing to do with what others want that make them communist in their eyes, but the fact that they are threatening the crony structure that makes them communist in their eyes.

Give us what we want and keep the status quo are you are a Communist



posted on Oct, 17 2015 @ 10:27 PM
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a reply to: dawnstar

Corporate stock is only sold once, during the IPO or at any other time they sell stock. Everything else is a third party trade selling ownership of that stock from one party to another no different than buying the certificate to a number of gold bars. The value of those bars flucuate but the company that originally mined the gold only got to sell it once. Stocks going up or down signify how desirable those stocks are which impacts the companies future investment opportunity. With a more valuable stock the company can sell less of itself in order to expand, but if the stock isn't worth anything the company is mostly limited to only it's revenue in order to expand or make upgrades.

Part of the contract in selling the stock, in order to make it an attractive investment is a promise from the company that they will work to increase the value of those shares, this is usually reflected in the contract and legally obligates the company to seek a higher share value.

a reply to: jacobe001

Capitalism is a good system but it cannot exist across different economic regions. When you can get cheap labor in one region, and then sell your product/service in a more expensive region while not providing jobs in that region capitalism doesn't work.



posted on Oct, 17 2015 @ 10:57 PM
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a reply to: jacobe001

And due to the Cold War, "Communism" became a vulgar word in America. Communism abolishes religion, so in America we saw the rise of Christianity tied closely to conservative politics -- which continues to this day.

Russia was our competition, so naturally we'd slander and create propaganda to discourage any legitimate discussion about socialism. I mean look at Marxism, it's finished. Over the past 60 years the Horatio Alger myth of the "American Dream" was repackaged and reused once more:



The "Horatio Alger myth" is the "classic" American success story and character arc, the trajectory from "rags to riches". It comes from the novels of Horatio Alger, Jr., which were wildly popular after the Civil War in the United States.

Wikipedia

People seem to forget that Horatio Alger's literature was used post-Civil War as propaganda to keep newly freed slaves from rioting and causing violence. It gave these poor and destitute newly freed slaves hope. It's been repackaged and combined with a 1950's "golden era" nostalgic narrative in modern times.

The fact of the matter is, we'll never see a prosperous America like we saw in the 1950's. World War II had just ended and most of the world was bombed to hell. America was left unscathed and her factories were already roaring. We had high demand for products to help rebuild Europe and parts of Asia. We simply won't see that kind of exploding middle class anytime soon.
edit on 17-10-2015 by MystikMushroom because: (no reason given)



posted on Oct, 17 2015 @ 11:03 PM
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originally posted by: Aazadan
a reply to: dawnstar


Capitalism is a good system but it cannot exist across different economic regions. When you can get cheap labor in one region, and then sell your product/service in a more expensive region while not providing jobs in that region capitalism doesn't work.


Agreed. Also, all parties in capitalist markets, workers, buyers and sellers alike need to have voluntary participation.
There is nothing voluntary about stealing 250 million Chinese land and sending them to go make widgets for American corporations for a dollar an hour in Chinese cities as one example.


edit on 17-10-2015 by jacobe001 because: (no reason given)



posted on Oct, 17 2015 @ 11:21 PM
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a reply to: Aazadan

Ty sir but I have been homeless almost 6 years I know all the tricks and more

I do lie . I have done a lot of things I am not proud of too

And I have worked for close to 5 out of those six years

I have never taken a gov handout in my life as I feel doing so would make me a hypocrite

I abhor the government and have done everything I can to snub them. They won't get crap from me and I won't take crap from them



posted on Oct, 18 2015 @ 08:31 AM
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originally posted by: Metallicus
Today Wal-mart stock was absolutely clobbered as the CEO finally quantified what the $10 wage hike would do to his company and to shareholders. Wal-mart stock holders lost over 20 billion in market cap today which ended up hurting retirees, employees with 401-ks and people investing for their future.

This is just one more step in what is coming in the new gimme gimme economy as the self-described disenfranchised generation takes from those that work hard and save for their own retirement and destroy the existing economy to usher in a new age of Government taking care of us.

This is a sad day for those that have been playing by the existing rules and a win for the do-nothing Communists that are now trying to steal wealth from everyday Americans.

Wal-mart Stock Plummets



Um, yea there bud. No generation has anything to do with theft from retirement or destroying the economy.

You know who did, though? The people you elect, the people that stole your money during the Bank Bailouts, that you probably didn't even whimper about, the people writing your laws that you're too blind and lazy to pay attention to, the people we all blindly follow for whatever stupid reason, and continuously elect the same rich assholes year after year, the "Elected Officials" that eat, sleep, and dress a thousand times better than their servants could ever dream of.

In a democracy, the people get the government they deserve.
edit on 18-10-2015 by Flesh699 because: (no reason given)



posted on Oct, 18 2015 @ 11:29 AM
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a reply to: Metallicus

love how you borrowed $800 from daddy an made your own business from it. You couldn't even earn it on your own, much less at $10hr. But you will trash people who work at Wal Mart when they have systematically took over many industries through the last few decades, rendering small time business's out of commission, and consumed workers for which they have to accept pay. But hey you can't do much about narcissism, can YOU.



posted on Oct, 18 2015 @ 05:11 PM
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a reply to: Flesh699

You are correct...the people get the leaders they deserve. But that is the majority of the people who are blood sucking leeches happy to steal from anyone, legally or illegally to get "stuff" they want. I...am not one of the majority. I've worked hard for everything I have which is anything dramatic. I'm comfortable and happy. I don't need more and if I can do it, most anyone else can too. Unless they don't try...or take the easy way of stealing from others.



posted on Oct, 18 2015 @ 05:52 PM
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originally posted by: boymonkey74
a reply to: Metallicus

They can not afford to pay 6.42 (in sterling) an hour?
After they paid 7.2 billion to shareholders up to Jan 2015?.

news.walmart.com...

What do you want Met to bring back slavery?.


So it's not company that is the slave owners, it's those who have invested their money in the company.
Or it's both the company and investors

The rich get richer and the poor, poorer.

Will anyone be surprised when the peasants revolt

7.2billion to shareholders, that's obscene if we consider what employees get paid

I think it's already slavery



posted on Oct, 18 2015 @ 06:55 PM
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a reply to: Metallicus

Well said.



posted on Oct, 18 2015 @ 07:49 PM
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originally posted by: WeAreAWAKE
a reply to: Flesh699

You are correct...the people get the leaders they deserve. But that is the majority of the people who are blood sucking leeches happy to steal from anyone, legally or illegally to get "stuff" they want. I...am not one of the majority. I've worked hard for everything I have which is anything dramatic. I'm comfortable and happy. I don't need more and if I can do it, most anyone else can too. Unless they don't try...or take the easy way of stealing from others.


Assuming you're right that anyone can do it, not everyone can do it. Some people have to be the low paid employees. There's always going to be a bottom 1, 5, and 10% of income earners. The whole point is in making sure the bottom is still livable.



posted on Oct, 18 2015 @ 08:07 PM
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originally posted by: babybunnies
WalMart CAN afford it, but they can't afford the hit to their bottom line.

They're a multi billion dollar company, they could definitely afford to pay their workers a few extra bucks and add full benefits.

They just refuse to do so. Costco pays their workers at least twice the minimum wage and are able to live with the impact on their bottom line.

I wonder how many WalMart share holders are Republicans who claim that people shouldn't be on welfare or get any form of Social Assistance, while the corporation they're supporting puts hundreds of thousands of people on welfare by not paying them enough for what they do.

It's time for corporations to pay a living wage. And it's time for RESTAURANTS to be made to pay minimum wage to servers as well.


Don't know, wonder how many people complaining about Wal-Mart have some 401K invested in it? I assume it's like the oil industry, and hypocrisy knows no bounds.



posted on Oct, 19 2015 @ 09:52 AM
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Thank you! I appreciate the words.
a reply to: calstorm




posted on Oct, 28 2015 @ 08:39 PM
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originally posted by: Metallicus
Today Wal-mart stock was absolutely clobbered as the CEO finally quantified what the $10 wage hike would do to his company and to shareholders. Wal-mart stock holders lost over 20 billion in market cap today which ended up hurting retirees, employees with 401-ks and people investing for their future.

This is just one more step in what is coming in the new gimme gimme economy as the self-described disenfranchised generation takes from those that work hard and save for their own retirement and destroy the existing economy to usher in a new age of Government taking care of us.

This is a sad day for those that have been playing by the existing rules and a win for the do-nothing Communists that are now trying to steal wealth from everyday Americans.

Wal-mart Stock Plummets



I gotta say, i disagree. And i find what you're saying to be more than a little ignorant.

If you don't mind me asking, what do you do for a living?

I pack bags at a supermarket. I don't enjoy it, it doesn't pay well, but it was all i could find. I used to be a business-class field supervisor for a cable company, so i hope that gives you some small indication of what i'm capable of, and qualified for. The cashiers that work alongside me get paid around 10 dollars an hour, and the company i work for is nowhere near the juggernaut that walmart is... I'm looking to transfer to another department, now that i've got my foot in the door, in the hopes that it will yield more hours, and a better hourly rate.

Without customers, your business goes away. Similarly, without employees, your business goes away. You should appreciate and honor both. Treat your customers well, and your employees better.

I believe in hard work, and earning what you have, and all that.... but the opportunity often isn't there. specialty vocational training costs money. If you're barely earning enough to feed yourself, then any chance of getting that training goes right out the window. I know i've been operating in the red for MONTHS, as my job is actually costing me more to have, than it pays. I'd love to go back to school, but it costs money i don't have...

the bottom line is that walmart is a HUGE company, worth literally BILLIONS of dollars...they can afford the hit.
edit on 10-28-2015 by Daedalus because: (no reason given)




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