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Wal Mart increasing mimimum wage and benefits; say tax reform is a reason

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posted on Jan, 11 2018 @ 09:24 AM
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Walmart is just throwing a small bit out to make it look as though this big deal for the average worker. They have to play their small part in the illusion to keep it going.




posted on Jan, 11 2018 @ 09:26 AM
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a reply to: Grambler

Be honest, how many companies won't use this to increase their profit margin?

Look, I'm all for higher wages and tax decreases, but I can't discount that corporations won't abuse the system.



posted on Jan, 11 2018 @ 09:28 AM
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Walmart here is making way more of the self checkout registers. That takes out some of the cashiers jobs. Supposedly they are doing it because of Meiers coming to town. There are cameras over every checkout and they increased the staff of security people to monitor for theft, but one person can actually watch three or four of the checkouts instead of a cashier for each one.
so Walmart is cutting jobs here because of technology. It will raise the income of the court system, more people get caught trying to get away without scanning things, they do not think they are being watched. It would be easy to pass something over a scanner without it registering, but with someone monitoring this action people will be caught and procecuted for shoplifting.



posted on Jan, 11 2018 @ 09:28 AM
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a reply to: roadgravel

lol have you any notion how a business works?
This is a capitalist economy. Ask the soviet union what happens when capitalist are forced to share with everyone without productivity.



posted on Jan, 11 2018 @ 09:31 AM
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originally posted by: Terminal1
a reply to: Grambler

That doesn't null and void the argument though. It doesn't matter how the wages have gone up. It would make Doctors envious of the lowly Walmart worker.



I am sure no one said doctors would be envious of the wages wal mart employees made.

See my previous post.

A companies profit is how much they bring in minus their expenses.

If you just raise wages, profits would decrease. So in order to maintain profits, they would have to bring in more money, hence raise prices.

However, if the expense of tax is lowered, that money saved can be used to increase wages without hurting profits, therefore prices do not need to be raised.

The arguments you are referencing were agiant government forcing employers to pay more.

Here are some recent examples of how that is working out.


The San Diego based fast-food chain says that with California's minimum wage rising to $15 by 2022, automated kiosks and other previously tested technology which was previously failed to pencil out are now economically feasible.

www.zerohedge.com...


That said, here in the real world, competition prevents corporations from earning excess profits (at least for an extended period of time anyway) and businesses respond to higher labor costs through capital investments designed to reduce labor (think ordering kiosks at McDonald's) and/or other cost cutting initiatives.

In fact, for the latest example of the unintended consequences of higher minimum wages, one has to look no further than a pair of Tim Horton's franchises in Ontario, Canada. Faced with a 21% hike in minimum wages starting January 1st, with hourly rates going to $14 from $11.60, owners of the two restaurants said they had no choice but to cut employee benefits and eliminate paid breaks to offset their higher costs.


www.zerohedge.com...

Seattle Min Wage Hikes Crushing The Poor: 6,700 Jobs Lost, Annual Wages Down $1,500 - UofW Study
www.zerohedge.com...

Study Finds Higher Min. Wages Bring Crushing Job Losses For Female And Minority Workers
www.zerohedge.com...

Harvard 'Shock' Study: Each $1 Minimum Wage Hike Causes 4-10% Increase In Restaurant Failures
www.zerohedge.com...



posted on Jan, 11 2018 @ 09:33 AM
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a reply to: rickymouse

Your right entitled Americans should be able to steal with impunity.



posted on Jan, 11 2018 @ 09:33 AM
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originally posted by: eriktheawful
a reply to: Grambler



providing a one-time cash bonus for eligible associates - those who have been with the company at least 20 years - of up to $1,000,


Have to tell my wife to keep a look out for that. She's a 22 year veteran of Wally World.



Your wife must be a strong and saintly woman to put up with the grind for that long.



posted on Jan, 11 2018 @ 09:34 AM
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originally posted by: DBCowboy
a reply to: Grambler

Be honest, how many companies won't use this to increase their profit margin?

Look, I'm all for higher wages and tax decreases, but I can't discount that corporations won't abuse the system.



Well we have already seen a litany of companies saying they will be paying workers more.

Sure, I assume companies will increase profits. But that on its own is not a bad thing.

More profits can mean more job creation, increased 401k's etc.

And the corporations you are discussing were abusing and will continue to abuse any system.



posted on Jan, 11 2018 @ 09:35 AM
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a reply to: Saiker

You don't pay employees with profit.
You pay them with revenue.
The money left after expenses is profit.

A $100 widget cost $50.
Take out a few expenses now.
Payroll
Social security
Workmans comp
Utilities "heat, water, electric"
Property taxes
Insurance "medical and liability"
Building maintenance
Now pay corporate taxes which trump just lowered.

The $10 you have left is profit.
About 10%, any less and your business is failing.

Wal-Mart is apparently raising payroll with their corporate tax savings, good for them.



posted on Jan, 11 2018 @ 09:35 AM
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a reply to: Saiker

Walmart does their token give back to prove the government did the "right thing".

You seem to indicate that workers at Walmart and Amazon don't do crap to make the bottom line while a couple of people get very wealthy.



posted on Jan, 11 2018 @ 09:36 AM
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originally posted by: Terminal1
I love just how a couple years ago that the arguments were that Walmart employees did not deserve a raise. Same with fast food workers and the like. It would throw the whole wage scale into chaos the arguments were. If Walmart employees got a raise then the cost of everything would go up. If fast food workers got a raise then a Big Mac would go up to prices unheard of.

Where have these arguments gone?


The premise was that everything would increase if workers got a large pay bump and the job provider was still paying the same in taxes.

The arguments haven't gone anywhere, you just didn't pay attention.



posted on Jan, 11 2018 @ 09:38 AM
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a reply to: Grambler

I will caveat that there is a difference between government mandating that wages increase and companies doing it on their own, but no plan is ever perfect.



posted on Jan, 11 2018 @ 09:39 AM
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originally posted by: DBCowboy
a reply to: Grambler

I will caveat that there is a difference between government mandating that wages increase and companies doing it on their own, but no plan is ever perfect.



Well that is true.

But I would argue that in almost all areas, allowing non governmental entities to keep more of their money and chose how to spend it is a good thing.



posted on Jan, 11 2018 @ 09:41 AM
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a reply to: roadgravel

Entree level jobs are just that entree level jobs. It doesn't take rocket science to pass things over a laser and call a manager when something doesn't go right. These jobs are for kids trying to get through high school and college. Or income for a retiree needing extra cash cause their adult children are to slack to get a real job.



posted on Jan, 11 2018 @ 09:45 AM
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a reply to: Grambler

That was a bit of hyperbole on my part. I apologize.

But the arguments were similar. More akin to why people should invest in college for degrees when Walmart and McDonald's employees would approach similar income. That was the gist of the arguments not too long ago in this very galaxy. It does not matter where the raises came from. Raises at the bottom would cascade upward and throw the whole wage scales into total chaos. Everything would increase in price and it would become zero sum. I just wonder where those arguments are now.

I understand that tax breaks can spur on growth if the difference was spent reinvesting. I agree with DBCowboy in a sense. There is no guarantee that big international players will not simply pocket the savings through bonuses, dividends and stocks.

Of course like anything we have to let time elapse before we really see how things shake out.



posted on Jan, 11 2018 @ 09:50 AM
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a reply to: Terminal1

No need to apologize, it was funny.

Yeah we will see how things shake out.

I am for smaller government; I think tax cuts will help.

But as I said previously, this is small potatoes to me compared to the need to get rid of the FED and to stop deficit spending, two things trump has continued and done nothing to address.
edit on 11-1-2018 by Grambler because: (no reason given)



posted on Jan, 11 2018 @ 09:53 AM
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a reply to: interupt42

You had me at flat tax. The poor and rich would call for war if there is ever a flat tax. The rich realized taxes are some where in the area of 15% and we all know who much tax a poor person pays. Will the new tax plan change this? We will see.


Until we go to a flat taxed based system without deductions and 76K+ pages to describe it nor the requirement of needing to hire specialist to properly file ones taxes , the middle class will continue to get screwed. Heck under Obama not even the head of the IRS was able to file their taxes properly.




posted on Jan, 11 2018 @ 09:55 AM
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originally posted by: bigfatfurrytexan
a reply to: Grambler

"Including technology" sounds like "robotic cashier" as it echos through my tinfoil hat


That was going to happen irrespective of who ran the shop.



posted on Jan, 11 2018 @ 09:55 AM
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it's about time, the economy is booming and they've been known for their low pay. target raised their minimum rage last year.



posted on Jan, 11 2018 @ 09:56 AM
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a reply to: Grambler

I know, right?

Deficit spending is the devil but I don't think that is going to change ever no matter who The People vote into congress and the executive. It is only going to get worse. I am also all for smaller governments both at the state and federal levels, as long as the priorities are correct and efficiency is paramount.

I just don't see that happening.

At least at the local levels you can go raise issues and attend town halls and functions to express personal views on politics. State and federal? Not much of a chance there.




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