It seems like local HDS are now hiring too many pts to replace fts who are leaving !!! If this is going on nationwide this is a move from the Narpiggy playbook and the recovery of this company which Blake engineered will stall !!!
right now Obummer may be to blame but Narpiggy was to Blame when HD stock price was at $20 !!!! Do not forget your history those who forget are doomed to repeat !!! A $20 target a few yrs out may happen if HD once again understaffs there stores !!!
If Home Depot moves back to a higher than Normal Pt /FT ratio this would be a move in the wrong direction and will ultimately hurt there business again !!! Hopefully Blake doesnt allow this to happen ?????
reality still trumps all plans ... fact is , it is getting tougher and tougher for the HD's and Walmarts to
stick to their employee scheme .... there is not that huge labor pool of desperate people out there as
there was a few years ago ... i know of one HD location that hired 65 temps and only 13 came in
to punch a time clock ... couple that with increasing retirement rate and their labor pool are shrinking ....
eventually , across the board , all sectors are going to have to increase wages and hire more
people should not be so razor focused on the FED's accomodation and such , because at this
juncture , inflation looks to be very much at bay and still could turn deflationary ... what will most
likely happen , is that as the economy weans itself from the FED's easy money , and there seems
to be nothing to ignite inflation , wages will rise , then prices and we'll have a real and actual
inflation problem ...