for and have it good working for one of the best companies ever. It is a shame that a hand full of lazy, disgruntled and slobs can make so many waves that the media grabs on to their "issues." Wal-Mart provides economic relief to the masses, jobs for those who would most likely not ever get hired and a tremendous opportunity for the small business. How anybody could see Wal-Mart as anything other than magnificent is beyond me. Think of how many people now can eat and pay their rent because Wal-Mart lowered prices using competition.
Yes, employees must pay for medical insurance, but at least they provide you the opportunity. It might cost you to cover all of your dependents but hey, you had the 7 kids. Why shouldn't you have to pay? I'm tired of the lazy, good for nothing slobs that drag this company down. I hope you all get fired!
what will happen in the future when overseas is not as cheap as it is now to produce the good americans crave. the companies will want the same profit margin so prices will go up as costs go up. you basically say this yourself. now if in this country what has been the better paying jobs like manufacturing is moved to cheaper markets do we lower wages to get it back and say the standard of living drops. look at things today compared to say when our parents where starting out. back then there was far more stay at home moms then now. now both parents work and is that really better for the family? prices may drop as our standard of living drops but not enough where a stand alone $11 a hour job is considered a good paying job. don't low wages is one of the factors in making both parents work?
lets see if everyine got paid the same amount per hour and the price of their goods where set at a certain amount then there was a certain profit margin. how long would those jobs last? it is all about making the biggest profit possiable.. companies don't care about their employees anymore. is a ceo job really worth the same as 100's of empoyes that actually make things go and customers get served. i think not. to me a liveable wage is where one does not live in want of the necessiatiys. of course if the wage is to low they may be able to afford that them the little rewards in life we all like and want (at walmart also) are not part of what we can afford.
I would think it isn't hard to understand the sellers if large enough can set a price it will pay for a product to the producers of said product. no the producers also have profit they want so they look for a way to get whatever profit marging they are shooting for. so they get the cheapest labor be it overseas. so the employees makes less and can spend less. why do you think their is so much consumer debt? it is because of all the nice toys (mainly built over seas cheap and sold not so cheap) people feel they need and don't have the wages for and so they find another means like credit. where will this cycle of walmart is really a big part but not the only culpret end?
Don't worry about Wmt's personnel policies, I'm sure they know what they want to do with it.
Better be careful, Safeway may raise the wage to $50 hr then you and your friends would be out of a job; fired and replaced by better people.
>>>"The insinuation is that if Walmart [Sams] simply pays its employees more money then magically revenues will go up dramatically."<<<
What I said was, "Costco believes if you pay your workers more you will get better employees who are also more productive and stay with the company longer. This benefits both the company and the employee."
What's happening with Wal*Mart is they hire the less productive employees who are encouraged to remain lazy while living off the taxpayers. That's the Wal*Mart model. Good workers don't apply at Wal*Mart.
The insinuation is that if Walmart [Sams] simply pays its employees more money then magically revenues will go up dramatically.
But isn't it more fair to say that higher revenues come from catering to more small business customers and higher income customers? Because if that's the case, then the average ticket price will obviously be higher at that store vs. one who caters less to small business and who's customer base earns less money overall. That's just common sense.
Doree is commenting on the correlation between pay and revenues but is there causation? Her assertion is that there is indeed causation as well.
It's my position that other variables play a more significant role when it comes to increasing revenues.
If Wmt prices were as high as Safeway then I might agree with your "bottom line" argument. However, Wmt passes lower costs on to the consumer as lower prices.
The people who are really creating the squeeze are the doctors, lawyers, insurance companies, colleges (tuition), banks (credit cards).
How much do you think a bank clerk makes ? How much does an insurance paper processor make ? A doctor's office receptionist or med assistant ? A legal assistant ?
What is your doctor bill, your lawyer fee, your credit card interest compared to interest on your deposits, your insurance premium and coverage, your college tuition.
Are Wmt profit margins any better than Safeway or Target or Costco ?
Why do many dentists only have to work 4 days per week and still live a life of relative opulence?