Walmart Giving All Employees a Raise to $10/Hour
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  Walmart Giving All Employees a Raise to $10/Hour
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Author Topic: Walmart Giving All Employees a Raise to $10/Hour  (Read 8368 times)
Small Business Owner of Any Repute
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« on: February 19, 2015, 12:13:53 PM »

Walmart, a long-standing target of minimum wage advocates, has agreed to raise its minimum pay level for all employees to $9/hour this April and to $10/hour by February 2016.

http://money.cnn.com/2015/02/19/news/companies/walmart-wages/index.html
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LeBron
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« Reply #1 on: February 19, 2015, 12:41:38 PM »

They're still completely awful. Leaving aside that the living wage should be much higher than that, Walmart by doing this plans to fire even more workers (despite being understaffed), and they're cutting their workers hours to about 15-20 per week. So those that will remain employed at this hellhole beyond 2016 will still make a yearly income at around or below the federal poverty line. Oh and no benefits either.

Quite frankly, they're doing this to try and avoid giving health insurance to as many of their workers as possible. They don't care about their workers. This is nothing new.
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True Federalist (진정한 연방 주의자)
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« Reply #2 on: February 19, 2015, 01:25:16 PM »

Walmart is not and never will be a highly staffed business.  Their calling card is low prices, not great service, so they aren't going to have staffing levels high enough that you can find an empty register as soon as you arrive at checkout.  There is no reason to doubt their reasons for doing this are exactly what they say they are: to reduce employee turnover.

By the way, $10/hour for a full time job is a livable wage in some parts of the country.  A rather spartan living, but still living.
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King
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« Reply #3 on: February 19, 2015, 01:28:19 PM »

They're still completely awful. Leaving aside that the living wage should be much higher than that, Walmart by doing this plans to fire even more workers (despite being understaffed), and they're cutting their workers hours to about 15-20 per week. So those that will remain employed at this hellhole beyond 2016 will still make a yearly income at around or below the federal poverty line. Oh and no benefits either.

That will only happen if MBA falsehoods about the minimum wage are true. It's quite likely Wal-Mart will see a huge growth in revenue similar to Costco and will not follow through with plans to terminate employees.
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King
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« Reply #4 on: February 19, 2015, 01:36:35 PM »
« Edited: February 19, 2015, 01:41:13 PM by Monarch »

A missing part of this too is that Wal Mart is the tone setter in the industry as the #1 competitor across price points. If Wal-Mart is paying $9-10/hr and its well known among the community, Target, Kroger and Albertson's will have to follow suit to justify their slightly higher price point.

Wal-Mart basically just usurped the Congress and raised the federal minimum wage.
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The Free North
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« Reply #5 on: February 19, 2015, 02:12:30 PM »

We don't really have WalMarts where i live nor have I ever been to one so I can't comment on this.
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True Federalist (진정한 연방 주의자)
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« Reply #6 on: February 19, 2015, 04:34:35 PM »

We don't really have WalMarts where i live nor have I ever been to one so I can't comment on this.

That's odd, I thought you lived in Connecticut.  There may not be one within walking or biking distance, but Google shows Walmart has a fair number of stores in Connecticut, tho possibly not in a convenient location for grocery shopping.
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IceSpear
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« Reply #7 on: February 19, 2015, 05:42:27 PM »

This is actually kind of unbelievable. What's the catch?
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Indy Texas
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« Reply #8 on: February 19, 2015, 06:28:59 PM »

I wouldn't be surprised if some right-wingers call them out on this because they're so hopped up on supply side Kool-Aid that they view anything involving poor people getting more money as evil in and of itself.

Kind of like when VW, a publicly traded, profit-driven corporation acting independently of any government body, offered its US employees the opportunity to unionize and all the dittoheads online started railing about how they weren't going to buy cars from a "socialist corporation."
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Murica!
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« Reply #9 on: February 19, 2015, 06:40:16 PM »

This is actually kind of unbelievable. What's the catch?
All of your children.
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IceSpear
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« Reply #10 on: February 19, 2015, 06:46:12 PM »

This is actually kind of unbelievable. What's the catch?
All of your children.

Well thankfully I don't want kids. Tongue
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King
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« Reply #11 on: February 19, 2015, 08:05:30 PM »

The reason their doing this appears is that they're losing market share to Amazon and other online retailers and now all that is left is bad customer service from depressed employees. 
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Panda Express
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« Reply #12 on: February 19, 2015, 08:06:15 PM »

This is actually kind of unbelievable. What's the catch?

You have to work at Wal-Mart
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Maxwell
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« Reply #13 on: February 19, 2015, 08:15:48 PM »

I wouldn't be surprised if some right-wingers call them out on this because they're so hopped up on supply side Kool-Aid that they view anything involving poor people getting more money as evil in and of itself.

Kind of like when VW, a publicly traded, profit-driven corporation acting independently of any government body, offered its US employees the opportunity to unionize and all the dittoheads online started railing about how they weren't going to buy cars from a "socialist corporation."

I mean right-wingers who solely follow Fox News may think so, but companies raising wages on their own is a good thing. Walmart should've done this years ago. The fact is, low wages are a bad thing, especially if their below how productive workers are, because then, likely, worker productivity goes down, and that's bad for Walmart and consumers will likely go elsewhere.

The fact they've waited so long to do this shows Walmart leadership has been ignoring long term effects of these low wages.
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Oswald Acted Alone, You Kook
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« Reply #14 on: February 19, 2015, 08:17:35 PM »

Of course they'd do this, anything to hurt small business.
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« Reply #15 on: February 20, 2015, 06:20:19 AM »

This is actually kind of unbelievable. What's the catch?

I keep trying to figure this out.
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Starbucks Union Thug HokeyPuck
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« Reply #16 on: February 20, 2015, 06:54:00 AM »

This is actually kind of unbelievable. What's the catch?

I keep trying to figure this out.

Either they will cut hours for their current employees or they expect those employees to just turn around and spend that money at Wal-Mart like they've been doing for years.  Either way they get positive press coverage. 

I mean, if my first theory is correct, at least those employees will be spending less time at that dump.
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True Federalist (진정한 연방 주의자)
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« Reply #17 on: February 20, 2015, 07:31:45 AM »

Why is it that people feel that the practical cold-hearted reason Walmart gave in their press release isn't cold-hearted enough to be the real reason?  If Walmart is having problems with employee churn, then raising wages to reduce that churn will end up saving them money in the long term.
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Small Business Owner of Any Repute
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« Reply #18 on: February 20, 2015, 06:43:21 PM »

Why is it that people feel that the practical cold-hearted reason Walmart gave in their press release isn't cold-hearted enough to be the real reason?  If Walmart is having problems with employee churn, then raising wages to reduce that churn will end up saving them money in the long term.

Of course. Everyone here is saying Walmart will cut employee hours and fire people to compensate, but it really can't. The company is struggling to perform basic business functions (like keeping store shelves stocked) as it is. Unemployment is now down to 5.6%, and Walmart needs to better compete for reliable workers. It's clear the status quo isn't working for them at all.
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Oswald Acted Alone, You Kook
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« Reply #19 on: February 20, 2015, 07:12:08 PM »

Why is it that people feel that the practical cold-hearted reason Walmart gave in their press release isn't cold-hearted enough to be the real reason?  If Walmart is having problems with employee churn, then raising wages to reduce that churn will end up saving them money in the long term.
And of course, raging wages hurts small businesses, which Walmart loves to do.
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DC Al Fine
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« Reply #20 on: February 21, 2015, 07:26:06 AM »

Why is it that people feel that the practical cold-hearted reason Walmart gave in their press release isn't cold-hearted enough to be the real reason?  If Walmart is having problems with employee churn, then raising wages to reduce that churn will end up saving them money in the long term.

It's not cartnoonishly evil enough?
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AggregateDemand
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« Reply #21 on: February 21, 2015, 08:33:35 AM »
« Edited: March 01, 2015, 05:30:12 PM by True Federalist »

That will only happen if MBA falsehoods about the minimum wage are true. It's quite likely Wal-Mart will see a huge growth in revenue similar to Costco and will not follow through with plans to terminate employees.

You are so far out of your league, it's scary.

The extenuating circumstances necessary to negate the effects of a binding price floor are rare. Why subject people to this kind of needless risk?

If you want higher wages, focus on the extenuating circumstances necessary to raise wages. In this case, Walmart may be dealing with worker turnover, trouble recruiting, etc. You can't punish companies for hiring people, and then accuse them of creating a nefarious pseudo-economic theory to explain their reluctance to hire or pay.
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Small Business Owner of Any Repute
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« Reply #22 on: February 26, 2015, 11:30:57 AM »

Update: TJ Maxx, Marshalls, Home Goods follow by increasing their minimum to $9/hour beginning in June; to $10 by 2016.

http://consumerist.com/2015/02/25/t-j-maxx-marshalls-homegoods-to-increase-minimum-wage-to-9hour/
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Starbucks Union Thug HokeyPuck
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« Reply #23 on: February 26, 2015, 11:45:54 AM »

Ugh.  Not enough.  The min. wage should be $15 at the least but all we are going to hear is "praise Money-Jesus the invisible hand has saved us all again!"
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King
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« Reply #24 on: February 26, 2015, 12:07:10 PM »
« Edited: February 26, 2015, 12:10:18 PM by Monarch »

Ugh.  Not enough.  The min. wage should be $15 at the least but all we are going to hear is "praise Money-Jesus the invisible hand has saved us all again!"

Hey man, glass is half full here. For your purposes, the left can use this as proof the economy and businesses are willing to expand it and demand 15.

But be happy to see this happen.

The real hurdle is food service workers. I can't see any fast food company willing to make a move like Wal-Mart to shake up the industry. The only ones that would like Chipotle and Starbucks don't really hire bottom of the barrel food employees to begin with; it would have to come from McDonalds or Dunkin Donuts or the like.
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