If walmart can afford to may its workers $50 an hour, why not?
How much money did walmart make in profit last year?
http://www.wikinvest.com/stock/Wal-Mart_(WMT)/Data/Gross_Profit/2012/Q1
For 2012 - $119.95 billion.
http://www.statisticbrain.com/wal-mart-company-statistics/
2 million employees.
So what is 119 billion divided by 2 million?
it's the liberal "make em all equally miserable" program. And it's only just begun. Next stop?? Energy. They will make energy miserably expensive which means some of you will be shivering like a chihuahua in the dark. Elections Have Consequences.
And you don't think it has anything to do with a new law that is specifically designed to limit most people to 29 hours per week?
OK, I'll play along, the conversion to a part-time economy has been underway for a decade. Did Obamacare exacerbate the problem? If not, how so?
Walmart and McDonalds never had unions. Millions of people being cut down from 40 to 29 is 100% caused by Obamacare. This will likely cost the democrats the next election.
Walmart and McDonalds never had unions. Millions of people being cut down from 40 to 29 is 100% caused by Obamacare. This will likely cost the democrats the next election.
You to learn the differences between Gross Profit, operating profit, and net income(net profit). Wal-mart's net income is 17 billion, which is more representative the true bottom line. If they converted all net income to extra income to the 2.1 million employees, it would be just over $8000/employee or roughly a $4/hr raise.
Again, did the ACA help or harm the situation?
Ultimately, the Republicans are to blame for standing in the way of single-payer socialized medicine. Also, it should be noted that Obamacare is the Republican plan for health care. It's the plan the Republicans introduced and supported long before it was called Obamacare or before anyone had ever heard of Obama.
Should the minimum hour requirement be set to 8 hours/week to prevent employers from circumventing the mandate?
well.. according to mizzZZzz Boxer.. the obama economy is screwing you's guys:January 7, 2014
Dear Friend:
Today, I spoke on the Senate floor about the need to extend emergency federal jobless benefits, which expired December 28. There are people out there that are at their wits' end holding their lives together, not knowing if they can pay the rent, not knowing if they can go to the grocery store, not knowing if they will be homeless, and not knowing what the future holds. The least we can do in this chamber is stand up and fight for them.
More than 1.3 million jobless Americans including 222,000 Californians are counting on Congress to do the right thing and continue this critical assistance to help struggling families get back on their feet. To watch my speech, please click here.
Sincerely,
Barbara Boxer
United States Senator
If my math is right, which it is usually wrong,
119 billion profit divided by 2 million employees = $50,000 for each employee above and beyond what they are currently making.
So walmart can afford to pay its employees almost 50K a year more than what they are being paid right now.
Lets just half that and say $25k more a year, which should leave walmart with a nice profit of 59.5 billion.
In other words, walmart could probably double its current wages with no real impact on the bottom line.
The only reason Walmart's prices are as low as they are is because most of what they sell in there, besides food, is cheap Chinese made shit. So you want higher wages and even higher prices for the cheap Chinese made shit? Want more outsourcing?
If Walmart were to go away, it would not affect me one iota. I don't shop there, with the exception of buying an occasional music cd or bargain bin dvd. I pay more to avoid feeling like I'm in a foreign country and try to support my local businesses where ever I can.
This is not the result of the ACA, it is the result of an Immoral Corporate culture that has been treating their Employees like shit since the demise of the Unions in the 80's.
And who back stabbed the unions when it came to free trade agreements and also betrayed them when it came to union busting illegal immigration?
This is not the result of the ACA, it is the result of an Immoral Corporate culture that has been treating their Employees like shit since the demise of the Unions in the 80's.
Walmart and McDonalds never had unions. Millions of people being cut down from 40 to 29 is 100% caused by Obamacare. This will likely cost the democrats the next election.
...and the ACA is helping them along.
What happened to the democrats and their facts/statistics sheesh. The effect so far is taking on less full time employees, thats just terrific for the economy good job! Less people have health insurance in 2014 than they did in 2013 etc.
Amen, I've not darkened the door of a Walmart in a decade, and don't plan on ever doing so in the future. If you want to fix this country, help support its industry, not China's.
if they did that, who would be left owning wmt stock? id dump my shares. that profit it why businesses exist? if they existed to break even and pay people more, why would people bother owning them or starting their own business?
Maybe you differ from me, but I want the best product period and won't buy something inferior just because it was nominally made in a particular place. Why the hell would I buy a shitty "American" car like a Chrysler that was actually built in Mexico just to appease some UAW asshole in Detroit when I can have a far better car like a Toyota Camry that was built in Ohio? Personally I don't give a shit if the car was built on Mars. Indeed, for the vast majority of products I'd daresay the value proposition of having it built in the U.S. rather than somewhere else is essentially zero - are you really going to argue that a T-shirt made in Birmingham, AL is better quality than one made in Bangaladesh? If not, you think I should pay a significantly higher price for what - just to ensure someone here in the U.S. doesn't need to update their skills beyond those sufficient for a job that can literally be done by a 3rd world worker with a 2nd grade education?
Here's a true way to fix the country and its industry - demand they make better quality products and leave making super-low quality 99cent store shit to the Chinese.
How much can the company afford to pay?
If walamrt can afford to pay its workers $50 an hour, that sounds great to me.
Wages are not about what the company can afford to pay.
Wages are about the value a prospective employee will bring to the company and what that employee is willing to do it for.
No one is forcing people to work for Walmart.