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Thread: Walmart uses tax cuts to raise minimum wage

  1. #141
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    Quote Originally Posted by Neomalthusian View Post
    The economy doesn't demand it. It's no-skill, minimal-effort-required labor, and we have a glut of it. The economy does not "demand" they get paid anything.
    The economy demands that adults earn x-amount in order to survive. There is a cost of living. Jobs that require a full-grown person to do the job should pay that much. If they don't they should be out-competed for workers by jobs that do, at a minimum.

    Low wage jobs are not "fucking" anyone over. People accept those jobs because their alternative is already considerably worse. That's the real problem. Not your bitching and moaning about wage rates.
    I didn't say low wage jobs are fucking anyone over. The company that sends its profits overseas re-labeled as expenses paid to one of its own subsidiaries to avoid paying taxes is fucking everyone over. It costs money to maintain a society like this, a stable, vibrant, profitable society where corporations can make a lot of money. Paying the taxes that such a society demand is necessary, or the corporations will kill the golden goose. Monopolies and cartels are killing the golden goose. They are not paying their way. They are purchasing political influence and using tax lawyers to game the system so they can get out of doing their civic duty, paying their taxes, supporting the economy upon which they depend.

    Yet you remain fixated on rabidly attacking corporations for paying less than you personally feel like they should have to pay. Talk about near-sighted.
    Yet you remain fixated on rabidly telling me I'm saying the opposite of what I'm saying. If you want to masturbate, have at it.

    That's not a problem of our multinationals being allowed to do things. Companies are not our captive little bitches. If you're angry about how people are treated in these other countries that have quintillions of poor people who would be elated to work for virtually any wage, then that is another, much broader discussion about global economic and social development that shouldn't involve you needing to continue incessantly bitching about how evil American corporations are.
    Really? It's a broader issue? Thanks for telling me what I have been trying to say. Yes, I think it might be a mistake to put American workers onto a level playing field with desperately poor workers in backwater countries overflowing with ignorant poor people willing to work for a bowl of rice. This is part of the race to the bottom.

    Government price-fixing for labor is not the answer either...
    Which is exactly what I said, but you're pretending otherwise because you, what, like to read your own words?

  2. #142
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    Quote Originally Posted by Idiocracat View Post
    Amazon will phase them out in the near future.
    Almost certainly true. Why have 2 employers in the nation when we can have just 1? Everyone can see that's more efficient...

  3. #143
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    Quote Originally Posted by Neomalthusian View Post
    No company's goal is to succeed by having its employees buy what it sells. I've tried to educate liberals about how bad of an example Henry Ford is for their arguments on labor, but they can't grasp it. They don't get it.
    Henry Ford explicitly paid his employees a better wage than they could get elsewhere because he knew that an economically powerful middle class is the rising tide that lifts all boats.

    Come on, free market fundies. It's your slogan. "A RISING TIDE LIFTS ALL BOATS!" You know it. It fits on a bumper sticker. Even somebody stupid enough to listen to Rush Limbaugh can remember it and regurgitate it. Turns out it's true. It's just that the propaganda has been telling the Rush bots that the rising tide refers to a narrowly concentrated group of people making shitloads of money, when in fact the rising tide is the middle class.

    One day, after these free market fundies blow everything up AGAIN and the world is picking up the pieces of their relentless grab for more, we'll again have to assemble some sort of New Deal, again have to painfully learn that the economy has to be maintained, refereed, that it is there to facilitate real exchanges, not to ring the dopamine cash registers in our brains for doing as little as possible until the house of debt and bullshit comes tumbling down on top of us.

    Again.

    Fucking stupidest shit ever. Every one of these Glided Age right-wing types is literally making exactly the same arguments that led directly to 1907 and then, after a brief pause to suck all the wealth out of Germany, to 1929 and beyond. And to the relentless boom and bust cycles before that.

    People really suffer living like that. America barely made it out of the Great Depression as a republic it was so dire. These boom and busts can literally destroy societies and countries. This is what the myopic right wing is selling.
    Thanks from OldGaffer

  4. #144
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    Quote Originally Posted by Southern Dad View Post
    If you are seriously looking for a part-time job that will only have you away from home for short times, consider getting a paper route or two. No, these aren't delivered by kids walking to porches any more. They are delivered by adults in a car. They usually take no more than two to three hours for delivery. If you have to be out, you can always get a sub to cover. Yes, they are usually contractor positions rather than employee but they do give that freedom.
    Actually not a bad idea. Friend of mine did it for extra cash and brought home $200 a week plus tips. As long as you dont mind getting up super early in all types of weather and have reliable transportation.
    Thanks from Southern Dad

  5. #145
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    Quote Originally Posted by splansing View Post
    Henry Ford explicitly paid his employees a better wage than they could get elsewhere because he knew that an economically powerful middle class is the rising tide that lifts all boats.
    That is not correct.

  6. #146
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    Quote Originally Posted by DebateDrone View Post
    That pay increase is leveraged against the 10 Trillion Trump added to the US debt.
    link?

    I think you misspelled Obama.

  7. #147
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    Other worker benefit increases announced by WalMart that are the DIRECT RESULT OF THE TRUMP TAX BILL:

    But, broadly, associates in the U.S. will share in tax savings through:

    A one-time bonus benefiting all eligible full and part-time hourly associates in the U.S. The amount of the bonus will be based on length of service, with associates with at least 20 years qualifying for $1,000. A discrete one-time charge will be taken in the fourth quarter of the current year to account for the bonus; qualification will be determined before the end of the month and payments will be paid as quickly as practical thereafter.

    An increase in Walmart’s starting wage rate to $11 an hour, effective in the Feb. 17, 2018, pay cycle. The change is in addition to wage increases already planned for many U.S. markets in the coming fiscal year. The increase applies to all hourly associates in the U.S., including stores, Sam’s Clubs, eCommerce, logistics and Home Office.

    An expanded parental and maternity leave policy, providing full-time hourly associates in the U.S. with 10 weeks of paid maternity leave and six weeks of paid parental leave. Salaried associates will also receive six weeks of paid parental leave.

    Walmart will provide financial assistance to associates adopting a child. The adoption benefit, available to both full-time hourly and salaried associates, will total $5,000 per child and may be used for expenses such as adoption agency fees, translation fees and legal or court costs.
    https://news.walmart.com/2018/01/11/...parental-leave

  8. #148
    Master political analyst Dittohead not!'s Avatar
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    Quote Originally Posted by Southern Dad View Post
    Are you nuts? There are printed newspapers in nearly every county of this country. Can you name a major city without at least one? I gave a serious option of a way to make money if you can’t work a traditional job.


    Sent from my iPad Pro using Tapatalk
    Oh, they still exist for some reason, but where the paperboy would peddle through town delivering to maybe 90% of the houses he passed, now more like 10% of the houses get a paper delivered. Delivering papers now takes a lot more time and a lot more distance to get the same job done.

  9. #149
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    Republicans are basking in a wave of good publicity for their giant tax cut.Walmart, the nation's largest private employer, just bumped up its minimum wage. Cash bonuses are flowing to employees from major employers including AT&T, Comcast and big banks due to the big corporate tax cut. Automakers and giant engineering companies are promising big new U.S. investments. The result is a giddy sense of hope for President Donald Trump and congressional Republicans who pushed through their unpopular tax-cut plan over total opposition from every Democrat in Congress.

    But economists have a warning: Enjoy it while it lasts. While the wage hikes and bonuses are undoubtedly positive, they may produce only a temporary economic boost that fades in later months. Gains could be undercut by rising deficits caused by slashing federal revenue by at least $1.5 trillion over 10 years. “It will come at a cost,” New York Fed President William Dudley said Thursday in remarks to bankers in lower Manhattan. “There is no such thing as a free lunch.” A number of crosscurrents could slow any boost from lower tax rates. The Federal Reserve is already hiking interest rates and could be forced to move faster if the bill creates a spike in inflation. Oil prices are rising again, sending gas prices above $3 a gallon in some areas of the U.S. and potentially offsetting the benefit of bigger paychecks.

    “The bottom line is when it all nets out down the road, productivity won’t be higher," said Mark Zandi, chief economist at Moody's Analytics. At the heart of it all is a giant existential question: With unemployment at just 4.1 percent, pressure was already rising on Walmart and other big employers to boost pay to attract and retain workers. Some of the wage hikes might have happened anyway without a big tax cut, though it’s hard to say for sure. “It’s unfortunate that some supporters have latched on to these increases, especially these one-time bonuses,” said Alan Viard, a tax scholar for the right-leaning American Enterprise Institute. “It undermines our understanding of what we should expect to see.”

    https://www.politico.com/story/2018/...pe-hype-336975

  10. #150
    Master political analyst Dittohead not!'s Avatar
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    Quote Originally Posted by Neomalthusian View Post
    Overall, it is easier, but we assess how easy or hard life is based on our feelings and thoughts as influenced by the economic environment, and the environment is extremely different now. And the 1960s in the U.S. will go down in history as one of the most anomalous economically expansionary times in human history, so in the grand scheme of things that is a kind of uncommon context from which to assess how we think jobs "should" be.

    On the longer timeline, the amount of grueling, torturous labor has decreased tremendously, worldwide, relative to say 300 years ago. Think about what things like mining and agriculture used to require of people back then. Technically, life is extremely easier than it used to be, but we assess our lives differently now. Most family farmers 300 years ago were abjectly third-world dirt poor by today's standards, and you worked your ass off, 100 hours per week for no wages from anyone, to be that dirt poor. Do you think those farmers thought to themselves the way modern liberals do, "I worked 100 hours this week, I deserve more material comforts and to not have to labor this much!" You'd be horse-whipped for acting entitled like that back then. Ironically though, it was in a strange way probably a fairly fulfilling, natural-feeling and peaceful existence, at times. Fast forward to the mid 1900s, a lot of factory jobs required nothing natural, peaceful or human whatsoever, just a repetitive, robotic task. You were no longer a farmer and shepherd, or a slave, rather you were now an utterly mindless cog. Of course, living standards increased dramatically during the mid-1900s and wages for even the simplest, dumbest, mind-numbingly repetitive tasks were unusually high, but that kind of job and wage cannot last long-term, and nor for that matter is it inherently a "good job" to have to do something that robotic forever, wages aside.
    Go back 50 or 60 years, which is easy for me as I remember that far back, and a man could go get a job that would pay for a mortgage on a modest home, put food on the table, and keep a car going with enough left over for a few pleasures. Now, that's still true not only of a man, but of a woman as well if he/she has gone to school and gained appropriate job skills. If not, then the family must depend on government largesse (what you're calling "entitlements" despite the fact that they're not entitled to them) in order to live. Today's economy is quite different from what it used to be. Many things actually cost less, when adjusted for inflation, than they did in the 1950's, but two items have totally outstripped the average low wage earners' ability to pay: housing, and medical care.

    Not everyone has a chance to or takes advantage of the chance to get marketable job skills. Those who do, often find themselves deeply in debt, and sometimes with job skills that aren't so marketable.

    Entering the middle class is more difficult than it used to be.
    Thanks from HCProf and Sassy

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