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Thread: Walmart uses tax cuts to raise minimum wage

  1. #171
    A Character Tennyson's Avatar
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    Quote Originally Posted by RNG View Post
    Sure, but then don't kiss political butt by pretending this tax giveaway to the rich is making it better for the workers.

    I don't think those 3500 managers and all those Sam's Club employees are feeling all that much better.

    But congrats, you are the first to try and spin these facts away.
    Are you confusing Walmart with pundits?

  2. #172
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    Quote Originally Posted by Dittohead not! View Post
    "Adapt" means better go online as brick and mortar is the way of the past.
    A combination of the two.

  3. #173
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    Quote Originally Posted by Dittohead not! View Post
    I'm sure he's grateful for the suggestion.

    Back to the subject, which wasn't originally getting a paper route to supplement a job with lousy wages. Good on WalMart for giving their employees a small raise. They are spending 0.06% of their revenue on said raise. I think they can afford it, don't you?
    Do you understand the difference between revenue and income?

  4. #174
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    Quote Originally Posted by RNG View Post
    I didn't read back a long way to see if this had already been posted, but don't pat WalMart on the back all that hard. The black hearted bastards just cut 3500 manager jobs and is replacing some with assistant manager positions, which of course pay less. The laid off managers were told they could apply for the assistant manager posts because WalMart is such a caring company and stuff.

    Walmart firing managers report - Business Insider

    The Trumpanzees are mute all of a sudden.
    I don't know about the Trumpanzees, but the Obama apologists are really hurting now. Eight years of making excuses, then the most ridiculous candidate ever comes along and shows that all you have to do is stay out of the way of prosperity. All the man crush and swooning about how cool and intelligent Obama was making all kinds of excuses and now it is clear that Obama's horrible decisions and dogmatic agenda tamped down the world's recovery.

  5. #175
    Veteran Member Moorhuhn Wanted Champion Hollywood's Avatar
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    Quote Originally Posted by Libertine View Post
    I don't know about the Trumpanzees, but the Obama apologists are really hurting now. Eight years of making excuses, then the most ridiculous candidate ever comes along and shows that all you have to do is stay out of the way of prosperity. All the man crush and swooning about how cool and intelligent Obama was making all kinds of excuses and now it is clear that Obama's horrible decisions and dogmatic agenda tamped down the world's recovery.
    Just how gullible are you people anyway? Wal-Mart closes stores, degrades positions from Co-Managers to Assistant Mgr., which means doing the same job for less pay, then takes part of the money they just saved and gives some people raises and THEN kisses Trump's ass by claiming this is all due to his GREAT tax plan, which has not even taken effect yet.

    You people DO know that the POTUS is supposed to represent the best interests of ALL of the American people and NOT just the wealthy and corporations, right???
    Thanks from Dangermouse

  6. #176
    Master political analyst Dittohead not!'s Avatar
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    Quote Originally Posted by Libertine View Post
    Do you understand the difference between revenue and income?
    Well, let' see...

    rev·e·nue
    ˈrevəˌn(y)o͞o/Submit
    noun
    income, especially when of a company or organization and of a substantial nature.
    in·come
    ˈinˌkəm/Submit
    noun
    money received, especially on a regular basis, for work or through investments.

  7. #177
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    Quote Originally Posted by Dittohead not! View Post
    Well, let' see...
    Okay, so how did Wal-mart's net income compare to its total revenue?

  8. #178
    Master political analyst Dittohead not!'s Avatar
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    Quote Originally Posted by Libertine View Post
    Okay, so how did Wal-mart's net income compare to its total revenue?
    Oh, yuou want to talk profit vs. revenue! Why didn't you say so?

    Gross Profit in thousands $124,617,000

    So, let's recalculate: That raise was reported to cost 300 million dollars, so 124,617,000,000 into 300 million is 0.2%.


    So, spending 1% of profits, not revenues or income, would only have given the employees five times as much as they actually got.

    They are more generous than my original calculations would suggest. Thanks for pointing that out.

  9. #179
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    Thanks to the Tax Cuts And Jobs Act, Walmart—America’s largest employer—is raising wages,” tweeted House Speaker Paul Ryan on January 11. Walmart CEO Doug McMillon was only too happy to embrace the narrative. “[T]he President and Congress have approved a lower business tax rate,” he told employees. “So, we’re pleased to tell you that we’re raising our starting wage to $11 an hour.”

    As economists, we are admittedly prone to being cynical. But when a CEO whose compensation depends on happy shareholders says he’s giving more of their profits to employees just because those profits are about to get bigger, we go beyond cynicism. We go for the data.


    As shown in the graphic above, this is the third wage hike that Walmart has announced in the past two years. Each one was preceded by a period of accelerating private retail wage growth—which is precisely what a cynical economist would expect. Firms raise wages when they need to attract and retain workers.

    But that makes for crummy PR. Much better to share credit for rising wages with lawmakers who cut your taxes. Gives them motivation to keep the goodies coming.

    https://www.cfr.org/blog/did-tax-ref...&utm_source=tw
    Thanks from Friday13 and Dittohead not!

  10. #180
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    HayJenn shits on a 22% wage increase for WalMart employees.

    Disgusting.
    Thanks from Southern Dad

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