Wal-Mart Cares

[KelJu]

so anyone with an accent has only takes low paying jobs? don't you think that's kind of a racist comment?

I think it is a fair observation. Having a Latin American accent in the US usually means you are poor and work a job that doesn't pay much. I don't recall ever hearing a German, Swedish, English, ect type accent from a person checking out my groceries.

Also, a woman wearing a garb is probably poor, uneducated, and stupid.

 

[LAM]

Like it or not, this is a capitalist country.... or was. It was also full of opportunity for those who reached for it. Its survival of the fittest, that is all. Not everyone can be a first baseman for the Yankees, so some people are billionaires and some are broke.

But since it is becoming a nanny state, maybe we should just all send our money to the Feds, because they know what is best for us. After all, Communism works...right? Besides, if you look at history, almost all countries fail when the government is corrupted by money and the citizens finally wake up. Also, it happens when the currency becomes so deflated that the citizens cannot pay for anything or over reach the borders and become "occupiers"... i.e. Rome.

Your speaking of the old US economy the pre-1960's economy. The structural changes made to the US economy in the 70's and 80's have permanently changed economic mobility in the US and that's why it has stagnated. The roots are in financialization which in reality (along with the deregulation of labor) amounts to not much more then state sponsored forgery and social engineering to essential create a permanent class structure.

 

[MI1972]

Your speaking of the old US economy the pre-1960's economy. The structural changes made to the US economy in the 70's and 80's have permanently changed economic mobility in the US and that's why it has stagnated. The roots are in financialization which in reality (along with the deregulation of labor) amounts to not much more then state sponsored forgery and social engineering to essential create a permanent class structure.

Agree 100 percent. Thats why I think there will be a revolution in the next 50 to 100 years.


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[Zaphod]

Agree 100 percent. Thats why I think there will be a revolution in the next 50 to 100 years.


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Less time than that. I'm thinking low single digits.

 

[Swiper]

Wal-Mart is eliminating health benefits for about 30,000 employees to control its rising health care costs.

http://money.cnn.com/2014/10/07/news/economy/walmart-health-benefits/index.html?hpt=hp_t2

thanks to obamacare.

 

[heckler7]

Wal-Mart is eliminating health benefits for about 30,000 employees to control its rising health care costs.

http://money.cnn.com/2014/10/07/news/economy/walmart-health-benefits/index.html?hpt=hp_t2

thanks to obamacare.

thats BS, they already have most their staff on part time basis to avoid paying benifits. I dont know why people work there, the must have zero options

 

[Swiper]

thats BS, they already have most their staff on part time basis to avoid paying benifits. I dont know why people work there, the must have zero options

yeah that's the best job they can get with the skills they have. luckily Walmart can employee them or else they'd be unemployed. Walmart should be praised for hiring non skilled workers.

 

[heckler7]

yeah that's the best job they can get with the skills they have. luckily Walmart can employee them or else they'd be unemployed. Walmart should be praised for hiring non skilled workers.

to be honest pretty much every job that falls under $20 an hour is unskilled

 

[Big Puppy]

Oh bullshit. There are plenty of skilled jobs less than $20.

 

[Big Puppy]

Doesn't matter what sector you're looking at. HVAC, automotive, any manual labor skilled job.

 

[LAM]

Wal-Mart is eliminating health benefits for about 30,000 employees to control its rising health care costs.

http://money.cnn.com/2014/10/07/news/economy/walmart-health-benefits/index.html?hpt=hp_t2

thanks to obamacare.

And thanks to Nixon for taking the USD completely fiat to inflate away Vietnam debts the U.S economy is totally screwed. You really don't want to go gown the road of playing the blame game because there is a whole lot more legislation proposed and passed with people with an (R) after there name then a (D).

Because I can post every piece of financial deregulation since the 60's because you sure know you haven't looked at a single one of them but I've looked at them all.

 

[Bowden]

Wal-Mart is eliminating health benefits for about 30,000 employees to control its rising health care costs.

http://money.cnn.com/2014/10/07/news/economy/walmart-health-benefits/index.html?hpt=hp_t2

thanks to obamacare.

Obamacare has nothing to do with this.

It's all about where a company decides to allocate it's free cash flow.
Wal-Mart is probably doing this so that they can maintain their free cash percentage that is allocated to buying back their stock.
Something that the Walton family and their investors benefit from.

In Wal-Marts case, they made a decision in 2013 to allociate 15 billion dollars of free cash to buying back stock.

Reports are that Wal-Mart is having trouble meeting their estimates.
So they decided to reduce health care benefit costs and divert the cash to maintain the 15 Billion dollar stock buyback program.

 

[Bowden]

Stock buybacks are a common way that retail companies having sales target misses, revenue projection negative variances and issues meeting EPS estimates ect. prop up the stock price.
They divert cash from their largest expense, employees, by modifying regular full time /part time no benefit employee ratios, reducing employee benefits and then allocate the cash to maintaining stock buy-backs.

Ever read a Wal-Mart SEC filing?
That will indicate as to where Wal-Mart is allocating its cash.

 

[Bowden]

to be honest pretty much every job that falls under $20 an hour is unskilled

So what you are saying is that these jobs under $20 an hour are ones that anyone that can walk off of the street and do without any education, experience in and no training what so ever that develops skills specific to that job?

No skills jobs require no education, training or experience?
I disagree with anyone that argues that point based on what happens in the real world.
Jobs that require skills, require education, training and experience for an employee to be productive.

Take as an example a grocery store worker making a bit above minimum wage.
Is that a non skilled or a skilled job?
Grocery store workers working in food prep, meat and produce departments utilize skills in the performance of their jobs that could be compared to the skill sets of workers on an assembly line.

Grocery store workers are required to know as part of their jobs health department regulations related to food safety, have to take training and pass tests on food safety and to perform their jobs in a way that complies with those regulations or risk the grocery store getting a food safety violation during a health inspection.
That violation would reduce the inspection/sanitation rating that is posted where the customers can see it.

Are grocery workers making under $20 an hour skilled or not?

 

[Bowden]

Another point.

The level of someones education and how much they make an hour has nothing to do with factors like customer service and customer satisfaction that are crucial to Business Customer Management Relationship.

A good example of this is a retail service employee that interacts daily with the public during their job.
Good customer service is a skill and it is critical related to any employee that falls within customer service areas.

A computer programmer associate with a college degree making well over 20 an hour is not as critical to a retail business respective to the daily customer service levels provided by a line worker making well under 20 an hour.

 

[Swiper]

And thanks to Nixon for taking the USD completely fiat to inflate away Vietnam debts the U.S economy is totally screwed. You really don't want to go gown the road of playing the blame game because there is a whole lot more legislation proposed and passed with people with an (R) after there name then a (D).
.

we're in complete agreement here.

 

[Swiper]

Obamacare has nothing to do with this.

It's all about where a company decides to allocate it's free cash flow.
Wal-Mart is probably doing this so that they can maintain their free cash percentage that is allocated to buying back their stock.
Something that the Walton family and their investors benefit from.

In Wal-Marts case, they made a decision in 2013 to allociate 15 billion dollars of free cash to buying back stock.

Reports are that Wal-Mart is having trouble meeting their estimates.
So they decided to reduce health care benefit costs and divert the cash to maintain the 15 Billion dollar stock buyback program.

due to Obamacare health insurance rates have gone up. that's my point.

 

[LAM]

Stock buybacks are a common way that retail companies having sales target misses, revenue projection negative variances and issues meeting EPS estimates ect. prop up the stock price.
They divert cash from their largest expense, employees, by modifying regular full time /part time no benefit employee ratios, reducing employee benefits and then allocate the cash to maintaining stock buy-backs.

Ever read a Wal-Mart SEC filing?
That will indicate as to where Wal-Mart is allocating its cash.

Apple does the same thing with almost 50% of it's workforce in China their wage share annually is about 45million a year to 800-900million in the U.S. That is obviously a a huge savings in cost from utilizing global supply chain
management then once the federal statisticians calculate the nation?s economic output, what they are actually measuring is domestic ?value added? the dollar value of all sales minus the dollar value of all imports. ?Productivity? is then calculated by dividing the quantity of value added by the number of American workers. American workers, however, often have little to do with the gains in productivity attributed to them.

It's one of many ways that "American" productivity is greatly overstated unless you look at the details.

 

[Zaphod]

due to Obamacare health insurance rates have gone up. that's my point.

How so? Insurance rates have been rising anyway.

 

[Swiper]

How so? Insurance rates have been rising anyway.

not even close to the rate they are now. And Obama and all the other rats told us it would reduce rates by $2500 a year. lying pos. my policy is set to go up 24.9% January 1st.

 

[heckler7]

due to Obamacare health insurance rates have gone up. that's my point.

medical was on the rise before Obamacare, I paid $135 dollars for insulin ( that was 5 pens that last about 1 1/2 months) 10 years ago now its $380 for the same exact thing

 

[heckler7]

Another point.

The level of someones education and how much they make an hour has nothing to do with factors like customer service and customer satisfaction that are crucial to Business Customer Management Relationship.

A good example of this is a retail service employee that interacts daily with the public during their job.
Good customer service is a skill and it is critical related to any employee that falls within customer service areas.

A computer programmer associate with a college degree making well over 20 an hour is not as critical to a retail business respective to the daily customer service levels provided by a line worker making well under 20 an hour.

if you can get a job at wal-mart stocking shelves without a high school diploma making $12 an hour your saying thats a skill? or mowing lawns you can be a high school dropout, and you require some training but is that skilled labor? just saying Its not in my opinion.

 

[Zaphod]

not even close to the rate they are now. And Obama and all the other rats told us it would reduce rates by $2500 a year. lying pos. my policy is set to go up 24.9% January 1st.

Blame your employer, the healthcare coverage provider and the healthcare providers. Rates are going up because they no longer have to sell it to you, you have to buy from them. Remember from the start the the healthcare industry was against it? They quickly changed their tune when they found out they were being given guaranteed customers on a silver platter.

 

[Bowden]

if you can get a job at wal-mart stocking shelves without a high school diploma making $12 an hour your saying thats a skill? or mowing lawns you can be a high school dropout, and you require some training but is that skilled labor? just saying Its not in my opinion.

If I read your original post correctly, your statement was that jobs paying under $20 an hour are mostly unskilled.
My point was there are jobs out there that require skills, education and training that pay well under 20 an hour.
I gave you a good example of one type (grocery store clerk).

Some of these jobs depending on the company and industry ( mostly retail) pay less than one dollar an hour above Federal minimum wage.

 

[Big Puppy]

Blame your employer, the healthcare coverage provider and the healthcare providers. Rates are going up because they no longer have to sell it to you, you have to buy from them. Remember from the start the the healthcare industry was against it? They quickly changed their tune when they found out they were being given guaranteed customers on a silver platter.

And they no longer have to sell it to us because of obamacare. So how is his employer at fault for the rising rates again?

 

[heckler7]

If I read your original post correctly, your statement was that jobs paying under $20 an hour are mostly unskilled.
My point was there are jobs out there that require skills, education and training that pay well under 20 an hour.
I gave you a good example of one type (grocery store clerk).

Some of these jobs depending on the company and industry ( mostly retail) pay less than one dollar an hour above Federal minimum wage.

you think a grocery store clerk is skilled labor, the person that scan a barcode and the register does all the math, yes that takes no skill at all, or maybe I'm not understanding what you said.

 

[Zaphod]

And they no longer have to sell it to us because of obamacare. So how is his employer at fault for the rising rates again?

For passing the increased costs on to the employee. And for not telling the company that administrates the policy they need to control their rates.

 

[Swiper]

Blame your employer, the healthcare coverage provider and the healthcare providers. Rates are going up because they no longer have to sell it to you, you have to buy from them. Remember from the start the the healthcare industry was against it? They quickly changed their tune when they found out they were being given guaranteed customers on a silver platter.

yeah it's all because of Obamacare they are guaranteed customers.
btw I am my own employer. it's not my fault.

 

[Zaphod]

yeah it's all because of Obamacare they we guaranteed customers.
btw I am my own employer. it's not my fault.

Shop around.

 

[Swiper]

Shop around.

for you to vote for Gary Johnson and your support for big govt programs like obamacare has me saying wtf? do you even understand what Johnson represents? I don't think so.