The reason they're going after Wal-Mart is because it's successful. Paying minimum wage in retail and fast food is standard. Exceptions are relatively rare.
-
Hello, this board in now turned off and no new posting.
Please REGISTER at Anabolic Steroid Forums, and become a member of our NEW community!
-
Check Out IronMag Labs® KSM-66 Max - Recovery and Anabolic Growth Complex
Largest Private Employer Mooching Off Taxpayers - low wages - 15 billion in buybacks
- Thread starter Bowden
- Start date
The reason they're going after Wal-Mart is because it's successful. Paying minimum wage in retail and fast food is standard. Exceptions are relatively rare.
I agree with this, the problem is that since manufacturing moved overseas, low wage employers are the norm now. Somebody needs to flip burgers or work at Walmart. If we cut the safety net out from under those people, they will die one way or another. Not that I am against that, we need to thin out the herd, but then who works at Walmart? The fact of the matter is, without the safety net, Walmart and McDonalds would cease to exist in their current state. They would have to raise their prices until they provided a liveable wage which really wouldn't affect their bottom line too much, but it would crush their stock price. If we got rid of welfare today, the economy would tank and places like Walmart would be around for 2, 3 years tops. Those companies are only successful because they can pay nothing and welfare is a key reason those companies can pay nothing. How do you replace those jobs when the safety net is removed?
Those wages were always normal for those types of jobs. The problem is manufacturing moved overseas, not that Wal-Mart fared better.
Which is why laissez-faire capitalism has nothing to do with this.
Yes, the Wal-Mart scam is a disgrace. In addition, many MBA use the Wal-Mart business model. Even in Australia.
Massive welfare.
Wal-Mart even has HR help employees fill out the medicaid forms and other type of entitlement applications.
Where I work management is running into an increasingly bothersome trend with its overseas operations. The workers are leaving for better paying jobs, with competitors. So much that they can't keep up with production demand and with the suddenly high turn-over rate it's also costing a ton in training new workers. It isn't just one or two countries, it's all the low wage countries. China, Mexico, Thailand, India, etc. I knew this was going to happen. The workers realized that they can demand more pay and if they don't get it they work for someone who will pay more for their experience.
I've been saying it for years. It's only a matter of time before the overseas workers realize they can demand more and get it. Didn't take long, either. They found their standard of living improving and now they want more. It's now becoming cheaper to produce more here, at least for my employer. Oh, the irony!
I've been saying it for years. It's only a matter of time before the overseas workers realize they can demand more and get it. Didn't take long, either. They found their standard of living improving and now they want more. It's now becoming cheaper to produce more here, at least for my employer. Oh, the irony!
Yes, but those medium paying jobs were replaced with shitty paying ones. The world needs ditch diggers too, not everyone can be a lawyer. Look at what's happening to all of the lawyers who just graduated, a huge chink of them aren't working in law. The same is happening to nurses.
Walmart funds the buyouts with cheap debt issued by the Fed; oh believe you me this never would happen if capital cost a reasonable amount. It is why all the big public did massive corporate equity withdrawls to fund stock buybacks (because executives pay little to no taxes on these compared to ordinary income) and they aren't doing any real organic growth here in the US (hence no growth in manufacturing) and lastly there is no upward pressure on wages. Moreover, Walmart that fuckstain of a company, will always have full parking lots when you have a forced consumption based economy. When people are "forced" to spend they will go where prices are low, Walmart being one that benefits the most.
Fuck their fake speculative market stock price, these companies trade a PEs far above where they historically were and they are flush with cash. That's like Apple going to the bond market to fund anything when it has $100 BILLION in cash, it's too cheap not too. These companies are all living high on the fake hog at the top of this bubble and as long as Bernanke keeps spraying the market with dollars and a fed funds rate near zero, it will continue. This NEVER happened when there was an incentive to save, the market wouldn't let it. Yes, Walmart and most fast food burger flipping jobs always will need labor, some people just fill that role but the choices they make or are made for them in life. The incentive to at least work hard and better yourself will be to find the jobs that pay; I should know all the guys that work building pipelines with me rarely finished HS but can make $30/hr or more and get 60 hours a week. It sucks, they live in a travel trailer or hotel but people go where the money is and when you have little options, that's what happens. This is a rare instance though where guys with no education, felonies on their records, violent offenders at that, can go get a decent wage and benefits; trade off is your away from home 11 months of the year.
Benefits are not a God given right! If they are supplied by a company, Great, If they are not then oh well. Those that don't like it get a job elsewhere. Obamacare will fail and a single payer system will follow and then let the crying start.
have you ever read a single economic report in your life?
from your comment it would appear the obvious answer to that question is no...
You should fit in well in congress, I suggest you run for office in your district. You're intelligence is like listening to Ted Cruz/John McCain or Henry Waxman/Nancy Pelosi, both complete idiots (and from different parties).
it's been going on for 50-60 years, since WWII. as country's over time have industrialized they obtain manufacturing jobs then once wages increase the work is simply moved to another country that's at the bottom and the cycle repeats itself. as long as the cost of fuel, shipping, allows the use of off-shored labor to either manufacture or simply assemble products it will never stop, there is always a country out there that has workers that will do it for less.
there is just too much money too be saved in labor costs, take Apple as an example. they have the same amount of labor in the U.S and in China that works for either them or at FoxConn. the wage share to China is a fraction of that in the U.S. the 9 members of Apple's leadership team earns almost as much as 100K Chinese workers. And when the workers at FoxConn demanded more money Apple told FoxConn to give it to them from "their" share. the average work their earns about $4,500. USD a year.
these jobs will NEVER EVER COME BACK to the US.
Many liberal socialists like some whom post here, think people shouldn't be responsible for themselves. Only govt can take care of you better than you can. it's pretty sad people think that way. no wonder this country is in the shit hole
so says the person with the economic IQ of a fruit fly that's never read an actual economic paper is his life.
"personal responsibility" is nothing more than a conservative meme that was started in the 70's. your too stupid to even form your own opinions, you have to use other peoples it's freaking hysterical. that's what happens when people listen to propaganda for years on end, it becomes part of their belief system. neo-liberal propaganda works great on mental midgets like yourself.
Bowden
Elite Member
- Joined
- Dec 18, 2009
- Messages
- 1,798
- Reaction score
- 736
- Points
- 0
The problem with this is that the private sector is not creating enough jobs since 2007 that pay middle class wages and benefits.
Most of the jobs that have been created are low wage jobs with limited or no benefits that do not provide a living wage.
Yeah, you said that earlier. It strikes me as odd that everyone here will admit that a consumption based economy is not sustainable and that the real solution is to bring back manufacturing, yet you guys fight tooth and nail for changes that shift us further into a consumption based economy.
Largest Private Employer Mooching Off Taxpayers - low wages - 15 billion in b...
spoken like a true socialist. ^^^^
I already know you don't believe in personal responsibility. govt is the all mighty and must take care of and make decisions for people because their too dumb to do it on their own. lmao.....
why do you like being a slave to govt?
spoken like a true socialist. ^^^^
I already know you don't believe in personal responsibility. govt is the all mighty and must take care of and make decisions for people because their too dumb to do it on their own. lmao.....
why do you like being a slave to govt?
Seems to me that something created for the people, by the people should pretty much serve the people.... Our system has become "Serve the highest bidder, fuck the people...." You love being a corporate pawn when you tout those good ol' boy slogans, and political epithets like "Socialist"?
Largest Private Employer Mooching Off Taxpayers - low wages - 15 billion in b...
he is a socialist. he wants govt to take total control over the health care and insurance system. that is socialism. he'll even admit it like some other democrats have.
he is a socialist. he wants govt to take total control over the health care and insurance system. that is socialism. he'll even admit it like some other democrats have.
Spoken like someone inept. I have never heard LAM say the government is the solution. If you look back 40 years at the %growth of GDP in the government sector, it's grown as much or more under rep as it has under dems. You're don't actually read anything people post, whatever Kool Aid Rush Limbaugh and Karl Rove gave you must have one hell of a long half life because you're a broken record or stupid regurgitation of far right talking points. Newsflash guy, GW undid every good economic change done under Clinton/Gingrich within 18 months and for what, a 12 month slowdown that was created by the Wall Street casino and the fed reserve. There is fault everywhere; you notice the intelligent people in the world rarely have a party affiliation as they find plenty of fault in the two party system as it's meant to divide and achieve one goal: a massive shift of wealth/capital away from labor (this is YOU moron) to the richest 1%. This is how you destroy a middle class and create a pure working class with no hope of upward movement. Very socialistic isn't it; lots of equality there. Take a minute to absorb the facts before you refute them with your Fox News talking points by Hannity.
you're a trip. who's talking reps and dems? wtf?? seriously stop the drugs it's clouding your judgement. And go get some comprehension skills and you'll maybe some day know at least something about my views. obviously you have no clue, as you wouldn't have written what you did. you ever hear of the word libertarian? even if you did I don't expect you to know what it means. look it up, you might learn something new . even then with your poor comprehension skills I don't expect you to ever know because your so dumb, You have to misinterpret what I post to make yourself feel better about yourself because of your shortcomings. which bring up many other mental issues you have. I actually feel sad for you having to live your life like that. mental health issues are serious. you should get that looked at. And you can take LAMs dick out of your mouth now. I bet you hope lam "likes" your post. I bet that would make your day. uh? lmao!!
so you believe in a fantasy? a economic doctrine or system of economic beliefs that doesn't have one single mathematical model or formula to it's name. libertarian economic policy is laissez-faire capitalism. laissez-faire is french and means "allow to do". so basically you are for the complete subjugation of labor by capital but then you bash the poor for being so, which is brilliant.
your a fucking idiot
Largest Private Employer Mooching Off Taxpayers - low wages - 15 billion in b...
lol you uneducated fool. you misrepresent Austrians Econ because you know nothing about it . lmao. try reading about Austrian economics and Hayek, you know the guy who won the Nobel prize in economics
And where had Keynesian Econ worked? lol. it's a failure just look at the US. wow! you're a fucking tool!
lol you uneducated fool. you misrepresent Austrians Econ because you know nothing about it . lmao. try reading about Austrian economics and Hayek, you know the guy who won the Nobel prize in economics
And where had Keynesian Econ worked? lol. it's a failure just look at the US. wow! you're a fucking tool!
Last edited:
I have read it, and ever book or paper written by Hayek, Menger, etc.
your the one that hasn't turned a page on a single book and your utter lack of understand of econ is proof positive of that. so the lol is on you!
you've even admitted on this site that you an mental midget yet still claim to have read things that you haven't. it's obvious that you haven't read much about anything since you graduated high school, if you even accomplished that.
still can't grasp that theory is just that subjective. LMAO
LOL no you haven't. otherwise you wouldn't make suck retard statements about the Austrian school. Or because it doesn't' fix your socialist agenda so you just dismiss it.
And yes i don't have 15 hours a day like to read econ reports. some of us have lives, families, and jobs to attend to. And making time to train. So i rely on trusted Nobel Prize winning economists and historians to explain the ecom reports and US history in a summery. If i had 15 hours a day like you, i might would read more than i currently do. so if you want to dis me for that fine, i could care less.
you also admitted you're a millionaire whom won't spend a few grand to fix that nasty gyno you have. why? that's disgusting you look like you have tits. Only conclusion is that your a transsexual and like having titties??????
Hopefully this will lead to global stasis for the workers, with a small reciprocal wave of increase back in this country, at least high enough to send a few of us through that glass ceiling, grab some ankles, drag them half through to blunt the sharp edges so the glut of blood money falls down to the real launderers slaving each day to keep Mr Elites tighties white, and makes for safe passage of those of us with too much integrity to send a shower of glass on our brethren and to have resisted blood money.... I'm not socialist, I am Humanist, I want what is fair and good for all of humanity, not selfishly for my country....and only by the grace of enlightenment not myself.
your a fucking economic genius! now all you have to do is convince about 300 world governments to revert back to economic theory from the 1700's. you should speak in-front of congress with your proposal.
